Settlement agreed over ship that blocked Suez Canal

A representative of the owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday that a formal settlement had been agreed with the canal authority to allow the vessel to be released. The Suez Canal Authority (SCA) 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 a 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 ...