TwentyTenDaily

Tag: The Ever Given Vessel

  • Egypt Demands $900M To Release Ship Blamed For Suez Blockage

    Egypt Demands $900M To Release Ship Blamed For Suez Blockage

    Egypt is demanding $900 million in compensation for the release of the Japanese owned container ship that caused the week-long blockade of the Suez Canal. The Government Daily Al-Ahram reported on Tuesday that negotiations between the Suez Canal Authority (SCA) and  Japanese company Shoei Kisen were ongoing, with the SCA insisting the shipping company was…

  • Report: Global Maritime Industry Suffers $9.6BN Loss Daily Due To Suez Blockage

    Report: Global Maritime Industry Suffers $9.6BN Loss Daily Due To Suez Blockage

    Shipping data have shown that the stranded Ever Given mega-container ship in the Suez Canal is holding up an estimated $9.6bn (£7bn) of goods each day which works out at $400 million an hour in trade along the waterway, a vital passageway between east and west. The Suez Canal separates Africa from the Middle East…