Ever Given has finally been given the green light to set sail from the Suez canal
The giant container ship that infamously blocked the Suez Canal for six days, cost the world economy billions.
Now its finally departed after its owners reached a massive settlement deal with the Suez Canal Authority.
Terms of the deal were not disclosed but Egypt had demanded $550 million dollars.
The Suez Canal provides the shortest sea link between Asia and Europe.
But the vital waterway was blocked when the 400m-long ship became wedged.
The container ship was re-floated following a six-day salvage operation.
A settlement has been reached between the owners and insures of the Ever Given container ship that blocked the Suez Canal in March
A formal settlement had been agreed in a compensation dispute, and the canal authority said the vessel would be allowed to sail on July 7.
The Suez Canal Authority has held the giant ship and its crew in a lake between two stretches of the waterway since it was dislodged on March 29, amid a dispute over demand for compensation by the SCA.
The Japanese-owned Ever Given had become stuck in high winds and remained wedged across the canal for six days, disrupting global trade.
“Preparations for the release of the vessel will be made and an event marking the agreement will be held at the Authority’s headquarters in Ismailia in due course,” Faz Peermohamed of Stann Marine, which represents owner Shoei Kisen and its insurers, said in a statement.
The SCA said the settlement contract would be signed on Wednesday at a ceremony, and that participants would be able to watch the ship leaving.
TikTok’s fate in the United States has never been more in doubt.
Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.
But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.
Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity
New research shows the impact of alcohol on our gut microbiome.
Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.
Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.
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