The 'Ever Given' container ship blocking transit along the Suez Canal in Ismailia, Egypt, on Sunday, March 28, 2021. (Photo: Islam Safwat/Bloomberg)
After days of blocking one of the world's key trade routes, the chartered Ever Given cargo ship that blocked the Suez Canal is now afloat, allowing for the normal resumption of traffic.
However, the potential for thousands of insurance claims to arise from the crisis that upended global trade has not floated away.
Taiwan's Evergreen Line, which chartered the Ever Given, says Japan's Shoei Kisen Kaisha Ltd — the ship's owner — is responsible for any losses. The shipowner has taken some responsibility but says charterers need to deal with the cargo owners. The Suez Canal's own policies suggest it's not to blame, even if its pilots were at the helm of a ship that ran aground.
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