The Ever Given ship that famously blocked the Suez Canal earlier this year is finally leaving the waterway after a deal was signed.
The ship disrupted global trade when it became lodged back in March, having run aground amid high winds.
Now Egypt has signed a compensation deal with its owners and insurers, meaning the container ship can now set sail.
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Terms of the deal have not been disclosed, but according to the BBC, Egypt had demanded $550m (£397m).
The outlet reports that the Suez Canal Authority (SCA) has been seeking compensation from Shoei Kisen, the Ever Given's Japanese owner, for the cost of the salvage operation, along with damage to the canal's banks and other losses.
The 200,000 ton Ever Given ship came to a standstill on 23 March on its way to the Netherlands, having had an ETA of 31 March.
It ended up causing a huge backlog of traffic along the busy route.
At the time, Dr Sal Mercogliano told the BBC that the ship got lodged in the embankment and would have lost the power to steer.
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He explained: "This is the largest vessel ever to go aground in the Suez Canal.
"If they are unable to pull her free... in a high tide, they are going to have to start removing cargo."
Mercogliano added: "Every day, 50 vessels on average go through that canal, so the closing of the canal means no vessels are transiting north and south.
"Every day the canal is closed ... container ships and tankers are not delivering food, fuel and manufactured goods to Europe and goods are not being exported from Europe to the Far East."
Topics: World News, News