No lawsuits or claims for Suez blockage yet, shipowner says

A ship is seen after sailing through Suez Canal as traffic resumes

A ship is seen after sailing through Suez Canal as traffic resumes

"The situation in the Suez Canal has returned to its place, we expect that within three days the traffic jam from the ships will be eliminated, movement will return to normal", al-Sisi, who is visiting the canal, said. "It showed and reaffirmed the reality and importance" of the canal, Sisi said as he greeted staff on a visit to the Suez Canal Authority in Ismailia. At least 113 container ships have passed through the Suez Canal that was blocked by a massive cargo container, chairman of the Suez Canal Authority (SCA) Osama Rabie said on Tuesday.

Salvage teams succeeded in finally freeing the skyscraper-size vessel on Monday afternoon.

Some 12 percent of the world trade volume passes through the Suez Canal.

However, the SCA adviser complained in an interview with Egypt's ON TV on Tuesday that the vessel had failed to respond to an emailed request for it to send over all relevant documents.

Rabie has suggested that the weather and human error could have played a role in grounding the Ever Given.

The ship, which was stuck at the Egypt coast for nearly a week, was straightened and sailed to the Great Bitter Lake for inspection, said Evergreen Marine Corp., a Taiwan-based shipping company that operates the ship.

Canal Authority the Ever Given a Panama-flagged cargo ship is accompanied

Investigations were ongoing to determine what caused the skyscraper-sized ship to become wedged across the canal.

The chairman of Lloyd's of London said on Wednesday that the blockage would result in a "large loss" for the leading insurance market.

Guy Platten, secretary general of the International Chamber of Shipping, told the BBC that it would take some time for the industry to recover from the blockage.

Knock-on effects to global shipping and at ports could take much longer to disentangle.

"All of this will ripple through the supply chain", he warned.

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