The Suez Canal Authority said the vessel would not be allowed to leave the country until a compensation amount is settled on with the vessel’s Japanese owner, Shoei Kisen Kaisha Ltd. A court in the Suez Canal city of Ismailia ordered the seizure of the vessel earlier this month. That amount takes into account the salvage operation, costs of stalled canal traffic and lost transit fees for the week the Ever Given blocked the canal. A massive container ship, the Ever Given, is still blocking the Suez Canal despite efforts to refloat the vessel. The Suez Canal Authority has demanded $916 million in compensation, according to the UK Club, an insurer of the Ever Given. Egyptian authorities have impounded the hulking Ever Given, which blocked the Suez Canal for nearly a week in March, halting billions of dollars in maritime commerce. CNN’s Beijing bureau. Experts are now investigating what caused the massive vessel to … Eight tug boats are working to free a large container ship stuck in Egypt's Suez Canal, halting marine traffic through one of the busiest and most important waterways in the world. A massive salvage effort by a flotilla of tugboats helped by the tides freed the skyscraper-sized, Panama-flagged Ever Given six days later, ending the crisis, and allowing hundreds of waiting ships to pass through the canal. A court in the Suez Canal city of Ismailia ordered the seizure of the vessel earlier this month. Hundreds of other ships waited in place for the blockage to end. There was no immediate comment from the vessel’s owner. An Egyptian court upheld a ruling preventing the giant container ship that blocked the Suez Canal from leaving the country, after authorities sought more than $900 million in compensation from the owners. The surreal image captivated the world as … An Egyptian court Tuesday, May 4, 2021, rejected an appeal by the owner of a massive container ship of the court-ordered seizure of the vessel by Egyptian authorities over a financial dispute. CAIRO — An Egyptian court Tuesday rejected an appeal by the owner of a massive container ship of the court-ordered seizure of the vessel over a financial dispute. Turn on desktop notifications for breaking stories about interest? (AP Photo/Mohamed El-shahed, File). An Egyptian court has rejected an appeal by the owner of the massive container ship that blocked the Suez Canal in March for it to be returned to its country of origin. March 30, 2021, 12:32 PM PDT. The shutdown, which raised worries of supply shortages and rising costs for consumers, added strain on the shipping industry, already under pressure from the coronavirus pandemic. The ship which … The Ever Given’s owner filed an appeal on April 22 in hopes of overturning the decision. The Suez Canal Authority has demanded $916 million in compensation, according to the UK Club, an insurer of the Ever Given. In this photo released by Suez Canal Authority, the Ever Given, a Panama-flagged cargo ship, is pulled by one of the Suez Canal tugboats. That amount takes into account the salvage operation, costs of stalled canal traffic and lost transit fees for the week the Ever Given blocked the canal. The massive container ship that is blocking the Suez Canal may have run aground because of human error, not a strong windstorm, Egyptian officials said this weekend. The Suez Canal (Arabic: قَنَاةُ السُّوَيْسِ ‎, Qanātu s-Suways) is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. CAIRO -- An Egyptian court Tuesday rejected an appeal by the owner of a massive container ship of the court-ordered seizure of the vessel over a financial dispute. The Ever Given was on its way to the Dutch port of Rotterdam on March 23 when it slammed into the bank of a single-lane stretch of the canal about 6 kilometers (3.7 miles) north of the southern entrance, near the city of Suez. The MV Ever Given, a Panama-flagged cargo ship wedged across the Suez Canal and blocking traffic in the vital waterway, is seen on March 26, 2021. Ship stuck in Suez Canal forbidden from leaving Egypt until $900M bill is paid. In this photo released by Suez Canal Authority, the Ever Given, a Panama-flagged cargo ship is pulled by one of the Suez Canal tugboats, in the Suez Canal, Egypt, on March 29, 2021. Egyptian authorities have impounded the hulking Ever Given, which blocked the Suez Canal for nearly a week in March, halting billions of dollars in maritime commerce. The company said it has notified a number of the owners of the approximately 18,000 containers on the ship to assume part of the damages demand. Probe begins of why giant ship got stuck, blocking Suez Canal CBSNews 3/30/2021 Elizabeth City state of emergency, CDC mask guidelines, Apple privacy changes: 5 … REUTERS/Mohamed Abd El Ghany//File Photo Negotiations between the Suez Canal Authority and the shipowner were still ongoing to settle the compensation claim, Shoei Kisen Kaisha Ltd. said last week. The world cheered when the meme-worthy Evergreen cargo vessel called the Ever Given was freed from the sides of the Suez Canal, but the ship still hasn't left the waters there. The blockage of the canal forced some ships to take the long alternate route around the Cape of Good Hope at Africa’s southern tip, requiring additional fuel and other costs. 