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Electric vehicle start-up Fisker is exploring bankruptcy, The Wall Street Journal reported this week. Fisker’s stock plunged this week as investors worry about the company’s ability to survive amid a cash crunch. The auto company also said it would slash 15% of its workforce. The Wall Street Journal reported: Electric-vehicle startup Fisker FSR -55.88%decrease; red down pointing triangle has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter. Fisker, which recently warned that it risked running out of cash this year, hired financial adviser FTI Consulting and the law firm Davis Polk...

Taiwanese container shipping line Evergreen Marine Corp (長榮海運) has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa due to safety concerns, a customer note said. This is one of the first force majeures declared since Hamas launched attacks on Israel on Oct. 7 and amid preparations by Israel’s military to launch ground operations into Gaza in retaliation. The Ever Cozy on Tuesday was sailing toward Haifa, data from ship tracking and maritime analytics provider MarineTraffic showed. Taiwanese container shipping line Evergreen Marine Corp (長榮海運) has declared force majeure...

BALTIMORE — The Ever Forward returned Friday to the Seagirt Marine Terminal in Baltimore to pick up its containers. The ship ran aground on March 13 in the Chesapeake Bay after leaving Baltimore. The 1,095-foot vessel, which could fit three football fields end to end, did not move for 35 days. A couple of attempts in March failed to free the ship. Crews tried dredging and push/pull tugboat operations. Then, from April 9-16, hundreds of containers were off-loaded from the stuck ship so crews could try for a third time to refloat it, the Coast Guard said. Crews then refloated...

ANNAPOLIS, Md. — The Ever Forward cargo ship is on the move again after being stuck in the Chesapeake Bay for more than five weeks. The U.S. Coast Guard told 11 News the ship is moving Sunday morning after it was stuck in the Chesapeake Bay off the coast of Gibson Island since March 13. SkyTeam 11 video showed at 9:10 a.m. seven tug boats towing the Ever Forward just under the Chesapeake Bay Bridge. Teams removed hundreds of containers from the ship in the past week before attempting for a third time to refloat the ship. Two barges were...

GIBSON ISLAND, Md. —A container ship is reported to be stranded off the coast of Gibson Island in the Chesapeake Bay. Marine Tracker lists the ship as the Ever Forward and that it is aground. It appears there are several tugboats out of Baltimore trying to assist.

A nearly 1,100-foot-long container ship ran aground Sunday night on its way out of the Port of Baltimore, and as of Monday the ship was still stuck with no indication of when it could be moved. Coast Guard Petty Officer First Class Stephen Lehmann tells Bay Bulletin the container ship Ever Forward, which sails under the Hong Kong flag, ran aground before 11 p.m. Sunday. No one was injured. The Evergreen Marine Corp. (also based in Hong Kong) ship was headed for Norfolk when it got stuck near the Craighill Channel. Ever Forward was built in 2020, is 1,050 feet...

ROTTERDAM, Netherlands—The Ever Given, the 1,300-foot container ship that became an internet meme after getting stuck in the Suez Canal, is now facing a new type of celebrity: tourist destination.

A year-long process to find the next president of The Evergreen State College came to a shocking conclusion Wednesday when the college’s Board of Trustees emerged from a three-hour meeting and announced that the three finalists for the job had withdrawn their names from consideration. Board of Trustees Chairwoman Karen Fraser said all three finalists — Michael Dumont, Catherine Kodat and Lee Lambert — withdrew following recent interviews with faculty, students, staff and alumni. “We’re still in a state of surprise and disappointment,” she said. “This is where we are at the moment.” The Olympian wasn’t privy to all the...

Suez Canal ship freed: Everything you need to know about the Ever Given drama The Ever Given was stuck for nearly a week, but now traffic can resume on the Suez Canal. You'll notice "Evergreen" is written across the Ever Given's body, but confusingly, that's branding for the Taiwanese company that operates the ship. Julianne Cona/Instagram After nearly six days lodged aground in the Suez Canal, the cargo ship Ever Given was finally freed Monday, according to CNBC and ship tracker Vessel Finder. Traffic in the waterway can now resume, the canal authority told Reuters. The Suez Canal is one...

