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

Malaysia / 2mth

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

Malaysia / 6mth

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

Business / 2y

Ensure adequate, timely funding for Sabah after port policy change: Jeffrey

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM

Business

Ringgit holds firm against major currencies as markets await key US inflation data

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business

Kami Builders secure RM300 million ASEAN sustainability sukuk, channels Islamic capital into QIU campus development

Business

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Business

AI should support human thinking, not replace it - MDEC CEO

Business

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision