Suez ship owner asks freight owners to split damages


The owner of a container ship that has blocked the Suez Canal for almost a week is asking the owners of the cargo that the ship is carrying to pay for the damage requested by the Egyptian authorities.

The container ship Ever Given, owned by Japan-based Shoei Kisen Kaisha, ran aground in the canal in March, blocking the canal and stopping billion-dollar trade. According to an Associated Press report, Shoe Kisen on Friday asked cargo owners to share the damage in a deal known as a general average declaration.

The damage-sharing arrangement is often used in insured marine casualties, the AP reported. Shoei Kisen said he had notified several owners of the roughly 18,000 containers on the ship and asked them to pay for part of the cost, which is estimated at around $ 16 million.

The company announced last month that it was negotiating the amount of compensation with the Egyptian authorities. The Ever Given is currently being held at Great Bitter Lake halfway between the north and south ends of the Suez Canal for inspection. According to Shoei Kisen, the ship will not be allowed to depart until an agreement has been reached.

Continue reading: Suez debacle: insurer bids at the latest on confiscated ship

The company did not reveal any further details, including the amount insured and the costs that cargo owners will have to pay, the AP reported.

The Ever Given was en route to Rotterdam on March 23rd when it landed in the canal. It took salvage teams six days to free the massive ship.

The 25 crew members of the ship are still on board and, according to Shoei Kisen, are all in good health.


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https://businessservicesnews.ca/suez-ship-owner-asks-freight-owners-to-split-damages/

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