Egypt impounds Ever Given ship over $900m Suez Canal compensation bill
CNN
Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for days last month amid a dispute over financial damages, the state-run Al Ahram news outlet said on Tuesday.
An Egyptian court ordered the vessel's Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine traffic from transiting through the vital global trade waterway. The hefty bill also includes maintenance fees and the costs of the rescue operation, Al Ahram reported.
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