UK Club News

Seized Suez Ship Declared Fit for Onward Passage (Once Compensation Is Paid)

CAIRO – The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical manager said on Wednesday. The Ever Given was …

Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal

LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars. International supply …