Samy Magdy

Associated Press

In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is anchored in Egypt's Great Bitter Lake. An Egyptian appeals court on Sunday, May 23, 2021, said it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the the seizure of the massive Ever Given that blocked the waterway in March. The authority and the ship's owners are in dispute as to whose fault it was that the ship ran aground and how much compensation should be paid.

Court Kicks Back Suez Ship Case

At first, the Suez Canal Authority demanded $916 million in compensation, which was later lowered to $550 million.

In this file photo, the Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake.

Suez Canal Chief: Vessel Impounded Amid Financial Dispute

The hulking Ever Given will not be allowed to leave until a compensation amount is settled on with the vessel's Japanese owner.

Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake Tuesday, March 30, 2021.

Experts Examine Bottom of Ever Given

Reports indicate "slight to medium" damage of the vessel that halted traffic in the Suez Canal.

In this photo released by Suez Canal Authority, the Ever Given, a Panama-flagged cargo ship, is pulled by one of the Suez Canal tugboats.

With Ship Now Freed, Suez Canal Blockage Probe Begins

Questions remain regarding the ship's operation, who is responsible for potential damages, and recovering lost revenues from the delay.

In this photo released by Suez Canal Authority, the Ever Given, a Panama-flagged cargo ship, is pulled by one of the Suez Canal tugboats, in the Suez Canal, Egypt on Monday, March 29.

Massive Ship Freed in Suez Canal

It remains unclear, however, when traffic through the vital maritime artery will return to normal amid a backlog of at least 367 vessels.

This photo released by the Suez Canal Authority shows the Ever Given, a Panama-flagged cargo ship, after it become wedged across the Suez Canal and blocking traffic.

Stuck Ship Weakens Shipping Worldwide

It's estimated that $9 billion in goods are disrupted each day the Suez Canal is closed.