Japanese-owned, Taiwanese-operated and Panama-flagged ship moved to unobstructive anchorage in Suez Canal, after it was freed on March 29, “due to its failure to pay $900 million” compensation to waterway authorities.
Egypt's Suez canal Authority warns the ship and its cargo will not be allowed leave if the issue of damages goes to court.
When blame gets assigned, it could turn into years of litigation over the costs of repairing the ship, fixing the canal and reimbursing those who saw their cargo shipments disrupted.
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