Egypt to release megaship impounded over Suez blockage
A picture released by Egypt's Suez Canal Authority on March 29, 2021 shows a man waving the Egyptian flag after Panama-flagged MV 'Ever Given' container ship was fully dislodged from the banks of the Suez. PHOTO | SUEZ CANAL AUTHORITY | AFP
After a round-the-clock salvage operation to dislodge it, Egypt seized the ship and demanded compensation from Japanese owners Shoei Kisen Kaisha for lost canal revenues, salvage costs and damage to the canal.
The Suez Canal Authority (SCA) announced Sunday that a final deal had been reached, without disclosing the amount of compensation to be paid.
