Egypt s Suez Canal Authority (SCA) seized the ship on Tuesday, according to Ahram Online.
Egyptian authorities have sued the Ever Given s owner, Shoei Kisen Kaisha Ltd., for $900 million, saying the ship caused damage to the canal and lost business.
Ryu Murakoshi, a spokesman for the company, told The Wall Street Journal that Shoei Kisen Kaisha Ltd. is in negotiations on compensation.
Shoei Kisen Kaisha filed a general average claim in early April, splitting the $900 million demand between the boat s insurers and the owners of the cargo atop the ship.
General average is a principle of maritime law that requires any of the ship s customers to share the risk and costs involved if the ship faces a tragedy or failure.
Egypt Will Not Free The Ever Given Unless Compensation is Paid
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