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Egypt to release ship that blocked Suez Canal after owners agree to compensation deal

Egypt will release the container ship that blocked the Suez Canal in March, after it agreed a compensation deal with the vessel's owners and insurers.
 
The two sides said the Ever Given would be allowed on Wednesday to leave the Great Bitter Lake, the canal's midway point, where it has been impounded.
 
The deal's terms were not revealed, but Egypt had demanded $550 million.
 
The ship became wedged across the canal after running aground amid high winds.
 
                         


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