Calls for scheduling changes as vessels turn their back on Suez Canal

Ever Given to be refloated after Suez Canal Authority strikes compensation deal

The UK P&I Club has announced that the Ever Given will be released by the Suez Canal Authority (SCA) after a compensation agreement was confirmed. In a statement, the UK P&I Club, the vessel’s insurer, said the “formal solution” has now been agreed and that preparations for the vessel’s release are being made. The announcement […]

Parties strike deal in Suez Canal obstruction dispute

Agreement struck between parties in Suez Canal obstruction dispute

The Suez Canal Authority (SCA) and the owners of the Ever Given have reached an agreement in principle regarding compensation for the six-day obstruction of the waterway in March 2021.   In a statement, the UK P&I Club, the vessel’s insurer, said its negotiating committee it has been able to strike an agreement with all […]

Egypt accelerates Suez Canal expansion after Ever Given crisis

Egypt accelerates plans to widen and deepen Suez Canal after Ever Given crisis

The Egyptian government has accelerated plans to widen and deepen the southern end of the Suez Canal following the six-day obstruction caused by the mega-ship the Ever Given in March 2021. The area of the canal between the city of Suez and Bitter Lakes will be widened by 131 feet eastwards and deepened from 66 […]

Calls for scheduling changes as vessels turn their back on Suez Canal

Suez Canal Authority calls for cooperation in Ever Given legal dispute

The Suez Canal Authority (SCA) has called for all parties involved in the dispute over the detained Ever Given to cooperate and compromise. In a statement, the SCA’s chairman and managing director Osama Rabie has said the SCA is keen for it, the Ever Given’s owner, Shoei Kisen Kaisha Ltd and insurer, UK P&I Club, […]

Is the Arctic an alternative to the Suez Canal?

Is the Arctic an alternative to the Suez Canal?

A lack of infrastructure and continued opposition on environmental grounds mean the Arctic is unlikely to see commercial shipping in the near future, according to carriers and operators, despite the congestion caused by the grounding of the Ever Given in the Suez Canal. Global trade was thrown into chaos after the mega-ship blocked the waterway […]