Suez Canal, Ever Given owners eye out-of-court settlement

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Egypt’s Suez Canal and the owners of the Ever Given, a massive container ship that blocked the critical waterway for almost a week in March, are seeking an out-of-court settlement amid a complex legal dispute, lawyers said on Saturday. The Panama-flagged container ship was refloated on March 29, six days after it ran aground during a sandstorm and blocked the canal, disrupting traffic on one of the busiest shipping routes and causing ripple effects around the world. The 400-metre-long vessel has since been anchored at the Great Lakes area, a wider section of the canal. It was impounded due to …

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