Wednesday, July 24, 2024
HomeNEWSINTERNATIONALSUEZ CONTAINER SHIP RELEASED

SUEZ CONTAINER SHIP RELEASED

Egypt is to release the huge Ever Given countainer ship which blocked the Suez Canal back in March, after an undisclosed settlement was agreed between the vessel’s insurer and the Suez Canal Authority (SCA).

Impounded in the Great Bitter Lake at the Suez Canal’s mid-point ever since being refloated more than four months ago, the Ever Given is due to set sail for Europe this week. Its original destinations were Rotterdam, Felixstowe and Hamburg for cargo valued at $775m encapsulated in 18,000 containers.

At the first port of call, Netherlands-based Yamaha Motor Europe will no doubt be extremely grateful for eventual delivery of the large number of motorcycles and parts it had on board, which were supposed to have been early-season dealer stock. Other Far Eastern bike manufacturers may be breathing a sigh of relief too.

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