The Suez Canal Authority’s compensation claim on the Ever Given ship grounding issue and consequent seizure of the ship and the crew have been referred to a lower court by the Egyptian Chamber court.
As the legal battle regarding the Ever Given ship grounding in the Suez Canal continues, Japanese Shipping Companies are planning to reduce the use of the Suez Canal route. They have categorically said that they are looking for an alternative route that can connect Asia with Europe so that they won’t have to rely on the Suez Canal anymore.
Egypt has officially adopted a plan of widening and deepening the Suez after the country’s President Abdel Fattah al-Sisi officially approved the expansion plan.
The Insurer has reportedly said that a reduced claim of 600$ million is exceptionally large.
In a major development, the Suez Canal Authority has reduced the compensation amount for the Ever Given ship blockage.
Insurers of the Ever Given ship have expressed their disappointment and concern regarding the decision given by the Egyptian court which allows Suez Canal Authorities to hold the Ever Given crew ransom for compensation.
In a major setback for the Indian crew of the Suez Canal grounded ship Ever Given, a local court in Egypt has upheld the Suez Canal Authority’s decision to detain the ship and its crew for compensation.
After much delay and shortcomings, 3 of the Indian seafarers from Ever Given crew have been given permission to leave the ship by the Suez Canal Authorities.
The crew of Ever Given ship might be stranded in the Suez Canal for years over the compensation issue.