Container Ship MV Ever Given Sets Sail After 106 Days With Suez Canal Authority

Ever Given, the container ship that had earlier blocked the Suez Canal and been detained in March is about to resume its journey on Wednesday after insurers and owners had reached a compensation settlement with the canal authority.

The Ever Given, one of the largest container vessels in the world, became diagonally wedged for six days across a single-lane stretch of the canal, disrupting trade.

The Suez Canal Authority (SCA) had demanded over $900 million as compensation for salvage operation and also other losses, later cut it down to $550 million. It had held the shipper’s court order as it pursued the claim, creating a dispute with the ship’s insurers and Shoei Kisen, its Japanese owner.

MV Ever given
Image Credits: Karim El-Gawhary / @Gawhary – Twitter

The ship along with and its Indian crew had been anchored for over three months at the Great Bitter Lake between two stretches of the Suez Canal.

Following negotiations, an undisclosed settlement was reached between the parties and the SCA had announced that Ever Given could be released on Wednesday.

MV Ever Given Leaves
Image Credits: Karim El-Gawhary / @Gawhary – Twitter

A special ceremony is supposed to be conducted at the Suez Canal to mark the vessel’s departure that is loaded with more than 18,000 containers.

The canal sources have said that the ship is going to be escorted by two tugboats and guided by two trained pilots.


Reference: wsj.com

Background:

Ever Given Shipowner Blames Suez Canal For Grounding And Blockage

 

Leave a Reply

Your email address will not be published.