News / Suez Canal Authority and insurers close to a deal on Ever Given compensation

The UK P&I Club and other insurers are close to an agreement with the Suez Canal Authority (SCA) for compensation following the stranding of the Ever Given in March this year.

As a result of negotiations with the SCA, the parties involved asked the Egyptian court to postpone the next hearing to 4 July, to the completion of deliberations.

The UK P&I said yesterday: “During the negotiations a proposal was submitted that we believe satisfies all the requirements of the SCA.

“Accordingly, the ...