Egypt: Suez Canal ship case adjourned for settlement talks ...Kuwait

An Egyptian court Sunday adjourned until 4 July the case of a hulking cargo vessel that blocked the Suez Canal for nearly a week earlier this year. The decision came after both legal teams of the Suez Canal and the vessel's owners asked for more time for negotiations that aim at resolving their financial dispute. The dispute centres on the compensation amount the Suez Canal Authority is claiming for the salvage of the vessel Ever Given, which ran aground in March, blocking the crucial waterway for six days. The money would cover the salvage operation, costs of stalled canal traffic, and lost transit fees for the week the Ever Given blocked the canal. At first, the Su

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Last updated : 20 June 2021 clock 07:45 PM

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Egypt: Suez Canal ship case adjourned for settlement talks ...Kuwait

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