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Commentary: Suez Canal incident reveals why global trade depends heavily on shipping with few alternativesWhile the ship in the narrow Suez Canal may be cleared soon, the financial repercussions and serious discussions of alternatives are just ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Lloyd's of London sees 'large loss' due to Suez Canal blockageLONDON :The blockage of the Suez Canal for nearly a week will result in a 'large loss' for Lloyd's of London, its chairman said on Wednesday, as ... tanwan can help
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Suez Canal chief: Vessel impounded amid financial disputeEgyptian authorities impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner, the canal chief and a judicial official said Tuesday. Lt. Gen. Osama Rabie said the hulking Ever Given would not be allowed to leave the country until a compensation amount is settled on with the vessel's Japanese owner, Shoei Kisen Kaisha Ltd.
Source: YahooSG - 🏆 3. / 71 Read more »
Oil prices rebound on fears Suez Canal blockage may last weeksOil prices bounced back on Friday from a plunge a day earlier on concerns that a large container ship that ran aground in the Suez Canal may block ... Calm down people, you can still go around the Horn of Africa. LoL.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japanese owner of container ship stuck in Suez Canal says received no compensation claimsShoei Kisen, the Japanese owner of a giant container ship which stuck and blocked the Suez Canal for almost a week, has not received any claims or lawsuits to seek compensation for damages from the blockage, a company official said on Tuesday. 'There have been no claims or lawsuits against our company related to the incident,' Yumi Shinohara, deputy manager at Shoei Kisen's fleet management department, told Reuters by phone. 'We are still investigating the cause of the incident and the cost including insurance payment and potential compensation for damage,' she said, without elaborating.
Source: YahooSG - 🏆 3. / 71 Read more »