The Egyptian Court of Appeal stated that it did not have sufficient jurisdiction to consider the claim for damages to the Suez Canal.
Kyiv. Ukraine. Ukraine Gate – May 24, 2021 – International News
Authorities and the owner of the ship are arguing over who is to blame for the Ever Given container ship being stranded in the canal connecting the Mediterranean Sea and the Red Sea, and how much compensation should be paid.
The Appellate Chamber of the Ismail Commercial Court referred the case to a lower court to decide on the legality of the seizure of the vessel pending settlement of a compensation claim between the Suez Canal administration and Shoei Kisen Kaisha LLC, the Japanese owner of the vessel.
The owner of the ship Ever Given believes that the Suez Canal is to blame for its grounding and wants $ 100,000 in compensation.
The giant ship Ever Given ran aground in the Suez Canal, one of the world’s most important waterways, on March 24 due to poor visibility due to a sandstorm and adverse weather conditions. This led to the blocking of traffic on the channel. Hundreds of ships, including oil and LNG tankers, were stranded.
The daily loss due to the incident in the Suez Canal to the world economy amounted to billions of dollars. In particular, Egypt’s daily losses are estimated at 12-14 million dollars and the damage caused by global trade – about 10 billion dollars.
Since then, the ship has been kept in a lake between two sections of the canal, as the Suez Canal Administration (SCA) is demanding a $ 916.5 million lawsuits against Japanese owner Shoye Kisen.
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Source: Ukrgate
