Egypt's Suez Canal Authority (SCA) will seek over ask for more than 1 billion dollars in compensation for the losses caused by mega-ship Ever Given blocking traffic in either direction after running aground sideways.
Rescue efforts to unlock the Panama-flagged mega-ship Ever Given from the Suez Canal finally proved successful early Monday, Egyptian authorities confirmed. But it was too soon to know when traffic through the vital waterway might resume.
A Panama-flagged cargo ship which ranks among the largest ever built, ran aground sideways late Tuesday in the Suez Canal, hindering all traffic in either direction.
Danish vessel setting sail from Vladivostok this week is set to become the first container ship to tackle the Arctic sea route north of Russia. The Venta Maersk, owned by Maersk Line, and carrying 3,600 containers, hopes to reach St Petersburg by late September. That could be up to 14 days faster than the southern route via the Suez Canal.
The first cargo ships passed through Egypt's New Suez Canal last weekend in a test-run before it opens next month, state media reported, eleven months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez Canal.
A consortium consisting of Royal Boskalis Westminster N.V. (Boskalis), Van Oord, NMDC (Abu Dhabi) and Jan de Nul (Belgium) has acquired a contract from the Suez Canal Authorities in connection with the expansion of the Suez Canal, which provides a vital shipping link between Europe and Asia.
Egypt plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding trade along the fastest shipping route between Europe and Asia.