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The Ever Given case is another reminder of the fragility of global supply chains and the importance of shipping but it raises some important questions about the challenges facing insurers when modelling for such claims, delegates attending a Nautical Institute webinar were told. While the initial claim by the Suez Canal Authority was in the ...
Posted on The Ever Given Cargo vessel, Panama flagged cargo ship, with a Japanese owner Shoei Kisen Kaisha Ltd.) finally reached the deal on the price of blocking the Suez Canal with the Egyptian authorities on Wednesday. Under the pandemic, this cargo vessel stalled at the Suez for over 3 months and is finally free to move onto its final destination with help, as a tugboat came to pull the ship out to the Mediterranean Sea. According to AP, “A deal that achieved justice and prioritized both parties’ interests has been reached,” Lt. Gen. Ossama Rabei, head of the Suez Canal said. ...