Ship Ever Given seized by Egypt

Ship Ever Given seized by Egypt

Ship Ever Given seized by Egypt

Egypt has seized the Ever Given the container ship that blocked the Suez Canal. With this, the country wants to enforce the payment of 900 million dollars in compensation. Egypt had spent money on the rescue operation of the ship. The Suez Canal also lost income because no ships could pass through the canal when the Ever Given was moored.

Egypt thus remains committed to the demand for compensation for the damage allegedly caused by the stranding of the “Ever Given” in the Suez Canal. According to CEO Admiral Osama Rabie of the Suez Canal Authority, the 20,000 TEU ship, which is fully loaded and destined for Rotterdam, will remain moored on the Great Bitter Lake until an agreement on compensation has been reached with the owner of the container.

Substantiation

Rabie disclosed the nearly $ 1 billion claim for damages shortly after Boskalis’ ‘Ever Given’ was rolled out, but has so far failed to substantiate that massive amount.

Boskalis CEO Berdowski has said that the successful salvage operation will have no effect on the group’s earnings for this year. In doing so, he suggests that the costs of the operation, and thus the compensation, are limited and certainly not towards an amount of nine zeros.

This compensation is separate from the aid wages to which a salvage company is entitled to rescue a ship and cargo. The amount is usually determined by an arbitration court in London, a procedure that is likely to take several years. The payment is for the account of the ship and cargo, as the shipping company has invoked general average, not for that of the channel operator.

Toll Revenue

Observers estimate that lost revenue due to lost toll revenue is also limited. As far as is known, there are a maximum of a few dozen container ships that were to depart via the Suez Canal via Cape of Good Hope. MSC and Maersk have announced that some ships already heading for the southern tip of Africa were sent through the channel after the blockage was lifted. All in all, the amount of lost toll revenue is unlikely to exceed $ 10 million.

Ship Ever Given seized by Egypt

Egypt has seized the Ever Given the container ship that blocked the Suez Canal. With this, the country wants to enforce the payment of 900 million dollars in compensation. Egypt had spent money on the rescue operation of the ship. The Suez Canal also lost income because no ships could pass through the canal when the Ever Given was moored.

Egypt thus remains committed to the demand for compensation for the damage allegedly caused by the stranding of the “Ever Given” in the Suez Canal. According to CEO Admiral Osama Rabie of the Suez Canal Authority, the 20,000 TEU ship, which is fully loaded and destined for Rotterdam, will remain moored on the Great Bitter Lake until an agreement on compensation has been reached with the owner of the container.

Substantiation

Rabie disclosed the nearly $ 1 billion claim for damages shortly after Boskalis’ ‘Ever Given’ was rolled out, but has so far failed to substantiate that massive amount.

Boskalis CEO Berdowski has said that the successful salvage operation will have no effect on the group’s earnings for this year. In doing so, he suggests that the costs of the operation, and thus the compensation, are limited and certainly not towards an amount of nine zeros.

This compensation is separate from the aid wages to which a salvage company is entitled to rescue a ship and cargo. The amount is usually determined by an arbitration court in London, a procedure that is likely to take several years. The payment is for the account of the ship and cargo, as the shipping company has invoked general average, not for that of the channel operator.

Toll Revenue

Observers estimate that lost revenue due to lost toll revenue is also limited. As far as is known, there are a maximum of a few dozen container ships that were to depart via the Suez Canal via Cape of Good Hope. MSC and Maersk have announced that some ships already heading for the southern tip of Africa were sent through the channel after the blockage was lifted. All in all, the amount of lost toll revenue is unlikely to exceed $ 10 million.