Americans need to understand the Middle East
How much do we really know?

At The Media Line, we value all points of view and aim to mend our differences through fact-based narrative-inclusive journalism Help support our bold and brave team in Afghanistan, Gaza, Israel, Palestinian Territories, the UAE, and beyond.
Help us continue our work and provide access to the news that matters to you.

Thank you and best wishes to you and yours for this Jewish New Year.
 
Felice Friedson
Founder, President
Suez Canal Authority, Owners of Ship That Blocked Canal Reach Settlement
Ever Given container ship, operated by the Taiwanese shipping company Evergreen, runs aground in the Suez Canal on March 23, 2021. (Twitter)

Suez Canal Authority, Owners of Ship That Blocked Canal Reach Settlement

The container ship Ever Given, which became lodged in the Suez Canal on March 23 and blocked the waterway for six days, will be allowed to leave Egypt on July 7 after its owners and insurers reached a settlement on Sunday in a compensation dispute with Egypt’s government-owned Suez Canal Authority (SCA). The SCA has held the Ever Given and its crew in the Great Bitter Lake, which forms part of the canal, since the ship was dislodged on March 29. The settlement will be signed in a ceremony on Wednesday. The SCA initially sought $916 million in compensation for salvage costs, reputational damage and lost revenue, later lowering its demand to $550 million. No details were released on the terms of the final settlement. SCA Chairman Osama Rabie said Sunday that, despite the Ever Given accident, canal revenue was up 8.8% in the first six months of 2021 compared to the same period last year, and reached $3 billion.

Did you know we’re celebrating our 20th Anniversary as the 1st American News Agency exclusively covering the Middle East?

  • The Middle East landscape is changing rapidly.
  • The roads in the region open to new possibilities.
  • The Media Line continues to pave the way to a far greater understanding of the region’s land, people, policies and governments through our trusted, fact-based news.

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Please make your gift today.
Thank you!

We paved the way to be the Trusted Mid East News you can rely on!

We’re an independent, ad-free, non-profit news agency and rely on friends like you!

Invest in the
Trusted Mideast
News source.
We are on the
front lines.

Personalize Your News
Upgrade your experience by choosing the categories that matter most to you.
Click on the icon to add the category to your Personalize news
Browse Categories and Topics
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.
Wake up to the Trusted Mideast News source Mideast Daily News Email
By subscribing, you agree to The Media Line terms of use and privacy policy.