Remember the Ever Given, the ship that blocked the Suez Canal? She’s finally free of all tangible troubles:
The SCA [Suez Canal Authority] announced on Sunday that it would sign a settlement agreement on Wednesday [7 July] with the owner of the Ever Given ship.
The ship will be allowed to depart the Suez following the signing of the agreement.
Shoei Kisen, the Japanese owner of the vessel and its insurers said last month they had reached an agreement in principle with the SCA.
The SCA had demanded $916 million in compensation to cover salvage efforts, reputational damage and lost revenue before publicly lowering the request to $550 million.
The giant Ever Given ship will leave the Suez canal accompanied with two tug boats and the guidance of two transit guides from the SCA. [ahramonline]
Did the SCA get anywhere near what they wanted? It’d be interesting to know the procedure used to determine the final sum – just a simple bargaining, or assessments of fault as might happen in US Courts?
