Topic - Suez Canal Authority

Suez Canal Authority (SCA) is a state-owned authority which owns, operates and maintains the Suez Canal. It was set up by Egypt to replace the Suez Canal Company in the 1950s which resulted in the Suez Crisis. After the UN intervened, the 2 invading countries were forced to withdraw. - Source: Wikipedia

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FILE - In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake. The Suez Canal chief said Tuesday, April 6, 2021, that authorities are negotiating a financial settlement with the owners of the massive vessel that blocked the crucial waterway for nearly a week. (AP Photo/Mohamed Elshahed, File)

Egypt seeks settlement out of court for Suez Canal blockage

By SAMY MAGDY - Associated Press

This satellite image from Cnes2021, Distribution Airbus DS, shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt, Thursday, March 25, 2021. The skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said. (Cnes2021, Distribution Airbus DS via AP)

Plan made to refloat ship blocking Suez Canal using tide

By SAMY MAGDY - Associated Press