Shoei Kisen Kaisha was in negotiations with the SCA about the fee, according to The Wall Street Journal. The Ever Given is owned by Japanese company Shoei Kisen Kaisha, leased by the Taiwanese Evergreen Marine Corporation and operated by the German Bernhard Schulte Shipmanagement. There was some confusion about who had to pay that cost. "The minute they agree to compensation, the vessel will be allowed to move." "The vessel will remain here until investigations are complete and compensation is paid," Osama Rabie, chairman of the SCA, said on Egyptian state television at the time. Local authorities worked for days to extract the 200,000-ton Ever Given. The SCA said the sum would help cover the revenue lost during the canal blockage, the cost of the rescue mission and a fee for the damage sustained by the canal's embankments when the ship became lodged in them, reports the state-controlled Ahram Gate publication.Īfter it was refloated on March 29, the Ever Given had been anchored in a lake that separates two lanes of the Suez Canal, Reuters reported. You can't just block an international-trade bottleneck for nearly a week and expect no consequences - Egypt's Suez Canal Authority said it was owed $916 million for the obstruction. Lots and lots of cargo ships had nothing to do but wait while the Ever Given blocked the Suez Canal. عاجل | نجاح محاولة تحريك السفينة إيفرجيفن بـ #قناة_السويس /OD7yPJq7Y3- المصري اليوم March 29, 2021Īfter a tense six days, Egyptian TV footage triumphantly showed the ship aligned in a straight position along the canal as a set of tugboats refloated the vessel in the early hours of March 29. With the canal's cargo traffic at a standstill, that meant delays for everything from oil to food to clothing to semiconductors. That's why it was a big deal that the 1,312-foot-long Ever Given was blocking the Suez Canal from March 23 to 29. Roughly 12% of the world's shipping traffic and a chunk of its oil supply goes through the manmade canal, which has become particularly vital following pandemic-related disruptions to shipping. Located 75 miles east of Cairo, the capital of Egypt, it links the Mediterranean Sea to the Red Sea, allowing for direct shipping from Europe to Asia. The Suez Canal is one of the world's most important waterways. An undisclosed settlement was ultimately agreed upon between the ship's owners and the authority, according to CNN. The shipping vessel had been held by the Suez Canal Authority, which demanded that a $916 million fine be paid for the obstruction (it was later lowered to $550 million). After it spent six days blocking the crucial waterway in March, the Ever Given finally continued its journey to Rotterdam on Wednesday. The Suez Canal saga seems to be reaching its conclusion.
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