What happened to the Ever Given ship stuck in the Suez Canal? Owners negotiate redemption account

Tugboats Line Up Huge Ever Given on the Suez Canal.  According to the Suez Canal Authority (SCA), the megaship partially floated and 80%

Ismailia, Egypt – owner of Container ship blocking the Suez Canal in March The dispute with the channel’s rights made a new motion for compensation, and the court’s decision on the matter was postponed by two weeks on Sunday to allow more time for negotiations.

The giant ship Ever Given has been placed in a lake between two sections of the channel since it was Removed from channel on 29 March. It remained stranded for six days, blocking hundreds of ships and disrupting global trade.

Index as well. caused Rush of over 400 ships.

On the Internet: In 6 Days After Stranding, Ship on the Banks of the Suez Canal Becomes Setting for Selfies and Games

The Suez Canal Authority sought $916 million in compensation to cover the cost of rescue efforts, reputational damage and lost revenue, before publicly reducing its request to $550 million.

Ever Given’s Japanese owner Shoi Kisen and his insurers are protesting the ship’s order and detention under an Egyptian court order.

Negotiations were ongoing until Saturday, and the ship’s owners put forward a new proposal, the authority’s lawyer, Khalid Abu Bakr, said at a court hearing on the ship’s detention in Ismailia.

understand: Why is the Suez Canal so important and how the stranded ship affected world trade

The authority’s chairman had previously said that Shui Qian had offered to pay $150 million.

About 12% of world trade flows through the Suez Canal, making it so strategic that world powers have been fighting over the waterway since its completion in 1869. About 30% of the world’s shipping container volume crosses the 193 km canal daily.

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So far no one has been formally charged for the incident. A few weeks after being stranded, Egypt’s first female ship captain, Marwa Elseldar, was The internet is shocked by rumors that she was to blame for the incident.

At the time, however, Captain Aida IV was serving as the ship’s first officer, which was hundreds of kilometers from Alexandria.

About the author: Muhammad Wayne

Wayne is a reporter who covers everything from oil trading to China's biggest conglomerates and technology companies. Originally from Chicago, he is a graduate of New York University's business and economic reporting program.

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