Thursday, July 7

Egypt keeps Ever Given withheld due to lack of agreement to compensate Suez Canal


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Almost three months later, the famous mega-ship Ever Given, the ship of 220,000 tons and 400 meters in length who blocked the Suez Canal for six days at the end of March, is still being held with his crew on board in Egyptian waters.

The Suez Canal Authority (SCA), which had initially demanded compensation of $ 916 million To cover salvage work, reputational damage and lost revenue, it has lowered its demands to $ 550 million.

After more than two weeks of arduous and intense negotiations, the owner of the ship, the Japanese company Shoei Kisen, has submitted a new offer higher than the initial one of 150 million dollars, according to the negotiating parties cited by Reuters.

Even more optimistic has been one of the main Ever Given insurers, Grupo Internacional P&I Club -based in the United Kingdom and which is an insurance mutual made up of shipowners that draw on a working capital in the event of catastrophes-, which hopes to reach an agreement soon.

Adding to the give and take of the negotiations between the Egyptian authorities and the ship’s owners for compensation for the Suez Canal is the postponement until July 4th of the expected sentence by the Egyptian justice to give more time to the parties to reach an amicable agreement. At the moment, little is known about the situation of the crew – of Indian nationality -, collateral victims of the arrest of Ever Given.

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