Egypt seizes Suez Canal ship 'Ever Given' pending $900 mn compensation

Company that owns vessel says the crew is still on board the ship, which is now in Great Bitter Lake, about halfway along the canal.

Egypt seized a giant container vessel that closed off the Suez Canal last month as it sought compensation of over $900 million for the blockage.

A court in the city of Ismailia granted the request regarding the Ever Given vessel at the behest of the Suez Canal Authority, state-run Ahram Gate reported on its website. It did not say who the SCA wants compensation from.

The ship’s insurer for third-party losses, the U.K. P&I Club, said in a statement that the owner received a claim for $916 million, the size of which is “largely unsupported.” It said it was disappointed