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Egypt has taken what ever existed and now desires greater than $ 900 million for the blockade that the ship prompted on the Suez Canal

UK Club, one of Ever Given's insurers, said the claim was "largely unsupported".

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April
14, 2021

3 min read

Egypt has confiscated the Ever Given and, according to CNN, has demanded over $ 900 million in compensation for the blockade the container ship caused on the Suez Canal last month.

An Egyptian court ruled that Shoei Kisen Kaisha, the ship's owner, had to cover the damage from the stalled sea traffic, maintenance fees and rescue costs.

The Ever Given ran aground on March 23 after being hit by a 40-knot wind in the middle of a sandstorm. The 224,000-ton ship, which is operated by the Taiwan-based shipping company Evergreen Marine Corp. operated, had carried cargo between Asia and Europe.

Related: Large container ship finally freed from the Suez Canal

At the time of the incident, Lloyd & # 39; s List estimated that the blockage would cause $ 9.6 billion worth of daily maritime traffic. At least 185 ships, including 10 tankers with 13 million barrels of crude oil, stood still as a result.

"We are determined to keep working hard to resolve this situation as soon as possible," said Shoei Kisen Kaisha in a statement following the news of the Ever Given's predicament. "We apologize to all parties involved in this incident, including ships that are traveling and planning to pass through the Suez Canal."

By the time the container ship was freed from the banks of the canal on March 29, more than 400 ships were stranded. The Suez Canal Authority (SCA) has since confiscated the cargo and arrested the crew of 25 nationals, even though the ship itself was later declared safe to sail through the canal.

"The SCA's decision to arrest the ship is extremely disappointing," Ian Beveridge, CEO of the ship's technical manager, Bernhard Schulte Shipmanagement (BSM), told CNN in a statement. "From the beginning, BSM and the crew on board have worked fully with all authorities, including the SCA and their respective investigations into grounding … The main goal of BSM is a speedy resolution of this matter that will allow the ship and crew to depart the Suez Canal. "

One of Ever Given, UK Club's insurers told the outlet that talks were ongoing about the SCA's claim for $ 916 million.

"Despite the scale of the request, which was largely unsupported, the owners and their insurers have negotiated in good faith with the SCA," the UK Club said in a statement, adding that April 12 was a carefully considered and generous Offer has been made to SCA to settle its claim. "They also argued that the SCA did not provide a" detailed rationale for this extraordinarily large claim. "

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