• Jul 07, 2021
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  Suez Canal blocking ship released from Egypt's Canal Authority after agreeing to $1b fee.

  
  

  Six days the ship (Ever Given) blocked traffic. The traffic was valued at $10b per day. When the Suez Canal Authority dislodged the vessel, it held it until terms could be arranged, given the costs to the port itself (SCA eventually claimed it was around $550m, including costs to dislodge, various expenses, and financial damages).
  

  
  

  This will be billed to the ship's owners and insurers.
  

  
  

  #Port #Canal #Egypt #EverGiven
  
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  <div><b>Suez Canal blocking ship released from Egypt's Canal Authority after agreeing to $1b fee.</b></div><div><br></div><div>Six days the ship (Ever Given) blocked traffic. The traffic was valued at $10b per day. When the Suez Canal Authority dislodged the vessel, it held it until terms could be arranged, given the costs to the port itself (SCA eventually claimed it was around $550m, including costs to dislodge, various expenses, and financial damages).<br></div><div><br></div><div>This will be billed to the ship's owners and insurers. <br></div><div><br></div><div><a href="http://landandseajournal.com/post/hashtag/Port">#Port</a> <a href="http://landandseajournal.com/post/hashtag/Canal">#Canal</a> <a href="http://landandseajournal.com/post/hashtag/Egypt">#Egypt</a> <a href="http://landandseajournal.com/post/hashtag/EverGiven">#EverGiven</a><br></div>

  Suez Canal blocking ship released from Egypt's Canal Authority after agreeing to $1b fee.

  
  

  Six days the ship (Ever Given) blocked traffic. The traffic was valued at $10b per day. When the Suez Canal Authority dislodged the vessel, it held it until terms could be arranged, given the costs to the port itself (SCA eventually claimed it was around $550m, including costs to dislodge, various expenses, and financial damages).
  

  
  

  This will be billed to the ship's owners and insurers.
  

  
  

  #Port #Canal #Egypt #EverGiven
  

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