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Ship that blocked Suez Canal to finally be released after settlement is reached
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Ship that blocked Suez Canal to finally be released after settlement is reached
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Insurer UK Club Says Suez Canal Ship’s Reduced Claim Is Still Too Big May 10, 2021
CAIRO – UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still “exceptionally large.”
The Suez Canal Authority (SCA) adjusted its claim from an initial $916 million in an effort to settle out of court, SCA head Osama Rabie told private TV network MBC Masr on Saturday.
The Ever Given, one of the world’s largest container ships, was jammed across the canal for six days from March 23, stopping traffic in both directions.
CAIRO, May 10 (Reuters) – UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still “exceptionally large.”
The Suez Canal Authority (SCA) adjusted its claim from an initial $916 million in an effort to settle out of court, SCA head Osama Rabie told private TV network MBC Masr on Saturday.
The Ever Given, one of the world’s largest container ships, was jammed across the canal for six days from March 23, stopping traffic in both directions.
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CAIRO (Reuters) - UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still exceptionally large .
The Suez Canal Authority (SCA) adjusted its claim from an initial $916 million in an effort to settle out of court, SCA head Osama Rabie told private TV network MBC Masr on Saturday.
The Ever Given, one of the world s largest container ships, was jammed across the canal for six days from March 23, stopping traffic in both directions.
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