Dislodged Ship Held in Suez Canal as Talks Continue Over $916 Million Claim

Dislodged Ship Held in Suez Canal as Talks Continue Over $916 Million Claim
Ship Ever Given is seen after it was fully floated in Suez Canal, Egypt, on March 29, 2021. Mohamed Abd El Ghany/Reuters
Reuters
Updated:

CAIRO—A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’s Japanese owner, one of the vessel’s insurers and canal sources said on Tuesday.

The Ever Given container ship, owned by Shoei Kisen, has been in a lake separating two sections of the canal since it was dislodged on March 29, as the Suez Canal Authority (SCA) conducts investigations.