“Ever Given” owner reaches agreement with authorities
The owner of the container ship “Ever Given”, which wrecked in the Suez Canal in March, claims to have reached an agreement with the Egyptian Canal Authority on compensation. According to a representative of the Japanese owner Shoei Kisen and his insurer, it was possible to agree in principle on compensation for the blockade of the busy waterway that lasted for days.
Work is being done to get a signature as soon as possible. As soon as the formalities have been completed, the release of the ship detained by the authorities will be prepared. This initially asked for $ 916 million for recovery, repairs and lost revenue, but then went down to $ 550 million. Shoei Kisen had previously offered $ 150 million.
Both sides had argued in court about the seizure of the ship. Its decision was actually scheduled for last Sunday, but according to information from the judiciary, it was postponed to July 4th at the request of the owner in order to reach an amicable settlement.
The “Ever Given” ran aground on March 23rd in strong winds, tilted itself and blocked the canal for six days. Hundreds of ships could not pass the waterway, which severely disrupted global trade. The huge container ship was uncovered again on March 29 and has since been anchored in a lake between two canal sections based on an Egyptian court ruling.