Ever Given leaves Suez Canal after settlement contract signed

He said that negotiations were difficult but all sides were willing to reach a deal, without giving any details about the exact amount of compensation.

Rabei added that the canal will receive a tug boat with a pulling capacity of about 75 tons as part of the settlement contract.

He explained that the ship blockage of the waterway caused many problems in several ports around the world and resulted in negative impacts on the Suez Canal traffic.

"Egypt was keen on reaching a suitable settlement that ensures the SCA compensation along with preserving good relations with the ship's owner, operator and insurer company," Rabei said.