The Suez Canal will block the detained ship until 900 million are paid. Compensation in USD



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Photo from the Swedish Channel Administration (Scanpix / SIPA)

The container ship, which had been blocked by the Egyptian Suez Canal for almost a week, will remain under arrest by court order until the shipowners pay 900 million. USD, the channel’s management announced on Tuesday.

The ship Ever Given was arrested for non-payment of 900 million dollars by its owners. Compensation in US dollars, the head of the Suam Canal Board (SCA), Osam Rabie, quotes the Egyptian state-owned Al-Ahram.

The Japanese-owned Evergreen Marine Corporation, operated by a Taiwanese company and sailing under the Panamanian flag, will be launched on March 23. ran aground, blocking a vital artery of world trade. Egyptian and international specialists took almost a week to take the boat out of the shallows.

Shipping Lloyd’s List magazine reports that the incident detained nearly $ 9.6 billion a day. Freight transported between Asia and Europe worth USD (8,150 million euros).

The canal is vital for Egypt, which has lost between 12 and 15 million. Income in US dollars on each day of the waterway block, says the canal board.

According to the decision of the Izmailia Economic Court, 900 million. The compensation amount in US dollars was calculated taking into account the losses incurred by the stranded vessel, as well as the shipping and approach allowances.

The court did not say the shipowner, the Japanese company Shoei Kiseno Kaia, but another SCA source told AFP news agents on Tuesday that negotiations on the payment of beer between the company, insurers and the administration of the channel continued.

In its request, SCA relied on articles 59 and 60 of Egypt’s Maritime Trade Law, which stipulate that a ship must be impounded until the full amount has been paid, Al-Ahram writes.

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