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“#Egypt may have lost $1 billion from Suez Canal blockage” Egypt wants to be compensated for the roughly $1 billion that it lost after a massive container ship got stuck in the Suez Canal for six days. Osama Rabie, the CEO of the Suez Canal Authority, revealed the estimate in an interview with Egyptian TV…
“#No lawsuits filed against Ever Given owner” The owner of the enormous ship that jammed the Suez Canal for hasn’t been sued over the blockbuster blockage — at least not yet. Shoei Kisen Kaisha, the Japanese ship-leasing firm responsible for the 40 million-pound Ever Given, told Reuters it hasn’t received any lawsuits or claims for…
“#First ship passes through Suez Canal after Ever Given freed” The Wish came through. The first ship to make it through the Suez Canal since the vital waterway was reopened after a colossal container ship was finally freed Monday is reportedly the YM Wish. The 1,207-foot-long, Hong Kong-flagged container ship – only about 100 feet…
“#Giant ship blocking Suez Canal freed, but economic impact looms” The weeklong closure of the Suez Canal will continue to weigh on the economy despite the massive container ship that has been stuck there finally being freed on Monday, experts said. Ever Given, the giant ship that has blocked the highly-trafficked waterway since March 23, was…
“#Massive ship Ever Given ‘re-floated’ in Suez Canal” The massive container ship that has been stuck in the Suez Canal for six days was reportedly back afloat on Sunday night. A top pilot with the canal authority confirmed to the Associated Press that the Ever Given had been partially refloated after running aground last Tuesday…
“#Continued Suez Canal problems costs $10 billion a day” A massive container ship remains stuck in the Suez Canal for a sixth day on Sunday — hiking the estimated economic damage from the resulting shipping logjam to $60 billion. The crisis is causing commercial losses of about $9.6 billion a day as ships that should…
“#US Navy ready to help free cargo ship blocking Suez Canal” The US Navy is prepared to do whatever it can to help float this boat. The Navy could be called in to free the grounded container ship that has blocked the Suez Canal and interrupted global trade since Tuesday. “A US official, speaking…
“#Suez Canal logjam could stretch on for weeks, slam world economy” The growing traffic snarl in the Suez Canal could take weeks to untangle — and is threatening to wreak havoc on the world economy in the process. The giant cargo ship that’s wedged across the canal is blocking an estimated $9.5 billion worth of…
“#Suez Canal ship’s owner apologizes as blockage enters third day” The owner of the titanic ship blocking the Suez Canal apologized Thursday for bringing one of the world’s most vital waterways to a standstill as the traffic jam stretched into its third day. The apology from Japanese ship-leasing firm Shoei Kisen Kaisha Ltd. came as…
“#Giant container ship blocking Suez Canal partially moved” Crews have managed to partially free the container ship that caused a massive traffic jam on the Suez Canal. The 440 million-pound Ever Given has been “partially refloated” after high winds and a dust storm turned it sideways and blocked the crucial trade route between Europe and…