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Egypt seeks $1bn compensation for Ever Given crisis which blocked the Suez Canal for nearly a week

Egypt seeks $1billion compensation for Ever Given crisis which blocked the Suez Canal for nearly a week

  • Ever Given spent six days stuck in the canal after running aground on March 23
  • Compensation includes cost of the salvage operation and recuperation of losses
  • The ship could be held in the Suez Canal until the compensation is finalised

The Suez Canal Authority has said they plan on seeking $1 billion (£722 million) in compensation after the Ever Given ran aground and stopped all operations in the waterway for nearly a week.

The news was announced by the Suez Canal Authority (SCA) CEO Osama Rabie in a conversation with local broadcast Sada Elbalad on March 31. 

He said they plan to ask for $1 billion (£722 million) in compensation after the 400-metre cargo ship Ever Given, owned by Japanese company Shoei Kisen Kaisha, ran aground on March 23.

The Suez Canal Authority has said they plan on seeking $1 billion (£722 million) in compensation after the Ever Given ran aground and stopped all operations for nearly a week

The Suez Canal Authority has said they plan on seeking $1 billion (£722 million) in compensation after the Ever Given ran aground and stopped all operations for nearly a week

The Canal authority plan to ask for $1 billion (£722 million) in compensation to recuperate losses sustained when the Ever Given became stuck in the Suez canal for six days on March 23

The Canal authority plan to ask for $1 billion (£722 million) in compensation to recuperate losses sustained when the Ever Given became stuck in the Suez canal for six days on March 23

The Canal authority plan to ask for $1 billion (£722 million) in compensation to recuperate losses sustained when the Ever Given became stuck in the Suez canal for six days on March 23

The ship was trapped for six days before authorities finally managed to set it free.

The Ever Given is now about halfway through the canal in a holding lake called Bitter Lake as the SCA investigates.

All of the ship’s crew are reportedly cooperating and have offered all of the logs or information that has been asked of them.

The compensation sum includes the costs of the salvage operation, transit fees that were lost and the costs associated with stopping all traffic in the canal.

The Suez Canal is one of the busiest shipping lanes in the world as it creates the shortest distance for vessels to cross from the Indian Oceans into the Atlantic taking roughly 16 hours.

The compensation sum includes the costs of the salvage operation, transit fees that were lost and the costs associated with stopping all traffic in the canal

The compensation sum includes the costs of the salvage operation, transit fees that were lost and the costs associated with stopping all traffic in the canal

The compensation sum includes the costs of the salvage operation, transit fees that were lost and the costs associated with stopping all traffic in the canal

The Ever Given is now about halfway in a holding lake called Bitter Lake as the SCA investigates. All of the ship’s crew are reportedly cooperating and have offered all of the logs or information that has been asked of them

The Ever Given is now about halfway in a holding lake called Bitter Lake as the SCA investigates. All of the ship’s crew are reportedly cooperating and have offered all of the logs or information that has been asked of them

The Ever Given is now about halfway in a holding lake called Bitter Lake as the SCA investigates. All of the ship’s crew are reportedly cooperating and have offered all of the logs or information that has been asked of them

The ship was trapped for six days before authorities finally managed to set it free in an oepration involving tug boats and diggers

The ship was trapped for six days before authorities finally managed to set it free in an oepration involving tug boats and diggers

The ship was trapped for six days before authorities finally managed to set it free in an oepration involving tug boats and diggers

The Suez Canal is one of the busiest shipping lanes in the world as it creates the shortest distance for vessels to cross from the Indian Oceans into the Atlantic taking roughly 16 hours

The Suez Canal is one of the busiest shipping lanes in the world as it creates the shortest distance for vessels to cross from the Indian Oceans into the Atlantic taking roughly 16 hours

The Suez Canal is one of the busiest shipping lanes in the world as it creates the shortest distance for vessels to cross from the Indian Oceans into the Atlantic taking roughly 16 hours 

The other options would be to sail around South Africa’s Cape of Good Hope, a voyage that could take around 24 days to complete, or to use the Arctic shipping root, which would add 35 days to the trip

The other options would be to sail around South Africa’s Cape of Good Hope, a voyage that could take around 24 days to complete, or to use the Arctic shipping root, which would add 35 days to the trip

The other options would be to sail around South Africa’s Cape of Good Hope, a voyage that could take around 24 days to complete, or to use the Arctic shipping root, which would add 35 days to the trip

The other options would be to sail around South Africa’s Cape of Good Hope, a voyage that could take around 24 days to complete, or to use the Arctic shipping root, which would add 35 days to the trip. 

Local media said the vessel will be kept at the canal until all compensation matters are finalised as the case could go to court but Rabie said he doubts it will come to that.

A spokesperson from the Japanese company said they will discuss compensation fees with the SCA but have refused to give any further information.

The Taiwanese company Evergreen Marine Corp., which was the Ever Given’s charter, have said the accident was not their responsibility and doubt they will be sought for compensation.

Evergreen Marine President Eric Hsieh said there is very little chance of this happening.

Rabie told the local press that the case is also a matter of Egypt’s rights as their reputations has been tarnished after the incident.

The Ever Given had become jammed diagonally across a southern section of the canal in high winds early last Tuesday, halting traffic on the shortest shipping route between Europe and Asia. 

The bow of the Ever Given was finally dislodged from the channel’s bank on Monday and towed up the waterway after tugboats had straightened the vessel in an early-morning operation and dredgers had vacuumed away large chunks of sand.   

At least 400 vessels are waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) vessels by the time the Ever Given was freed on Monday.

The Canal reopened for shipping traffic in both directions of Monday evening after the waterway was checked for damage caused by the Ever Given.   

The Ever Given was back on its way in the Suez Canal today

The Ever Given was back on its way in the Suez Canal today

The Ever Given was being pulled by tugboats towards a wide stretch of water nearly a week after it got jammed in the Egyptian shore

The Ever Given was being pulled by tugboats towards a wide stretch of water nearly a week after it got jammed in the Egyptian shore

On the move: The Ever Given was back on its way in the Suez Canal on Monday, being pulled by tugboats towards a wide stretch of water nearly a week after it got jammed in the Egyptian shore in a blockage that strangled global trade 


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bourbiza

Bourbiza Mohamed. Writer and Political Discourse Analysis.

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