Ever Given was arrested again, had to pay 14.5 T the loss of the new Suez Canal was free to go

SUEZ, KOMPAS.com – After no longer being trapped in the narrow lane of the Suez Canal, the Even Given ship was not free to leave.

The giant container ship is still stuck in the artificial lake of the Suez Canal, due to a dispute over who should pay to get it off the international trade waterway.

Also read: The Suez Canal is finally considering a canal widening option where Ever Given is stuck

Launch Business Insider on Sunday (11/4/2021), Egyptian authorities said they would not release the large ship, which has been stuck in the Suez Canal for nearly a week. Precisely until the owner agrees to pay up to 1 billion US dollars (Rp 14.5 trillion) as compensation.

“The ship will remain here until the investigation is completed and compensation is paid,” Lieutenant General Osama Rabie, who heads the Suez Canal Authority, told local news stations on Thursday, according to The Wall Street Journal.

“We hope for a quick deal,” he said. He also added that “once the ship owner agrees to compensation, the new vessels will be allowed to move.”

Rabie said Egyptian authorities would ask for US $ 1 billion (Rp.14.6 trillion) to cover the cost of releasing the ship.

This figure will include the cost of equipment and machinery, which is used to clean the road, the cost of repairing damage to the canal due to temporary dredging. The following also compensated around 800 people, who worked to release the 200,000 tonne ship.

“It will also recoup the costs of blocking the canal, which ended up causing an epic traffic jam of more than 400 ships on both sides of the channel,” said Rabie.

Also read: Profile of Marwa Elselehdar, Egypt’s First Female Ship Captain to Be Blamed in the Suez Canal Incident

Rabie did not say exactly how he arrived at that figure.

According to London-based financial firm Refinitiv, the Egyptian state lost $ 95 million in transit fees due to blockages.

It remains unclear who will pay Egypt’s demands for compensation.

Shoei Kisen Kaisha Ltd., the Japanese owner of Ever Given, told The Journal that it had not received any official word from the Egyptian authorities.

Eric Hsieh, president of Evergreen Marine Corp., a tenant of Ever Given, said the company was “free of responsibility from cargo delays, as it would be covered by insurance,” reports Bloomberg.

1,300-foot Ever Given made headlines on March 23 when it veered off course during an unexpected windstorm. The ship then “lodged” in the sand dunes of the Suez Canal, disrupting global trade.

Six days later, the new ship was released.

Also read: Congestion-Free Suez Canal, Last Ship Held Over

Egypt has since opened a formal investigation into how the ship got stuck.

The ship, its cargo, and 25 crew members from India will remain anchored in Egypt’s Great Bitter Lake until the investigation is completed.

Earlier this month, authorities notified Insider that the crew was safe and would continue to be paid.

Rabie said he prefers to settle compensation issues out of court, although he has not ruled out a lawsuit.

“We can agree on certain compensation, or be taken to court. If they decide to use court routes, then the ship will have to be detained,” he said according to CNBC.

Also read: 10 World Famous Important Waterways, Suez Canal to Panama Canal

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