Egypt ‘Seizes’ Ever Given Megaship, Demands Nearly $1Bn Compensation

By Mohammed Abu Zaid

Suez Canal chiefs on Tuesday implemented an Egyptian court order to seize the giant cargo ship that blocked the waterway for almost a week in March.

The Suez Canal Authority (SCA) is claiming $916 million in compensation for lost revenue, damage to the canal, equipment and labor used to free the ship,...