No lawsuits or claims for Suez blockage yet, shipowner says

Traffic in Suez Canal resumes after stranded ship refloated

Experts dived under a colossal container ship that had been stuck for almost a week in the Suez Canal before it was freed, to examine the vessel's underside, officials said Wednesday.

Ships are slowly moving through the Suez Canal again after the Ever Given cargo ship was freed.

The probe will examine the vessel's seaworthiness and the crew's actions.

The canal was reopened for traffic Monday directly after the Ever Given was anchored at the Great Bitter Lake.

Salvage teams succeeded in finally freeing the skyscraper-size vessel on Monday afternoon.

More than 140 ships have passed through the canal since it was unblocked, as the SCA attempts to clear a traffic jam of some 400 vessels to the north and south. The owners and insurers of the ship could be looking at claims totalling millions of dollars, Reuters reported.

However, the SCA adviser complained in an interview with Egypt's ON TV on Tuesday that the vessel had failed to respond to an emailed request for it to send over all relevant documents.

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Rabie has suggested that the weather and human error could have played a role in grounding the Ever Given.

He said the navigation of the ship would depend on "several legal and procedural" measures that the canal authority would discuss with the Ever Given's operator. The ship was stuck in the waterway for nearly a week.

The chairman of Lloyd's of London said on Wednesday that the blockage would result in a "large loss" for the leading insurance market.

Mr. Ricafort said that transport and shipping costs for some Philippine exports and imports will increase due to the delay to ships undertaking longer-than-expected voyages.

"It's also about where assets are placed around the world".

"This poses a risk to supply chains given that this time period is close to the inventory days for some manufacturers and will have a ripple effect on many others", Ms. Zhou was quoted as saying in Wood Mackenzie's Asia Pacific Energy Buzz blog.

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