International

Share Suez blockage cost, says shipowner

This satellite image from Maxar Technologies shows the cargo ship MV Ever Given stuck in the Suez Canal near Suez, Egypt on March 28, 2021. Two additional tugboats sped on Sunday to Egypt's Suez Canal to aid efforts to free a skyscraper-sized container ship wedged for days across the crucial waterway, even as major shippers increasingly divert their boats out of fear the vessel may take even longer to free.   | Photo Credit: ©Maxar Technologies

The Japanese owner of a massive container ship that blocked the Suez Canal for nearly a week, halting billions of dollars in maritime commerce, is asking owners of the freight to share the cost of the damages demanded by Egypt.

Shoei Kisen Kaisha Ltd. said on Friday that it has asked freight owners to share the damages in a deal known as a general average declaration. The damage sharing scheme is often used in maritime accidents covered by insurance. The company said it has notified a number of the owners of the approximately 18,000 containers on the ship to assume part of the damages demand, estimated at about $916 million.

The ship, the Ever Given, is at Great Bitter Lake and won’t be allowed to leave until the settlement is reached, the firm said.


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Printable version | Sep 26, 2021 5:45:19 PM | https://www.thehindu.com/news/international/share-suez-blockage-cost-says-shipowner/article34452879.ece

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