FILE PHOTO: Ship Ever Given, one of many world’s largest container ships, is seen after it was totally floated in Suez Canal, Egypt March 29, 2021. REUTERS/Mohamed Abd El Ghany/File Photograph
June 20, 2021
ISMAILIA, Egypt (Reuters) -The homeowners of a container ship that blocked the Suez Canal in March have made a brand new provide in a compensation dispute with the canal authority, and a court docket ruling on the case was postponed for 2 weeks on Sunday to permit extra time for negotiations.
The enormous Ever Given container ship has been anchored in a lake between two stretches of the canal because it was dislodged on March 29. It had been grounded throughout the canal for six days, blocking lots of of ships and disrupting international commerce.
The Suez Canal Authority (SCA) demanded $916 million in compensation to cowl salvage efforts, reputational injury and misplaced income, earlier than publicly decreasing the request to $550 million.
The Ever Given’s Japanese homeowners Shoei Kisen and its insurers have disputed the declare and the ship’s detention underneath an Egyptian court docket order.
Negotiations had been ongoing till Saturday and the ship’s homeowners had made a brand new provide, SCA lawyer Khaled Abu Bakr advised a court docket listening to over the ship’s detention in Ismailia.
Stann Marine, which represents the homeowners and insurers of the Ever Given, mentioned: “Over the course of greater than 15 days and in prolonged, lengthy and arduous, however optimistic working periods, negotiations are going down.”
“Throughout the negotiations we submitted a proposal that we imagine satisfies all the necessities of the SCA,” it mentioned in a press release, including that the small print would stay confidential.
The SCA’s chairman beforehand mentioned Shoei Kisen had supplied to pay $150 million.
A court docket ruling was due on Sunday after a number of delays, however Stann Marine mentioned it had requested for an adjournment. Judicial sources mentioned the case was postponed till July 4 to permit for an “amicable settlement”.
This week UK P&I Membership, one of many ship’s insurers, mentioned it was “hopeful of a optimistic decision to those negotiations within the close to future”.
(Reporting by Yusri Mohamed,Writing by Aidan Lewis; Modifying by Emelia Sithole-Matarise and Louise Heavens)