© Reuters. FILE PHOTO: Ship Ever Given, one of the world’s largest container ships, is seen after being fully afloat in the Suez Canal, Egypt, March 29, 2021. REUTERS / Mohamed Abd El Ghany / / File Photo
By Nadeen Ebrahim
ISMAILIA, Egypt (Reuters) – The container ship that blocked the Suez Canal in March left the position where it had been anchored for more than three months on Wednesday to leave the waterway after the owner and insurers reached an agreement compensation with the canal authority.
A Reuters witness aboard a tugboat saw the container ship Ever Given start moving north into the Great Bitter Lake, which separates two sections of the canal and where it has been moored with its Indian crew since being refloated on March 29.
The ship, one of the largest container ships in the world, had stuck diagonally on the southernmost single-track stretch of the canal for six days, disrupting global trade.
The Suez Canal Authority (SCA) demanded more than $ 900 million in compensation for the rescue operation and other losses, reduced to $ 550 million afterwards. He tried the ship on court order as he pursued the claim, creating a dispute with the ship’s insurers and Japanese owner Shoei Kisen.
After lengthy negotiations, an undisclosed settlement between the parties was reached and the SCA announced that the vessel would be released on Wednesday.
A ceremony was to be held at the canal to mark the departure of the ship, which is loaded with around 18,300 containers.
Channel sources said the Ever Given would be escorted by two tugs and guided by two experienced pilots.
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.