Ships removed on the Suez Canal berth as negotiations continue to charge more than $ 916 million

Cairo — A ship that blocked the Suez Canal for almost a week in March is moored in a waterway as canal authorities are pursuing a $ 916 million claim against the Japanese owner of the ship. A ship insurance company and one of the canal sources said Tuesday.

The Ever Given container ship owned by Shoei Kisen has been moored in a lake that separates the two sections of the canal since it was removed on March 29, as it is being investigated by the Suez Canal Authority (SCA).

Two unnamed SCA sources told Reuters that a court order had been issued to hold the ship. Negotiations on a claim for compensation are still underway, sources said.

Evergiven’s protection and compensation (P & I) insurance company, UK Club, said canal claims included a “salvage bonus” of $ 300 million and a “loss of reputation” of $ 300 million.

“Despite the size of the little-supported claim, the owner and its insurer have been in good faith with the SCA,” the UK club said in a statement.

“On April 12, a carefully considered and generous offer was made to the SCA to resolve their allegations. Today, we are disappointed with the subsequent decision by the SCA to arrest the vessel.”

Earlier on Tuesday, Yumi Shinohara, deputy manager of Shoei Kisen’s fleet management department, confirmed that the canal had filed a claim for compensation and was not granted permission to leave the port, but did not provide further details. It was.


Clyde & Co. Jai Sharma, a lawyer at Jai Sharma, said the decision to hold the vessel could affect cargo.

Although there was no immediate comment from the SCA, authorities’ chairman Osama Rabies said on Egyptian television last week that Evergiven would not leave until the investigation was completed and compensation was paid.

He said the canal suffered “great moral damage”, incurring shipping losses and the cost of rescue operations. He also said he wanted to solve the problem amicably.

SCA findings were expected by the weekend, according to SCA sources.

The international supply chain was disrupted when a 400-meter (430-yard) Evergiven ran ashore on March 23 and loaded with 18,300 containers.

It took six days for a professional rescue team to release the ship, delaying the passage of more than 400 ships and bypassing other ships throughout Africa.

Industry sources told Reuters last week that reinsurers are set to bear most of the bill for ship grounding.

Asked about SCA’s allegations, Sharma said:

One maritime lawyer said that shipowners usually provide agreed security and can continue to proceed in court where the ship and crew will later make a final ruling. “Of course in this case they want cash now,” he said.

Yusuri Mohamed and Jonathan Sole