Ever Given Ship Impounded by Egypt over the Suez Canal Compensation Bill

Just recently, the media sources have revealed that the Egyptian authorities now have the massive Ever Given impounded. It is the same Ever Given that ended up getting stuck in the middle of the Suez Canal, blocking all marine traffic passing through it.

According to the records, the Ever Given ship was stuck in the middle of the Suez Canal for almost an entire week. This resulted in 10% of trades from all over the world being impacted and cost a huge loss to the shipping companies as well.

Now the Egyptian authorities want the Ever Given owning company to pay the compensation for the efforts exerted in order to get the ship out of trouble.

Right after the incident took place, the Egyptian authorities had issued a notice for compensation. At that point, the authorities had stated that the shipping companies would need to work together and come up with a plan.

The Egyptian authorities made it clear that it was not their responsibility to decide who was going to pay the compensation amount. However, the authorities received no response from the shipping companies so decided that it was going to impound the ship.

The current development on the matter is that the Egyptian authorities have sent a notice to the owner of the Ever Given ship, which is a Japanese company called Shoei Kisen Kaisha.

In the notice, the Egyptian authorities have demanded the company to pay $900 million in compensation. The compensation amount comes from the losses that were incurred by the Suez Canal authorities when the ship was stuck.

According to the local media firm, Al Ahram, in the $900 million compensation amount, the Egyptian authorities have also included the cost of the rescue operation and maintenance cost.

In order to get the ship out of the low waters, an international salve operation was initiated. The teams worked 24/7 to ensure that the ship was out of trouble and could be released at the earliest.

After being stuck at the Suez Canal for almost a week, the good news started floating on March 29 that the ship had finally been freed and was being towed safely.

Once the massive ship was released, it was then moved to Great Bitter Lake, which is close to the Suez Canal for further inspections of the ship.

This was to ensure that the ship was fully capable of sailing through the sea and all necessary repairs were applied to the ship before it sailed along with the Indian crew of 25 people.

While the Egyptian authorities stand their ground, the Japanese company has announced it is already working on the compensation amount. They are currently in talks with their lawyers and the insurance company to sort out the matter at the earliest.

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