Egypt s Suez Canal Authority (SCA) seized the ship on Tuesday, according to Ahram Online.
Egyptian authorities have sued the Ever Given s owner, Shoei Kisen Kaisha Ltd., for $900 million, saying the ship caused damage to the canal and lost business.
Ryu Murakoshi, a spokesman for the company, told The Wall Street Journal that Shoei Kisen Kaisha Ltd. is in negotiations on compensation.
Shoei Kisen Kaisha filed a general average claim in early April, splitting the $900 million demand between the boat s insurers and the owners of the cargo atop the ship.
General average is a principle of maritime law that requires any of the ship s customers to share the risk and costs involved if the ship faces a tragedy or failure.
Ever Given ship faces seizure as Suez Canal operators demand compensation cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
Suez Canal authorities seek compensation of Rs 7509 crore from owners of Ever Given to release ship - As per London-based financial firm Refinitiv, Egypt lost transit fee worth USD 95 million (Rs 713 cores ) as a result of the blockage.
What the world economy can learn from Suez Canal incident? - The blocking of the Suez canal and the subsequent 'jam' held up a whopping $400 million an hour in global trade.
Monday, 29 Mar 2021 10:53 PM MYT
A view shows Ever Given container ship in Suez Canal in this Maxar Technologies satellite image taken on March 29, 2021. Maxar Technologies pic via Reuters
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CAIRO, March 29 The giant container ship that blocked the Suez Canal for almost a week was fully floated today and traffic in the waterway would resume, the canal authority said in a statement.
A Reuters witness saw the ship moving and a shipping tracker and Egyptian TV showed it positioned in the centre of the canal. Reuters