Q1 revenue down, but bullish Evergreen eyes an early peak season
Evergreen’s fuel costs have risen 60% since the US/Israel-Iran war began on 28 February, but ...
Photo: Suez Canal Authority
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 ...
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Praveen Godbole
May 11, 2021 at 2:21 pmShipowners 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.