The Ever Given has been released, more than 3 months after it first got stuck, following a protracted fight for compensation with Egypt

The Ever Given has been released, more than 3 months after it first got stuck, following a protracted fight for compensation with Egypt

Egypt released the Ever Given from its anchorage in the Suez Canal on Wednesday after agreeing a compensation deal. The ship was the object of a protracted legal battle between its owners, Japanese company Shoei Kisen Kaisha, and the Suez Canal Authority (SCA) ever since its seizure on April 13. The ship, which was carrying nearly 20,000 containers, had been impounded by the SCA after it was , where it had spent six days blocking a crucial international shipping route. Egypt initially asked , a demand that was whittled down in the following weeks. The ship's owner's counter-offer to that initial demand was $150 million, . Details of the final deal between the SCA and the ship's owners have not been made public. However, people close to the negotiations that the preliminary compensation deal, struck in late June, called for $200 million and a tugboat. Dustin Eno, a spokesman the UK Club, which insures the Ever Given, declined to provide details of the deal. According to the WSJ, the ship's departure from the port of Ismailia "” the nearest city to where the ship got stuck "” will be broadcast live on Egyptian TV. The passage would be marked with