News overnight reporting a settlement has been reached, and once signed and dotted Ever Given will be back underway. No amount mentioned, but seems to have been the old Mexican stand-off style of negotiations, the canal authority started off with the demand for US$900 mn, Shoei the vessel owner/insurers retorted with US$150 mn then the Egyptians watered down the amount US$550 mn. So presume the numbers somewhere in the lower hundreds of millions, but hundreds of customers will now be breathing a huge sigh of relief, as well as Evergreen to have their ship back in service in a market currently experiencing phenomenal freight rates. Possibly may recover the cost of the fine in a single voyage from Asia, and maybe the big $$$$'s now being earned incouraged Evergreen to contribute support a high settlement to get the ship back scoring its share of surging freight rates. Other reports have some rates 485% up on last year, Maersk shares at an all time high, and even Zim who have long battled financially and found it diffcult to attract investors, has seen its shares triple since January.