Money
Why the ship that blocked the Suez Canal is still stuck
A court in Egypt is preventing the container ship that blocked the Suez Canal from leaving the country.
Authorities are seeking over $900 million in compensation for damages caused by the ship that became stuck in the Suez Canal in March.
Although the court is moving to resolve the matter as quickly as possible, for now, the vessel isn’t going anywhere.
The Suez Canal Authority (SCA) lodged the $1.2 billion dispute against the Japanese owner for compensation.
The Japanese ship at the centre of the drama
The Japanese company that owns the ship, Ever Given, that is at the centre of the investigation.
The 400-metre ship was on its way to the Dutch port of Rotterdam when it slammed into the bank of the Suez Canal.
The ship had over 18,300 containers on board at the time of the collision.
It became lodged in the southern end of the busy shipping passage and remains in a lake between two stretches of the canal.
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