“It is with utmost pleasure that we can confirm that the #Suez Canal Authority and staff have succeeded in re-floating M/V EVER GIVEN. She is currently underway to Great Bitter Lake. More information will follow on our profile. M/V EVER GIVEN is no longer #grounded,” the Leth Agencies said.

A huge container ship that has been stuck across the Suez Canal for almost a week has been freed from the shoreline, officials say. The course of the 400m-long (1,300ft) Ever Given has been corrected by 80%, according to the Suez Canal Authority. It added that further efforts to move the boat would resume later on Monday.

A shipping vessel that could clog the Suez Canal for weeks is the latest piece added to an ever-evolving conspiracy theory about former Secretary of State Hillary Clinton and other members of a so-called “deep state” and links to human trafficking. Communications channels where QAnon conspiracy theories spread were humming this week about a connection between Clinton and the quarter-mile-long ship that ran aground as high winds cut across the canal. Those seeped into mainstream social media as well, including posts on Facebook and Instagram, where users tied Clinton’s Secret Service codename to the ship and suggested its radio call...

"Egyptian President Abdel Fattah al-Sisi has ordered that the shipping containers should be removed from the huge Ever Given ship currently trapped in the Suez Canal." "Now al-Sissi has been left with no choice but to order preparations to unload the ship’s cargo in an attempt to help refloat the boat, according to a statement from the Suez Canal Authority (SCA), as per Reuters." "The rudder was not moving and it is now moving, the propeller is working now, there was no water underneath the bow, and now there is water under it, and yesterday there was a 4-metre deviation...

CAIRO - A giant container ship remained wedged sideways in the Suez Canal on Friday as signs of its potentially huge global economic toll emerged with shipping rates rising and cargo ships being rerouted away from the vital waterway. The Ever Given, a Panama-flagged vessel whose length is nearly the height of the Empire State Building, has been stuck in the canal since Tuesday, creating a massive traffic jam on both sides of the waterway that connects Asia to Europe. On Friday morning, the canal’s service provider, Leth Agencies, said in a tweet that the Ever Given “remains grounded in...

Days after the Ever Given became lodged in the canal, its rudder has been freed and dredging is complete. Some salvagers hope it could be freed this weekend, but the wait for shipping to resume continues. Egyptian authorities Wednesday were engaged in a complicated effort to dislodge a giant container ship stuck in the Suez Canal, blocking all traffic on one of the world’s busiest shipping arteries. The huge vessel got stuck in the canal sideways, with its bow wedged in one bank and its stern nearly touching the other, on Tuesday during a dust storm when wind speeds reached...

SUEZ, Egypt, March 27 (Reuters) – Efforts to dislodge a giant container ship blocking the Suez Canal had allowed its stern and rudder to move on Saturday, but it remained unclear when it could be refloated, the head of the canal authority said.

The number of vessels stuck in a traffic jam outside the Suez Canal rose to 200 Friday as recent efforts to free a cargo ship wedged between the Canal’s two banks failed. Dislodging the stuck ship, the Ever Given, could take up to a week, and the vessel can encounter structural issues while it remains stuck, a salvage expert told the Associated Press (AP). The Suez Canal handles approximately 12% of international trade. Its recent blockage threatens to harm the world economy and poses a disruption to global supply chains, CNBC reported.... The ensuing traffic jams forced several cargo ships...

‘We’ve offered U.S. assistance to Egyptian authorities to help reopen the canal,’ White House says

WASHINGTON (DTN) -- Crude and refined products futures on the New York Mercantile Exchange and Brent crude on the Intercontinental Exchange reversed higher in early trade Wednesday, with the international benchmark trading as much as 2% higher amid reports a massive Evergreen container ship ran aground in the Suez Canal, choking off passage through one of the world's busiest arteries for oil transit. The 200,000-tonne vessel en route from the Red Sea to the Mediterranean suffered an extensive blackout early Wednesday, causing the ship to turn sideways in the middle of the critical corridor for global oil trade, blocking both...

Port agent GAC said the stranded ship, Ever Given, had been partially refloated and moved alongside the canal bank.