ISMAILIA: An Egyptian court has lifted the detention order on the Ever Given container ship, allowing its expected release from the Suez Canal on Wednesday, a lawyer and judicial sources said.
The Ever Given’s owners and insurers announced on Sunday that they had reached a settlement with the Suez Canal Authority (SCA) over compensation for the ship becoming grounded in March and blocking traffic in the waterway.
The ship has been held under court order in a lake between two stretches of the canal since it was dislodged on March 29 as the SCA pushed for compensation from its Japanese owner Shoei Kisen and its insurers.
Ahmed Ali, a lawyer representing Shoei Kisen, on Tuesday said he had been informed of the decision to lift the order.
The SCA has announced that the ship will be allowed to sail on Wednesday, when a ceremony will be held to mark its departure.
The 400 meter (430 yard) vessel, one of the world’s largest container ships, will be accompanied by two tugs and two senior canal guides, Suez Canal sources said.
Ever Given’s Suez Canal detention order lifted, says lawyer
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Ever Given’s Suez Canal detention order lifted, says lawyer
- The ship has been held under court order in a lake between two stretches of the canal since it was dislodged on March 29
DP World announces new leadership appointments
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
