Egypt seizes Suez megaship, demands compensation

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The megaship which blocked EgyptsSuezCanal and crippled world trade for nearly a week has been seized on court orders until the vessels owners pay $900 million, canal authorities said Tuesday. The 200,000-tonne MV Ever Given got diagonally stuck in the narrow but crucial global trade artery in a sandstorm on March 23, triggering a mammoth Read More



Source: Punch Newspaper