Ever Given Giant Container Ship
Egypt has finally decided to release the giant container ship Ever Given that blocked the Suez Canal in March for more than 3 months.
This ends months of arrest of the ship by the economic court of Ismailia.
The Suez Canal Authority (SCA) plans to hold a ceremony at its headquarters in Ismailia, to celebrate “the signing of the agreement” and “departure of the ship”.
The decision follows the signing of an agreement between Egyptian maritime authorities and the owner of the ship, Shoei Kisen Kaisha.
After several weeks of negotiations, both parties came to an agreement. with the owner of the ship agreeing to pay the Egyptian authorities an undisclosed amount.
In addition to the compensation, president of the Suez Canal Authority, Osama Rabie said Sunday that Egypt would receive a tugboat with a capacity of 75 tons from the owner of the Ever Given.
Cairo had initially claimed $916 million as compensation before compromising to $550 Million.
Egypt lost 12 to 15 million dollars per day of closure. In addition there was one accident that led to the passing away of on SCA during the salvage, additional damage also included damage to the shoreline coating.
In total, 422 ships loaded with 26 million tons of cargo were blocked. With loses totaling around 6 to 10 billion per day according to Allianz Insurance.
Nearly 19,000 ships passed through the canal in 2020, according to the SCA, making an average of 51.5 ships per day.
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