The last of the ships stuck by the grounding of the giant container ship Ever Given passed through the Suez Canal on Saturday.
It ended a backlog that started building up on March 23.
The last 61 of 422 ships that had joined the queue by the time the vessel was dislodged last Monday passed through the vital trade artery, the Suez Canal Authority said.
International supply chains were thrown into disarray when the 400-metre Ever Given ran aground in the canal.
Specialist rescue teams took almost a week to free her after extensive dredging and repeated tugging operations.
In total, 85 ships had been due to pass through the canal on Saturday including 24 ships that arrived after the Ever Given was dislodged, the SCA said.
Egypt said it may seek about $1 billion in compensation for losses incurred during the stoppage.
The figure is an estimate of lost revenue linked to transit fees, damages incurred during the dredging and salvage efforts and the cost of the equipment and labour, Suez Canal Authority chairman Admiral Osama Rabie told local television channel Sada Elbalad.
He did not specify from whom the authority would seek compensation.
“This is the country's right,” Admiral Rabie said.
The incident, he said, hurt Egypt’s reputation.
“This country should get its due.”
An investigation by the canal authority began on Wednesday to look into what caused the vessel to run aground and block the waterway.
"The investigation is going well and will take two more days, then we will announce the results," Admiral Rabie said.
Two officials of the Suez Canal Authority accused the ship's captain of manoeuvring incorrectly, leading to the giant vessel getting stuck.
"The wrong manoeuvre coincided with a dust storm and strong winds. all of which led to the loss of visibility and the ship stranding, but the weather factors were not fully responsible for the accident," a canal official told the Italian news agency Nova.
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Name: Mamo Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua Based: Dubai, UAE Number of employees: 28 Sector: Financial services Investment: $9.5m Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. Game Changer
Director: Shankar
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A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
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