Thanks to the signing of a settlement deal between the Suez Canal Authority and vessel owners Shoei Kisen Kaisha Ltd., the Ever Given will be seen off on Wednesday in a ceremony attended by dignitaries, diplomats and company officials from around the world.

Neither side has commented on the size of the settlement or provided other details. One stakeholder said it was near the $550 million mark—the new figure that had been presented in revised court documents. He declined to be more specific, however, citing confidentiality agreements relating to the money issue.

Source: AJOT