Egypt Seizes Ever Given Ship in Suez Canal and Demands $916 Million USD

Egyptian authorities have seized the giant Ever Given cargo ship that blocked the Suez Canal for nearly a week last month and are demanding $916 million USD in losses to secure its release.UK Club, one of the insurers for the Ever Given's owners, said in a statement on Tuesday that it was "disappointed" by the impounding of the ship, and that the owners of the massive boat had received a claim from the Suez Canal Authority (SCA) on April 7 for a sum of $916 million USD."Despite the magnitude of ...