container ship News

Dislodged Ship Held in Suez Canal as Talks Continue Over $916M Claim

CAIRO — A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’s Japanese owner, one of the vessel’s insurers …

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

LONDON/LOS ANGELES — A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say. Dozens of container …

Lloyd’s of London Sees ‘Large Loss’ Due to Suez Canal Blockage

LONDON — 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 the insurance market recorded a 900 million pound ($1.2 billion) pretax loss …

With Ship Now Freed, a Probe Into Suez Canal Blockage Begins

SUEZ, Egypt (AP) — Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal …

The Giant Ship Blocking the Suez Canal Is Finally Freed

The giant vessel that’s blocked the Suez Canal for almost a week was pulled free from the bank, a major step toward getting ships moving again along one of the world’s most important trade arteries. The stoppage caused a tailback …

Stranded Suez Ship’s Owner, Insurers Face Millions in Claims

LONDON — The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totaling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday. The 400-meter, 224,000-tonne …

Tugs Work to Free Giant Container Ship Stranded in Suez Canal

CAIRO — The shortest shipping route from Europe to Asia remained blocked on Wednesday as eight tug boats struggled to free one of the world’s largest container ships after it ran aground in the Suez Canal. GAC, a Dubai-based marine …

Chevron Spills 800,000 Gallons of Oil, Water in California

SACRAMENTO, Calif. — Officials began to clean up a massive oil spill Friday that dumped nearly 800,000 gallons of oil and water into a California canyon, making it larger — if less devastating — than the state’s last two major …