However, Shoei Kisen Kaisha does not disclose details of the agreement reached with the Suez Canal Authority.
The Panama-flagged 400-meter-long and 59-meter-wide Ever Ever, operated by Taiwanese company Evergreen Marine, reportedly turned sideways and got stuck in bad weather on March 23, stopping sailing in the Suez Canal altogether. On March 29, it managed to get off the ground.
The Egyptian authorities arrested Ever Given in April and Shoei Kisen Kaisha demanded compensation of $ 916 million, which was later reduced to $ 550 million.
The Suez Canal, excavated more than 150 years ago, is one of the world’s most important trade routes.
Last year, almost 19,000 ships traveled through the canal, carrying more than one billion tons of cargo.
