shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Ever Given Insurer Finds Reduced Compensation Too High To Pay

Ever Given Insurer Finds Reduced Compensation Too High To Pay

by Joshua
May 18, 2021
in Maritime safety

The news of the Suez Canal Authority cutting down the Ever Given compensation claim had emerged last week when Chairman Osama Rabie said it on a television talk show. The compensation has been reduced from $916 million to $600 million along with some payments terms and conditions. However, the ship’s insurer the UK P&I Club has expressed their displeasure with it, calling the claim too high still.

The Insurer has reportedly said that a reduced claim of 600$ million is exceptionally large. The ship chartered by the Taiwanese company Evergreen and owned by the Japanese company Shoei Kisen had run aground in the canal on March 23rd and refloated on March 29th after 6 days of blocking the canal, halting maritime trade.

At present, the ship has been held ransom at the Great Bitter Lakes outside the canal, where the crew and ship remain anchored. With no prospect of an out court settlement, the SCA has said that they are proceeding with the next step of legal discourse.

Meanwhile, the insurer has alleged that the new claim filed by the SCA in the court doesn’t show the reduced amount. They have further added that the claim of this size still needs to be validated by concrete evidence and data which haven’t been provided by the Canal Authorities.

The next hearing of the court has been scheduled for May 22 when the SCA’s claim will be considered. So far, the investigation has shown no proof of any wrongdoing by the SCA and its pilots.

Some sources have highlighted that the ship could be authorized for auction by the court if the owners reject any compensation ruling.

Earlier last month, the owners’ plea had been rejected in an Egyptian court which uphold the SCA’s decision to hold the crew and the ship for ransom.


Related Posts

WEEKLY GLOBAL MARINE INCIDENTS

July 7, 2025
Shippers’ Council Seeks Quick Resolution Of Legal, Operational Issues At Kaduna Dry Port

Regulations, Strict Enforcement Will Check Boat Mishaps, Says NSC Boss

July 7, 2025
World Shipping Council Says 576 Containers Lost At Sea In 2024—Official

World Shipping Council Says 576 Containers Lost At Sea In 2024—Official

July 7, 2025
Western Naval Command Hosts Tripartite Meeting On Fishing Security And Operations

Western Naval Command Hosts Tripartite Meeting On Fishing Security And Operations

July 7, 2025

Discussion about this post

Latest News

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

Duty-Free, But Not Trouble-Free: Mixed Reactions Trail UK’s Trade Window For Nigerian Exports

July 14, 2025

At Last, Lekki-Epe Corridor Stakeholders Agree On August 1st Enforcement Date For E-Call-Up 

Nigeria Losing Billions To Boat Importation As Indigenous Operators Urge Local Shipbuilding Drive

Court Ruling Against CRFFN’s Regulatory Powers Tears Customs Brokers Apart   

Oyetola Reaffirms Commitment to Logistics Reform, Commissions Zenith Carex HQ

Let the Council for the Regulation of Freight Forwarding in Nigeria Breathe

MONDAY INTERVIEW: “70% of the crew of Ocean Dragon are Nigerians”— Mrs Bernadine Eloka 

KNOW YOUR BODY PARTS: Body Mass Index (BMI)

Less Salt, Longer Lives: Nigeria’s Push For A Healthier Future

The Usefulness Of Watermelon Seeds You May Not Know

NPA Bags NASS PAC Transparency Award

Nigeria Customs Says Claim Of Form ‘M’ Migration Charges False

kindly like our Facebook page

Health

The Usefulness Of Watermelon Seeds You May Not Know
Health

The Usefulness Of Watermelon Seeds You May Not Know

July 14, 2025

Watermelon is one fruit that’s hard to resist when it gets too hot. It’s sweet and is high in water...

KNOW YOUR BODY PARTS: THE HEART

KNOW YOUR BODY PARTS: THE HEART

June 30, 2025
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

June 30, 2025
Contraceptive Pills Can’t Cause Cervical Cancer – Expert

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025
ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition