June 24, 2021
Cairo (Reuters)-The operator of a giant cargo ship that blocked the Suez Canal in March said it would take longer for the ship to be released from detention while a final agreement was signed with Egyptian authorities. It was.
The Japanese owner of the ship and the insurance company announced on Wednesday that they had reached an agreement in principle, although they were involved in a compensation dispute with the Suez Canal Authority (SCA).
“It may take longer for the agreement to be signed, the vessel to be released from arrest and ready to move forward,” ship operator Evergreen Line said in a statement.
The Suez Canal Authority has agreed to settle with the owner of the Ever Given container ship. Initially, after demanding $ 916 million in compensation to cover rescue operations, reputational damage, and loss of revenue, the demand was publicly reduced to $ 550 million.
In an interview aired Thursday night, SCA Chairman Osama Rabbie said he believed he could reach an agreement within 15 days.
The Evergiven container ship has been moored in the lake between the two sections of the canal since it was removed on March 29. It was grounded across the canal for six days, blocking hundreds of ships and disrupting world trade.
(Report by Jonathan Saul and Omar Fahmy, edited by Emeria Sithole-Matarise and Aurora Ellis)
Evergiven operators say more time is needed to release the ship
Source link Evergiven operators say more time is needed to release the ship