MV Ever Given owner negotiating Egypt’s $900M demand for release

Japanese-owned, Taiwanese-operated and Panama-flagged ship moved to unobstructive anchorage in Suez Canal, after it was freed on March 29, “due to its failure to pay $900 million” compensation to waterway authorities.

A skyscraper-sized ship that blocked the Suez Canal for almost a week in March is being held by canal authorities who are pursuing a $916 million compensation claim against the ship’s Japanese owner.

The Ever Given container ship, owned by Shoei Kisen, has been in a lake separating two sections of the canal since it was dislodged on March 29, as the Suez Canal Authority (SCA) conducts investigations.

Maritime data company Lloyd’s List said the blockage by the vessel, longer than four football fields, held up an estimated $9.6 billion-worth of cargo between Asia and Europe each day it was stuck.

Egypt also lost between $12 and $15 million in revenues for each day the waterway was closed, according to the canal authority.

News Source: TRTWorld

How One Ship Ever Given Caused a Global Traffic Jam

On March 23, 2021 the container ship Ever Given was on it’s journey between the port of Tanjung Pelepas in Malaysia and Rotterdam in the Netherlands when it was sailing through the Suez Canal in Egypt. The ship was surprised by a sandstorm and rammed itself into the side wall of the canal. Even though the blockade is resolved, it is expected that the delay is expected to cause a ripple effect that will add stress to port facilities and even inland infrastructure.

Stuck at sea: Cargo ship Ever Given wedged in Suez Canal causes traffic jam

Tug boats and a digger struggled to free the mega cargo ship, blocking one of the world’s busiest shipping pathways.

Paid $500,000+ Dollars To Pass SUEZ CANAL

“This transit is one of a kind , wherein there is absolutely no margin for error in NAVIGATION . As you can see behind me , the canal is really narrow and being on the biggest ship in the world , THINGS do get tensed . Make sure you watch the video till the end It’s going to fun & enjoyable”