Suez megaship owner haggles over $900m release demand ...Kuwait

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Suez megaship owner haggles over $900m release demand
Negotiations are underway between the Suez Canal authorities and the owners of the ship that blocked the passage for a number of days, causing long delays. The Japanese owner of a megaship seized after blocking the Suez Canal has said it is negotiating with Egyptian authorities after they demanded $900 million in compensation for its release. The 200,000-tonne MV Ever Given got diagonally stuck in the narrow but crucial global trade artery in a sandstorm on 23 March, triggering a mammoth six-day-long effort to dislodge it. Maritime data company Lloyd's List said the blockage by the vessel, longer than four football fields, held up an estimated $9.6 billion-worth of cargo between Asia and Eu

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