Ever Given’s owner reaches settlement with Suez Canal Authority

Chamber of Shipping > Blog > News > International > Ever Given’s owner reaches settlement with Suez Canal Authority

Representatives for shipowner Shoei Kisen Kaisha have reached a tentative agreement with the Suez Canal Authority (SCA) to secure the release of the boxship Ever Given, which has been held in Egyptian custody ever since she ran aground in the Suez Canal in March. The vessel is carrying more than 18,000 TEU of containerized cargo with a combined value exceeding $600 million, and Egyptian authorities have prohibited her from offloading the goods or departing her anchorage. The SCA filed a claim against Shoei Kisen for about $900 million in damages – not for the grounding and salvage, which cost far less, but for alleged effects on business operations and reputation. (Read more from Maritime Executive.)

Related Posts