![]() The SCA initially had sought $916 million for damage to the Suez Canal and the loss of business caused by the Ever Given blockage. Once the formalities have been dealt with, arrangements for the release of the vessel will be made.” “Together with the owner and the ship’s other insurers, we are now working with the SCA to finalize a signed settlement agreement as soon as possible. “Following extensive discussions with the Suez Canal Authority’s negotiating committee over the past few weeks, an agreement in principle between the parties has been reached,” said the announcement Wednesday from the UK P&I Club. ![]() The Ever Given was freed on March 29 and moved to Egypt’s Great Bitter Lake, where it has remained detained while the SCA, the ship’s owner and insurers have negotiated a settlement to release the vessel and get its cargo moving again.Īmerican Shipper’s Lori Ann LaRocco reported the 2018-built Ever Given, with the capacity to carry 20,000 twenty-foot equivalent units (TEUs), was about 85% loaded at the time of the grounding, and electronics, machinery and parts, household goods, furniture, and footwear made up the largest product categories on board. It became stuck sideways in the Suez Canal, blocking both northbound and southbound traffic. That’s good news for owners of the cargo aboard the Evergreen Marine-operated vessel, which was en route from Yantian, China, through the Suez Canal to the Port of Rotterdam in the Netherlands on March 23 when it was reportedly hit by strong winds and ran aground. ![]() The UK P&I Club, an insurer of the Ever Given, is reporting an agreement has been reached with the Suez Canal Authority (SCA) and the container ship could be released from custody in Egypt soon.
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