24/7 coverage of breaking news and live events. The SCA is impounding the ship while it pursues $916 million from its owners. Suez ship will be repositioned to the Great Bitter Lake for inspection. There was no immediate comment from the vessel’s owner. The company said it has notified a number of the owners of the approximately 18,000 containers on the ship to assume part of the damages demand. A massive salvage effort by a flotilla of tugboats helped by the tides freed the skyscraper-sized, Panama-flagged Ever Given six days later, ending the crisis, and allowing hundreds of waiting ships to pass through the canal. By signing up you agree to our Terms of Use and Privacy Policy, Egypt court upholds seizure of ship that blocked Suez Canal. The Economic Court of Ismailia on Tuesday upheld the seizure decision. For nearly a week, the leviathan Ever Given container ship was lodged across the Suez Canal in the Egypt. Ship "Ever Given," one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt, March 29, 2021. The Suez Canal Authority said the vessel would not be allowed to leave the country until a compensation amount is settled on with the vessel’s Japanese owner, Shoei Kisen Kaisha Ltd. A court in the Suez Canal city of Ismailia ordered the seizure of the vessel earlier this month. The most important news stories of the day, curated by Post editors and delivered every morning. REUTERS/Mohamed Abd El Ghany The Suez Canal, one of the world's most important trading routes, was opened in 1869. The cargo ship MV Ever Given was freed in the Suez Canal near Suez, Egypt, on Monday. INVESTIGATORS are to place the captain and crew of the container ship which blocked the Suez Canal under house arrest, it is claimed. An Egyptian court has rejected an appeal by the Japanese owner against the earlier seizure. Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. Egypt court upholds seizure of ship that blocked Suez Canal FILE - In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is anchored in Egypt’s Great Bitter Lake. The massive container ship stretches more than 1,300 feet, which is … World Africa The Suez Canal Authority said on Monday that the Ever Given's crew wasn't being detained. A stuck ship in the Suez Canal cost the global economy up … Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. FILE - In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is anchored in Egypt's Great Bitter Lake. The Suez Canal ship is free, but the shipping industry’s ‘humanitarian crisis’ isn’t over. The Ever Given’s owner filed an appeal on April 22 in hopes of overturning the decision. The Ever Given was on its way to the Dutch port of Rotterdam on March 23 when it slammed into the bank of a single-lane stretch of the canal about 6 kilometers (3.7 miles) north of the southern entrance, near the city of Suez. In […] The container ship that blocked the Suez Canal near Egypt for days at the end of March, the Ever Given, is still forbidden to leave Egypt. Egyptian authorities have impounded the hulking Ever Given, which blocked the Suez Canal for nearly a week in March, halting billions of dollars in maritime commerce. To help clear the backlog caused by the 1,312-foot-long ship named Ever Given, the Suez Canal Authority is expected to increase the number of vessels moving through the … The Ever Given has been freed. By Josh Lipsky, director of the Atlantic Council’s GeoEconomics Center. What the Ever Given saga taught us about the world. The Economic Court of Ismailia on Tuesday upheld the seizure decision. Mohamed Elshahed/AP. The Ever Given remains lodged in the Suez Canal, halting traffic for a fourth straight day. In this photo released by Suez Canal Authority, the Ever Given, a Panama-flagged cargo ship is pulled by one of the Suez Canal tugboats, in the Suez Canal, Egypt, Monday, March 29, 2021. The container ship was blocking the Suez Canal for nearly a week, holding up billions in trade. An Egyptian court has rejected an appeal by the owner of a massive container ship of the court-ordered seizure of the vessel over a financial dispute. It refused to disclose further details of the negotiations, including the amount covered by insurance and how much it is asking freight owners to share. By 2021 approximately fifty ships per day travelled through the canal, about 12% of total global trade at the time. Union … Authorities are demanding damages of 900 million dollars from the owners of the ship. The Ever Given’s owner filed an appeal on April 22 in hopes of overturning the decision. The shutdown, which raised worries of supply shortages and rising costs for consumers, added strain on the shipping industry, already under pressure from the coronavirus pandemic. Hundreds of other ships waited in place for the blockage to end. For much of its length, however, the canal is not wide enough to allow traffic to travel in both directions at once; convoys of ships must take turns transiting these segments of the waterway. People watch as the container ship 'Ever Given' is refloated, unblocking the Suez Canal … The blockage of the canal forced some ships to take the long alternate route around the Cape of Good Hope at Africa’s southern tip, requiring additional fuel and other costs. Negotiations between the Suez Canal Authority and the shipowner were still ongoing to settle the compensation claim, Shoei Kisen Kaisha Ltd. said last week. The decision was announced Tuesday by a court in the canal-side city of Ismailia, following a legal appeal. The 1,400-foot-long cargo ship jammed diagonally across a southern section of the Suez Canal, leaving a total of 367 ships, including dozens of container ships and … It refused to disclose further details of the negotiations, including the amount covered by insurance and how much it is asking freight owners to share.