BIG BOAT SAYS BYE

Giant Ship Dislodged From Suez Canal FINALLY Sets Sail

Egypt reached a financial settlement with the ship’s Japanese owner, allowing the vessel to finally leave Egyptian waters.

The Ever Given is finally going home. Egypt had seized the ship after dislodging it from the canal in March, where it had been stuck for a week. But it took another three months for Egypt to reach a financial settlement with Shoei Kisen Kaisha, the ship’s Japanese owner, over the global catastrophe. The unprecedented incident led to a global cargo shortage, forcing hundreds of ships to delay their trips and requiring a flurry of tugboats to work to free the vessel. The financial terms of the settlement were not disclosed, but local reports said the canal would be awarded a tugboat along with an unspecified monetary sum. “A deal that achieved justice and prioritized both parties’ interests has been reached,” Lt. Gen. Ossama Rabei, the head of the Suez Canal said, according to the Associated Press. “It ended a crisis that lasted for more than three months.”