Egypt offers to cut compensation claim for blocking of Suez Canal
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Last Updated: May 10, 2021, 07:57 AM IST
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Synopsis
The blockage roiled shipping markets because hundreds of vessels had to wait for the canal which can shave two weeks off a journey between Asia and Europe to reopen.
AFP
Egypt offered to reduce claims by a third for compensation from owners of the container ship that blocked the Suez Canal in March, Suez Canal Authority Chairman Osama Rabie told MBC Masr channel television channel.
The canal authority said it would reduce the claims for compensation to $600 million from $900 million, according to Rabie. The SCA also offered payment terms to owners of the Ever Given container ship but they have yet to respond, he said.
Egypt offers to cut compensation claim for blocking of canal bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
By Abdel Latif Wahba (Bloomberg) Egypt offered to reduce claims by a third for compensation from owners of the container ship that blocked the Suez Canal in March, Suez Canal Authority Chairman Osama Rabie told MBC Masr channel television channel.
The canal authority said it would reduce the claims for compensation to $600 million from $900 million, according to Rabie. The SCA also offered payment terms to owners of the Ever Given container ship but they have yet to respond, he said.
An Egyptian court granted the Suez Canal Authority’s request for the seizure of the vessel in mid-April as compensation talks dragged on. The blockage roiled shipping markets because hundreds of vessels had to wait for the canal which can shave two weeks off a journey between Asia and Europe to reopen.
Ship that blocked Suez Canal impounded over compensation dispute msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
The Ever Given s crew is still onboard, and getting paid while the ship is investigated Apr 03, 2021, 09:43 AM
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The Ever Given container ship operated by the Evergreen Marine Corporation, sails through the Suez Canal, after it was fully freed and floated.
Sayed Hassan/picture alliance via Getty Images
Egyptian authorities are investigating the Ever Given after it blocked the Suez Canal for six days.
The National Union of Seafarers of India s general secretary is hopeful the crew will be absolved.
The union s general secretary said the crew will continue to be paid as the inquiry continues.
The 25-person Indian crew of the Ever Given is stressed and tense, but is doing well as the massive container ship faces investigations after blocking the Suez Canal.