{"id":32656,"date":"2021-04-13T22:26:34","date_gmt":"2021-04-14T03:26:34","guid":{"rendered":"http:\/\/huewhite.com\/umb\/?p=32656"},"modified":"2021-04-13T22:26:34","modified_gmt":"2021-04-14T03:26:34","slug":"oopsie-of-the-day-ctd-4","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2021\/04\/13\/oopsie-of-the-day-ctd-4\/","title":{"rendered":"Oopsie Of The Day, Ctd"},"content":{"rendered":"

The Ever Given<\/strong><\/em> may no longer be physically stuck<\/a> in the Suez Canal, but it’s … legally stuck<\/em>:<\/p>\n

Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, confirmed in a press statement, today, Tuesday, that the Panamanian vessel “Evergiven”, which ran aground earlier for six days, was seized for failure to pay an amount of $ 900 million, which is the value of what it caused. The delinquent ship caused losses to the Authority as well as the flotation and maintenance process, according to a court ruling issued by the Ismailia Economic Court. [Ahram Gate<\/strong><\/a> (Egypt)]<\/em><\/p><\/blockquote>\n

WaPo<\/strong><\/em> notes<\/a> there’s some confusion over who pays what:<\/p>\n

The Ever Given is owned by Shoei Kisen Kaisha, a Japanese holding company, but leased by Evergreen Marine Corp., a Taiwan-based conglomerate. Bernhard Schulte Shipmanagement, a German firm, was responsible for hiring the crew.<\/p>\n

Egypt has not said which company it expects to pay for the damage, but Shoei Kisen Kaisha\u00a0told the Journal<\/a> last week that it was \u201cin the middle of negotiations\u201d with Suez authorities. The company has filed a lawsuit in British court aimed at limiting its liability for the incident.<\/p><\/blockquote>\n

Even more surprising – to me – is no word of other shipping companies, large and small, suing over an incident which cost any company ordinarily using the Suez Canal a good chunk of change.<\/p>\n

Which leads me to wonder why these ships don’t carry insurance against exactly what happened. Will no insurance company offer it? I did a little digging but came up empty. It seems like a good idea.<\/p>\n

In case you wonder how much it costs to use the Suez Canal, here’s a video that talks about that. I haven’t finished watching it myself, but this seems like a good place to put it.<\/p>\n