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Egypt will not release the huge container ship that blocked the Suez Canal until its owners agree to pay up to $1 billion in compensation while they investigate how the Ever Given got stuck and shut down one of the world's most important…
This event, which paralyzed the Suez Canal for a few days, marked a turning point in the maritime sector, not only in the increase of freight costs, but also in the new regulations to be adopted by shipping lines worldwide
Northern Europe's major container ports were eerily quiet over the weekend, due to the nearly week-long blockade of the Suez Canal by Ever Given.
The Chittagong Port Authority (CPA) in Bangladesh, is empowered to auction containers loaded with goods within 45 days from the date of disembarkation. The CPA then hands over these containers to the customs department, which is responsible…
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