
The Ever Given could soon be released by the Suez Canal
CNN
A deal to release the Ever Given could soon be reached, freeing the quarter-mile-long container ship and the hundreds of millions of dollars worth of cargo it was carrying when it blocked the Suez Canal three months ago.
An Egyptian court seized the ship and its 18,300 containers, after the Suez Canal Authority filed a $900 million compensation claim against Japanese ship owner Shoei Kisen Kaisha for losses arising from the six-day blockage. Stann Marine, which represents the owners and insurers of the vessel, said Wednesday that an "agreement in principle" has been reached with the Suez Canal Authority following weeks of negotiations.More Related News