Latest News for: Ship canals


Ever Given insurance company says $900m compensation claim is unjustified

Arab News 16 Apr 2021
The offer to the Suez Canal Authority was made in cooperation with the Japanese company that owns the ship on April 12th, Al Arabiya reported ... to cover the cost of freeing the ship and the disruption to traffic on the canal.

Is the Istanbul Canal Erdogan's personal or Turkey's national project?

Middle East Monitor 16 Apr 2021
The Turkish government has affirmed that the canal would ease shipping traffic on the Bosphorus, one of the busiest maritime passages in the world, and would prevent accidents similar to the recent incident in Egypt's Suez Canal ... Panama Canal, and 17,000 the Suez Canal.".

In short supply: Suez snarl-up, virus hit UK gnome market

Urdu Point 16 Apr 2021
Many of the decorative ornaments, which can be made of plastic, stone or concrete, have been left languishing in shipping containers ... "With goods arriving from abroad, garden centres were affected by the ship getting stuck in the canal as much as any other industry," he told the broadcaster.

Two Indian crew members of 'Ever Given' to leave ship, return to India

The Times of India 16 Apr 2021
The Suez Canal Authority had gone to over a compensation of nearly one billion dollars which it demanded from the ship owner and other agencies for the loss of revenue it suffered on account of ‘Ever Given’ being stuck in the Suez Canal for six days from March 23 to March 29.

Losses Mount for Chinese Companies as Egypt Seizes Suez Tanker

Caixin Online 16 Apr 2021
Chinese companies with goods on the Ever Given are facing mounting losses due to even longer delays getting their shipments delivered after Egyptian authorities seized the giant cargo vessel and demanded almost $1 billion in compensation for blocking the Suez Canal for about a week ... How a Gigantic Ship Shows the Fragility of Global Trade.

Iran supplies Syria regime with 3m barrels of oil

Middle East Monitor 16 Apr 2021
The other two ships, which were present in the Suez Canal between 8-9 April, are currently untraceable due to the shutdown of their tracking systems ... The Syrian government has linked the fuel crisis to the Ever Given ship incident in the Suez Canal.

Love that chicken? It might be coming soon

Post Bulletin 16 Apr 2021
I am just wondering why it is that all the news stories about the ship stuck in the Suez Canal call the ship Ever Given, but it clearly says Evergreen on the side ... The now-dislodged container ship is registered in Panama as the Ever Given, but it is time-chartered and operated by the pretty similarly named company Evergreen Marine, based in Taiwan.

On this day in 1996, Stavros Niarchos passes away

Greek City Times 16 Apr 2021
The secret of his shipping success was very simple ... He then founded Niarchos Ltd, an international shipping company that at one time operated more than 80 tankers worldwide. He and Aristotle Onassis were great shipping rivals ... in 1956 the Suez Canal Crisis considerably increased the demand for the type of large tonnage ships that Niarchos owned.

Aviation industry demands action to get planes back in the air

Swissinfo 16 Apr 2021
Zurich Economics Minister Carmen Walker Späh said the airport is the “Suez Canal of Switzerland”, referring to the crucial waterway that was recently blocked for several days by a shipping accident ... .

Why Egypt seized cargo ship that blocked Suez Canal

Business Day Online 15 Apr 2021
Egyptian authorities have seized the container ship that blocked the Suez Canal last month in an effort to get over $900 million in compensation for the weeklong shutdown of the waterway ... And, contrary to claims that the Suez Canal ship backlog caused sulphur pollution spike, it said “the grounding resulted in no pollution and no reported injuries”.

Suez Canal Authority allows two members of Ever Given to return home 15 Apr 2021
CAIRO, April 15 (Xinhua) -- The Suez Canal Authority (SCA) announced on Thursday that it has responded to a request of two members of Ever Given crew to leave the ship and return home for personal emergency conditions, the SCA said in a statement.

Egypt seizes Ever Given, demands compensation after Suez Canal blockage

The Hill 15 Apr 2021
Egyptian authorities have seized the Ever Given cargo ship that was lodged in the Suez Canal for several days last month, ordering the ship's owner to pay $900 million in compensation ... The ship had prevented over 450 other vessels from passing through the canal ... Shortly after the ship was freed, head of Suez Canal Authority Lt.

Suez megaship owner haggles over $900m release demand

Beijing News 15 Apr 2021
... to the canal ... The Japanese-owned, Taiwanese-operated and Panama-flagged ship was moved to unobstructive anchorage in the canal after it was freed on March 29, and tailbacks totalling 420 vessels at the northern and southern entrances to the canal were cleared in early April.

Egypt seizes ‘Ever Given’ ship pending compensation claim

The National 15 Apr 2021
A court in the city of Ismailia granted a seizure request regarding the Ever Given at the behest of the Suez Canal Authority (SCA) ... later, two of the ship's crew were allowed to lea ... Egypt’s move underscores the legal complications following the container vessel’s grounding on March 23, which closed the canal for six days and roiled shipping markets.

Panama Canal delays transit reservation fees changes

Seatrade Maritime News 15 Apr 2021
The Panama Canal has announced it is postponing the implementation of the modifications in the Transit Reservation System fees from 15 April to 1 June 2021. The Canal Authority said it had taken in account the feedback received from customers and shipping associations to modify the date ... Panama Canal modifies transit reservation and service fees.