Ever Given Deal Reached
Jun, 23, 2021 Posted by Sylvia SchandertWeek 202126
A representative for the owners and insurers of the giant cargo ship Ever Given that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal authority.
Work was underway to finalize a signed settlement agreement as soon as possible and arrangements for the release of the Ever Given vessel would be made after formalities had been dealt with, Faz Peermohamed of Stann Marine said in a statement.
The Ever Given container ship has been anchored in a lake between two stretches of the canal since it was dislodged on March 29. It had been grounded across the canal for six days, blocking hundreds of ships and disrupting global trade.
The Suez Canal Authority (SCA) demanded $916 million in compensation to cover salvage efforts, reputational damage, and lost revenue before publicly lowering the request to $550 million.
The Ever Given’s Japanese owners, Shoei Kisen, and its insurers have disputed the claim and the ship’s detention under an Egyptian court order.
Source: GCaptain
To read the full original article, access the link below:
-
Ports and Terminals
Jan, 17, 2023
0
Port of Salvador container terminal achieves record productivity
-
Ports and Terminals
May, 13, 2021
0
Uruguay beef exports via Brazil’s port of Rio Grande increase ten-fold
-
Other Cargo
May, 02, 2025
0
Honey Exports Soar and Paraná Rises to Second Place in Brazil
-
Ports and Terminals
Dec, 03, 2019
0
Study indicates that THC prices released by shipowners are in line with those practiced in major Brazilian port complexes