Ikea and Lenovo are among dozens of retailers with stock still stuck on the Ever Given cargo ship two months after it was removed from the Suez Canal.
The Ever Given, which blocked the Suez Canal for six days in March incurring billions of dollars of lost trade, is now caught up in an extended legal battle with Egyptian authorities.
According to CNN, furniture giant Ikea, electronics company Lenovo, and numerous smaller independent retailers including UK bicycle maker Pearson 1860 and blanked retailer Snuggy UK are among the many companies still awaiting goods worth hundreds of thousands of dollars.
Among the 18,300 cargo containers now stuck in Limbo are $550,000 worth of Snuggy’s best selling blankets and around $100,000 worth of bicycle products which Pearson 1860’s chief executive Will Pearson says he has “little chance of seeing” for months if not years.
Egyptian authorities have impounded the Ever Given in the Suez Canal’s Great Bitter Lake after filing a $916 million compensation claim against the ship’s Japanese owners Shoei Kisen Kaisha.
Under a maritime law called “general average” companies with cargo on the ship could be forced to help foot the monumental damages bill.
The law requires parties involved in the voyage to proportionately share the costs in the event of a loss, with the total value of goods on the ship estimated to be between $600 and $700 million.
Companies are also reportedly being left in the dark about the ongoing legal battle, but Pearson added that there was an “ongoing shift of blame and insurance wrangling taking place between the ship owners, Evergreen and the Suez Canal authorities”.
Neither the Suez Canal authorities of Shoei Kisen Kaisha responded to requests for comment.