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Says Stann Marine

Agreement in principle reached over Suez Canal ship

Ismaila - A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal authority. Work was under way to finalise a signed settlement agreement as soon as possible and arrangements for the release of the "Ever Given" vessel would be made after formalities had been dealt with