The Ever Given is finally FREE

The Ever Given Cargo vessel, Panama flagged cargo ship, with a Japanese owner Shoei Kisen Kaisha Ltd.) finally reached the deal on the price of blocking the Suez Canal with the Egyptian authorities on Wednesday.

Under the pandemic, this cargo vessel stalled at the Suez for over 3 months and is finally free to move onto its final destination with help, as a tugboat came to pull the ship out to the Mediterranean Sea. According to AP, “A deal that achieved justice and prioritized both parties’ interests has been reached,” Lt. Gen. Ossama Rabei, head of the Suez Canal said. “It ended a crisis that lasted for more than three months.”

Hundreds and thousands of ships behind it were equally stalled, waiting to pass through for at least a week, while some ships turned around to take other routes, like the Cape of Good Hope at South Africa. While the Ever Given ship was stuck in the Suez, some economic crisis concerns such as supply shortage and rising prices were experienced by the global economy, which was already suffering from the pandemic.

The Ever Given cargo vessel was directed to and stayed at the Great Bitter Lake in Egypt for more than 3 months due to the pending settlement issue with Egyptian authority. It is only now that the Ever Given will continue its way home, with $550 million paid to pass through.

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