Business

Megaship that blocked Suez heads back to Asia

MV Ever Given unloads cargo in Britain, now on its way to China

Updated 4 years ago · Published on 22 Aug 2021 8:00AM

Megaship that blocked Suez heads back to Asia
The MV Ever Given sailing in open waters accompanied by Egypt-flagged tugboats. – SCA Twitter pic, August 22, 2021

CAIRO – A super tanker that blocked the Suez Canal is heading back to Asia, authorities said, five months after it became wedged across the vital waterway and crippled world trade.

The MV Ever Given had “successfully crossed” the canal after unloading its cargo in Britain and is now on its way to China, Suez Canal Authority chief Osama Rabie said on Friday.

Rabie said that the vessel’s passage on Friday was overseen by “senior” guides of the authority.

The vessel was seen sailing in open waters accompanied by Egypt-flagged tugboats in aerial video footage posted on the SCA’s Twitter account.

The Ever Given – a behemoth with deadweight tonnage of 199,000 – got stuck diagonally across the canal during a sandstorm on March 23.

A round-the-clock salvage operation took six days to dislodge it.

After it was freed, Egypt seized the ship and demanded compensation from owners Shoei Kisen Kaisha for lost canal revenues, salvage costs and damage to the waterway.

The Taiwanese-operated vessel steamed out of the Suez last month after the Japanese owners reached a compensation deal with Egypt.

The terms of the deal were not disclosed publicly but Egypt had originally demanded more than US$900 million (RM3.8 billion) in compensation, which it later reduced to US$550 million.

One employee of the SCA was killed during the rescue operation.

In May, Egypt’s President Abdel Fattah al-Sisi approved a two-year project to widen and deepen the southern part of the waterway where the ship ran aground to avoid any repetition of the crisis.

Egypt, which takes a toll from ships traversing the canal, said the crisis cost it as much as US$15 million per day, while maritime insurers estimated the hit to world trade to be in the billions.

Last month, the SCA’s Rabie said the canal netted Egypt a record US$5.84 billion in the last tax year, despite the impact of the coronavirus pandemic on world trade plus the cargo ship’s blockage. – AFP, August 22, 2021

Related News

Business / 5h

Port businesses badly hit by uncertainty over commingled oil tax – maritime expert

Malaysia / 4mth

PPC closely monitoring global shipping conditions amidst escalating tensions in Middle East

Malaysia / 8mth

Boat capsize: Another body found, bringing the total to 27

World / 1y

Israel, Hamas reach ceasefire deal for January 19

Malaysia / 1y

Russian yacht swept aground in Kuala Oya due to strong waves

Malaysia / 1y

Sabah traders shelve plans to raise import prices

Spotlight

Malaysia

Sarawak schools told to halt outdoor activities as haze pushes air quality into unhealthy range

World

Indonesia haze forces schools to close as wildfires intensify amid severe dry season

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Female student arrested for allegedly hurting classmate with kerambit at school

World

Colombia quake death toll hits 111 as rescue teams race to find survivors

World

Trump secretly switched to third aircraft in Türkiye over Iran assassination threat

Malaysia

Anwar questions PN’s priorities after Tabung Haji RCI walkout

Malaysia

MACC, police probing TH after RCI findings as govt warns no one will be spared

By Alfian Z.M. Tahir

You may be interested

Business

Fatal Red Sea attacks spark fresh oil price spike despite diplomatic talks

Business

Govt tightens import controls to protect consumers and ensure fair competition

Business

Port businesses badly hit by uncertainty over commingled oil tax – maritime expert

Business

Oil holds above US$82 as Trump demands cloud Strait of Hormuz reopening

Business

Jobless numbers rise despite unemployment rate holding at 3% - DOSM

Business

Nation’s wholesale and retail trade surges 10.1% to RM168.5 billion