Early agreement reached in dispute over Suez Canal ship

The Ever Given ship carries cargo between Asia and Europe (Mohamed El-shahed/AP)

The owners and insurers of the giant container ship that blocked the Suez Canal for nearly a week earlier this year have reached an agreement in principle over their dispute with canal authorities, representatives from both sides have said.

Stann Marine, the lawyers representing the vessel’s owners and insurers, and a spokeswoman for the Suez Canal Authority both confirmed the development. Neither would elaborate on what the agreement would entail.