Abstract:The grounding of M/V Ever Given in the Suez Canal for six days led to an unprecedented perturbation to the supply chain of the maritime sector. Specifically, the sudden closure of the canal resulted in the delay of hundreds of vessels and subsequently to enormous claims and even, in some cases, loss of cargo. The M/V Ever Given was later impounded by Egyptian authorities for an initial claim of $916 million and was released after three months when the Egyptian government and the managing company reached an agr… Show more
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