ISMAILIA, Egypt—Egyptian authorities announced the release Wednesday of a hulking shipping vessel that had blocked the Suez Canal for nearly a week earlier this year.
The Ever Given left the canal’s Great Bitter Lake, where it had been held for over three months amid a financial dispute. The development came after its Japanese owner, Shoei Kisen Kaisha Ltd., reached a settlement with canal authorities over a compensation amount following weeks of negotiations and a court standoff.
