News / Suez Canal Authority reduces damages claim against Ever Given owner

Photo: Suez Canal Authority

10/05/2021

The Suez Canal Authority’s (SCA) claim against Japanese shipowner Shoei Kisen Kaisha over the grounding of the Ever Given, and subsequent six-day blockage of the waterway, has been reduced by some 30%.

SCA chairman Osama Rabie told Egyptian television channel MBC Masr the SCA had reduced ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber

LOGIN

Please either REGISTER or login below to continue. Forgotten your password? Please click here.

Email*
Password*

Reset Your Password

<< Go back

Email*

Comment on this article

You must be logged in to post a comment.

Praveen Godbole
May 11, 2021 at 2:21 pm
Shipowners and UK P&I club should offer by way of security a bank guarantee for $600 million for release of arrested ship, pending determination of exact quantum of liability by Egyptian court. The ship cannot be held indefinitely until the dispute is resolved. SCA can encase the guarantee if Shipowners fail to pay after court’s award.

Log in to Reply