Ever Given Ship Owners Reach Official Deal With Suez Canal Authority, Insurer Says

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Ever Given Ship Owners Reach Official Deal With Suez Canal Authority, Insurer Says

CAIRO (Sputnik) – The owners of the Ever Given cargo ship, which ran aground in the Suez Canal, have reached an official settlement deal with the Suez Canal Authority regarding compensation for the waterway’s blockage in March, the vessel’s insurance company UK Club said on 4 July.

In late June, the involved parties reached an agreement in principle, however, the deal still had to be finalized so that the vessel could be released. Ever Given currently remains anchored in the Great Bitter Lake area, which is the widest section of the canal, with its 23-strong crew aboard.

The 1,300-feet container ship Ever Given, operated by a Taiwanese firm, ran aground in the Suez Canal on 23 March. After days of dredging and towing efforts, it was fully refloated on 29 March, unblocking the vital trade link between Europe and Asia.

In April, an Egyptian court ruled to seize the cargo ship until the owner paid around $900 million in compensation to the SCA for salvage and maintenance expenses, as well as lost traffic fees for the six-day blockage. The vessel’s owners appealed the arrest of the ship and its cargo but lost the case.

Sourse: sputniknews.com

Ever Given Ship Owners Reach Official Deal With Suez Canal Authority, Insurer Says

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