Egypt seizes ship that blocked Suez Canal, demands US$900mil compensation

Ever Given, the huge container ship that got lodged across the Suez Canal, has been seized by Egypt. The Suez Canal Authority (SCA) is demanding US900mil in compensation from the shipowner.

CAIRO (Bernama): An Egyptian court has ruled that the Ever Given container ship be seized until its owner pays US$900mil (RM3.72bil) to the Suez Canal Authority (SCA) in compensation for blocking the critical waterway for almost one week, Sputnik quoted the Shorouk News newspaper report, citing sources.

The temporary confiscation was requested by the SCA in a suit filed with the Ismailia economic court. The canal authority asked that the ship not be allowed to move until all salvage and maintenance expenses, as well as lost traffic fees, are paid in full for the six-day period that Ever Given had disrupted the navigation.

The Panama-flagged ship will now be placed under the court's supervision, in line with Article 6 of Egypt's law on maritime trade, until the operator fulfils the SCA's demands, according to the report. Court officers will reportedly go to the ship's current stop in the Bitter Lakes area on Tuesday (April 12) to notify the crew of the ruling in person.

The incident with the Suez Canal's blockage is still being investigated. SCA chief Osama Rabie told Egypt's Youm7 newspaper that the conclusions were expected to be announced on Thursday (April 14).

Ever Given ran aground in the Suez Canal on March 23. It got wedged diagonally between the two banks, blocking the passage for continuously arriving ships in both directions and causing a massive jam. It was not until March 29 that Ever Given was dislodged, thanks to unceasing excavation and towing efforts.

The last of the 422 vessels stranded at the Suez Canal tips passed through the waterway on April 3. The canal authority estimated the blockage's total damage to global trade at US$1bil (RM4.13bil). – Bernama

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