Egypt seizes the Ever Given, says owner owes $US900m onenewspage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from onenewspage.com Daily Mail and Mail on Sunday newspapers.
Suez Canal blockage: Egyptian officials seize Ever Given over $1 27b compensation nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
The Suez Canal chief said authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week.
Lieutenant General Osama Rabie said he hoped talks with Shoei Kisen Kaisha Ltd, the Japanese owner of the skyscraper-sized Ever Given, will conclude without a lawsuit.
“We are discussing with them a peaceful resolution to the matter without resorting to the judiciary,” he said.
He maintained that bringing the case before a court would be more harmful to the firm than settling with the canal’s management.
The canal chief said last week the Suez Canal Authority was expecting more than one billion US dollars in compensation, warning the ship would not be allowed to leave the canal if the issue of damages turns into a legal dispute.
THE STANDARD By
Macharia Munene |
April 5th 2021 at 14:05:00 GMT +0300
Ship Ever Given, one of the world s largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. Suez Canal Authority/Handout.
For almost a week, a Taiwanese registered ship owned by the Japanese, and carrying Chinese cargo to Europe blocked the Suez Canal and virtually held 12 per cent of world shipping hostage.
MV Ever Given is one of 15 vessels in the world that measure 1,300 feet long and 200 feet wide and is equal to six and a half acres of land. It had to pass through the canal that is only 300 feet wide, thereby leaving only 50 feet room on both sides for maneuvre. The ship blocked the canal after going diagonal, thus creating a shipping crisis beyond expectation.