The huge container ship that blocked the Suez Canal for nearly a week earlier this year finally reached the port of Rotterdam in the Netherlands on Thursday to begin unloading its cargo.
As dawn broke over the sprawling port, the Ever Given eased into the Amazonehaven container terminal months later than originally planned.
The Panama-flagged vessel was heading for Rotterdam when it plowed into the sandy bank of a single-lane stretch of the canal about 6 kilometers (3.7 miles) north of the southern entrance, near the city of Suez on March 23.
A massive salvage effort freed the skyscraper-sized vessel six days later, allowing a traffic jam of hundreds of waiting ships to pass through the canal.
Earlier this month, the Ever Given left the canal’s Great Bitter Lake, where it had been held for over three months amid a financial dispute. It was freed to continue its voyage after the ship's Japanese owner, Shoei Kisen Kaisha Ltd., reached a compensation settlement with canal authorities following weeks of negotiations and a court standoff.
The Dutch port said the vessel is expected to remain in Rotterdam until Aug. 5, when it will head for the English port of Felixstowe.
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Paramount, Maersk, Starbucks, Uber, Lyft and Beyond Meat.
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
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Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
