General
Last of 400 stranded ships pass through Suez Canal as compensation case looms
The last of 400 ships blocked at Egypt’s Suez Canal have now passed through the waterway, the Suez Canal Authority (SCA) said.
Key points:
- 422 ships with a total net load of 26 million tonnes had passed through the canal since it’s reopening
- The Egyptian government said the vessel will not be released until compensation is settled
- Insiders said this could be the largest ever container ship compensation case
The canal was blocked on March 23 when the Ever Given — one of the world’s largest container ships — got stuck diagonally across its width.
The 224,000-ton Panama-flagged vessel was grounded in a narrow section of the canal after losing the ability to steer amid high winds and a sandstorm, which led to temporary suspension of…
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