Egypt hopes to ‘end $900mn tussle’ over Suez ship soon ...Qatar

Egypt said it hopes to soon end a dispute over compensation regarding the huge container vessel that blocked the Suez Canal last month. The Suez Canal Authority, which claimed $916mn in damages from the Ever Given’s owners, is “eager” to reach a settlement amenable to all parties, Chairman Osama Rabie said in a statement. The 400-metre-long vessel, owned by Japan’s Shoei Kisen Kaisha Ltd, blocked the vital waterway for six days, roiling shipping markets and causing disruptions at ports around the globe. Around 50 ships a day use the canal, which can cut two weeks off a journey between Europe and Asia. The Ever Given was freed on March 29 after a frantic salvage operation and sailed to the G

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Last updated : 26 April 2021 clock 10:00 PM

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Egypt hopes to ‘end $900mn tussle’ over Suez ship soon ...Qatar

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