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Egypt’s Suez Canal

Iranpress: Cargo ship Ever Given held in Suez Canal amid $916 million claim

Cargo ship Ever Given held in Suez Canal amid $916 million claim

Thursday, 15 April 2021 03:29

The mammoth cargo ship Ever Given that blocked the Suez Canal last month is being held in the waterway as authorities pursue a $916 million compensation claim against its owner, according to the vessel’s insurer.

Iranpress: Losses from Suez Canal blockage could reach $1 billion

Losses from Suez Canal blockage could reach $1 billion

Thursday, 01 April 2021 05:18

The chairman of the Suez Canal Authority said on Wednesday, in an interview with Egypt’s Sada El-Balad TV, that losses and damages from the Ever Given blockage could reach around $1 billion.

Iranpress: Ship blocking Suez Canal moves slightly, unclear when it will refloat

Ship blocking Suez Canal moves slightly, unclear when it will refloat

Sunday, 28 March 2021 05:01

Efforts to dislodge a giant container ship blocking the Suez Canal have allowed it's stern and rudder to move, but it remains unclear when it can be refloated, the head of the canal authority said on Saturday.

Iranpress: Egypt loses $400m per hour due to wedged cargo ship in Suez Canal

Egypt loses $400m per hour due to wedged cargo ship in Suez Canal

Friday, 26 March 2021 06:24

According to a financial estimate issued by a prominent banking institution, the losses incurred by Egypt after the Suez Canal was blocked by the Ever Given cargo ship are estimated at about $400 million per hour.

Iranpress: Suez Canal blockage may pose delays to global shipments

Suez Canal blockage may pose delays to global shipments

Thursday, 25 March 2021 02:27

Egypt’s Suez Canal blockage by a massive container vessel, which ran aground the key waterway, could cause some delays in global shipments of commodities.

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