The statement came after the Suez Canal Authority said it wasn t responsible for the incident.
The ship is still stuck in Egypt until its owners reach an agreement with the Authority.
CAIRO (Reuters) - The speed of a container ship that blocked the Suez Canal in March was controlled by the Egyptian waterway s operator before it ran aground, the vessel s insurer said on Thursday.
The statement from UK Club came after the head of the Suez Canal Authority said the ship was sailing too fast when it became grounded, but that the canal bore no responsibility.
The Ever Given, one of the world s largest container ships, is still being held in the canal while both sides continue compensation talks. It became jammed in high winds on March 23, halting traffic in both directions for several days and disrupting global trade.
Photo by Samuel Mohsen/picture alliance via Getty Images
The owner of the Ever Given has said the Suez Canal Authority is to blame for the ship s grounding.
The vessel was wrongly instructed to enter the canal amid poor weather conditions, say lawyers.
The ship s owner is seeking $100,000 in initial compensation for losses linked to its detainment.
The owner of the Ever Given container ship that blocked Egypt s Suez Canal for days has blamed the Suez Canal Authority (SCA) for its grounding, amid a legal dispute over compensation, a lawyer representing the owner said on Saturday.
The vessel is owned by Japanese company Shoei Kisen Kaisha. Reuters reported that lawyers acting on its behalf said the SCA had been at fault for allowing the Ever Given to enter the canal amid poor weather conditions, according to Ahmed Abu Ali, a representative of the legal team.
Officials in Egypt have seized the Ever Given as authorities in the country demand the ship s owners pay nearly $1 billion for blocking the Suez Canal for
Egypt seizes Suez ship Ever Given , demands $900 million compensation
Egypt seizes Suez ship Ever Given , demands $900 million compensation Ever Given , the large ship which blocked the Suez Canal and choked world trade for nearly a week, has been seized on court orders by Egypt. The vessel s owners have been asked to pay $900 million as compensation.
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UPDATED: April 14, 2021 10:29 IST Ever Given , the large ship which blocked the Suez Canal and choked world trade for nearly a week, has been seized on court orders by Egypt. (Photo: AP/PTI file - March 28, 2021)
The megaship which blocked Egypt s Suez Canal and crippled world trade for nearly a week has been seized on court orders until the vessel s owners pay $900 million, canal authorities said Tuesday.
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2 experts explain why the company whose ship blocked the Suez Canal has seen its stock surge 28% since the incident started
2 experts explain why the company whose ship blocked the Suez Canal has seen its stock surge 28% since the incident started
Emily GraffeoApr 13, 2021, 22:00 IST
Suez Canal Authority
Ever Given ship got stuck in the
Suez Canal.
We spoke with two analysts who said its not unusual for freight tanker stocks to see bouts of volatility.
Freight tanker stocks are heavily tied to shipping rates, which have skyrocketed this year.
However, the canal blockage exacerbated supply and demand conditions and pushed rates higher.