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Egypt offers to cut compensation claim for blocking of Suez Canal


Egypt offers to cut compensation claim for blocking of Suez Canal
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Last Updated: May 10, 2021, 07:57 AM IST
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Synopsis
The blockage roiled shipping markets because hundreds of vessels had to wait for the canal which can shave two weeks off a journey between Asia and Europe to reopen.
AFP
Egypt offered to reduce claims by a third for compensation from owners of the container ship that blocked the Suez Canal in March, Suez Canal Authority Chairman Osama Rabie told MBC Masr channel television channel.
The canal authority said it would reduce the claims for compensation to $600 million from $900 million, according to Rabie. The SCA also offered payment terms to owners of the Ever Given container ship but they have yet to respond, he said. ....

Suez Canal , As Suways , Al Qahirah , Osama Rabie , Japan Shoei Kisen Kaisha Ltd , Suez Canal Authority , Suez Canal Authority Chairman Osama Rabie , Ever Given , Shoei Kisen Kaisha , Evergreen Line , ஸூயெஸ் கால்வாய் , ஓசமா ராபி , ஸூயெஸ் கால்வாய் அதிகாரம் , ஸூயெஸ் கால்வாய் அதிகாரம் தலைவர் ஓசமா ராபி , எப்போதும் கொடுக்கப்பட்டது , பசுமையான வரி ,

Egypt Offers to Cut Ever Given Compensation Claim to $600 Million – gCaptain


By Abdel Latif Wahba (Bloomberg) Egypt offered to reduce claims by a third for compensation from owners of the container ship that blocked the Suez Canal in March, Suez Canal Authority Chairman Osama Rabie told MBC Masr channel television channel.
The canal authority said it would reduce the claims for compensation to $600 million from $900 million, according to Rabie. The SCA also offered payment terms to owners of the Ever Given container ship but they have yet to respond, he said.
An Egyptian court granted the Suez Canal Authority’s request for the seizure of the vessel in mid-April as compensation talks dragged on. The blockage roiled shipping markets because hundreds of vessels had to wait for the canal which can shave two weeks off a journey between Asia and Europe to reopen. ....

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