Remember the Ever Given, the ship that blocked the Suez Canal? She’s finally free of all tangible troubles:<\/p>\n
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.<\/p>\n
The ship will be allowed to depart the Suez following the signing of the agreement.<\/p>\n
Shoei Kisen, the Japanese owner of the vessel and its insurers said last month they had reached an agreement in principle with the SCA.<\/p>\n
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.<\/p>\n
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.\u00a0[ahramonline<\/strong><\/a>]<\/em><\/p><\/blockquote>\n
Did the SCA<\/strong><\/em> 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?<\/p>\n","protected":false},"excerpt":{"rendered":"
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 \u2026 Continue reading