Suez Canal continues to keep millions of dollars in product blocked by many European companies

Companies are forced to endure an extended legal battle in hopes of recovering goods worth hundreds of millions of dollars left on the ship seized for months.

IKEA and Lenovo are some of the companies with products blocked on the Japanese-owned ship that blocked the Suez Canal for six days in March.
Smaller firms as bicycle producer in the United Kingdom Pearson 1860 also have important products for their business, stuck on board.

“We don't hold much hope of seeing our stock this year and although it's secured in transit, there seems to be little chance of seeing a solution for months, or worse, by“, said “Director Pearson 1860x3>.
His business has products worth over $100,000 on board.
IKEA told CNN Business that there is a variety of products aboard the ship, but refused to provide further specifications regarding the shipment. Lenovo also confirmed that there are cargo on the ship, while a spokesman said the company “is considering how to recover goods“.

An Egyptian court confiscated Ever Given and its cargo containers after the Suez Canal authority filed an initial compensation requirement of $916m against the Japanese ship's owner, Shoei Kisen Kaisha for the damage and losses caused when the ship crashed into a narrow section of the canal, causing traffic jams.