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Egypt Impounds Suez-Blocking Megaship 'Ever Given' As Authorities Seek $900 Million Compensation


by Tyler Durden
Wednesday, Apr 14, 2021 - 03:25 PM
The Egyptian authorities have seized the massive container ship that notoriously blocked the Suez Canal for almost a week as the government demands hundreds of millions of dollars in compensation from its owners. 
This week, an Egyptian court ordered Ever Given s Japanese owner, Shoei Kisen Kaisha, to pay a whopping $900 million in compensation after the vessel blocked the world s most important waterway for six days. 
The seizure was first reported on Ahram Gate, a state-run website, on Tuesday: 
Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority (SCA), confirmed in a press statement, today, Tuesday, that the Panamanian ship Evergiven , which ran aground earlier for six days, was seized for failure to pay an amount of $ 900 million , which is the value of what it caused. The delinquent ship from losses to the Authority as well as the flotation and maintenance process, according to a cou ....

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