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.

All comments are subject to review.

Please note that comments are not moderated immediately — every comment must be reviewed. This means there may be a delay before your comment is visible.

Comment as a visitor

No account. Fill in your name and the skill-testing question.

Multiply first, then add or subtract.

Comments

0

No comments yet.