{"id":555453,"date":"2021-11-15T04:01:09","date_gmt":"2021-11-15T04:01:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/here-we-go-again\/"},"modified":"2021-11-15T04:01:09","modified_gmt":"2021-11-15T04:01:09","slug":"here-we-go-again","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/here-we-go-again\/","title":{"rendered":"Here we go again"},"content":{"rendered":"

Apparently we\u2019re still not over the whole Ever Given thing: <\/strong>The National Navigational Company has filed a lawsuit in a local economic court against the owners of the Ever Given, claiming to have suffered heavy losses when the giant container ship blocked the Suez Canal in March, according to Sada El Balad<\/a>.<\/p>\n

In case you forgot:<\/strong> Egypt became the center of global attention for six days in March after the Panama-flagged ship became lodged<\/a>, disrupting some 10-15% of global trade. Cue several months of haggling between the Egyptian government and the ship\u2019s ins. companies, which was settled in July with a reported payout of USD 540 mn<\/a> to the Suez Canal Authority.<\/p>\n

The National Navigational Company is just one strand of a litigation nightmare being faced by ship owner Shoei Kisen and its ins. companies<\/strong>, which could be in for years of lawsuits as those affected by the incident file claims and seek damages. Fitch Ratings has estimated that claims can easily surpass hundreds of mns of EUR<\/a>, and that it would affect marine reinsurers in particular.<\/p>\n

The ruling on this particular case has been postponed until the end of the month<\/strong>, Sada El Balad<\/a> reported yesterday evening.<\/p>\n

Despite the disturbance, the Suez Canal is doing just fine<\/strong>, reporting record revenues<\/a> during the first six months of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apparently we\u2019re still not over the whole Ever Given thing: The National Navigational Company has filed a lawsuit in a local economic court against the owners of the Ever Given, claiming to have suffered heavy losses when the giant container ship blocked the Suez Canal in March, according to Sada El Balad. In case you […]<\/p>\n","protected":false},"author":1,"featured_media":555454,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8996],"tags":[957,72,134,7103,133,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-suez-canal","tag-dispute-watch","tag-enterpriseam","tag-ever-given","tag-suez-canal","tag-suez-canal-authority","tag-trade","wpautop","entry"],"acf":{"mongo_id":"afb98e6f-6450-4a79-bd63-0ab187e05715","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/451.jpg","photo_position":"above","related_issue":[555443],"teaser":"","voice_url":""},"yoast_head":"\nHere we go again - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/15\/here-we-go-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here we go again\" \/>\n<meta property=\"og:description\" content=\"Apparently we\u2019re still not over the whole Ever Given thing: The National Navigational Company has filed a lawsuit in a local economic court against the owners of the Ever Given, claiming to have suffered heavy losses when the giant container ship blocked the Suez Canal in March, according to Sada El Balad. 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The Suez Canal Authority (SCA) will offer \u201cgreat\u201d considerations to the owner of the Ever Given mega container ship that blocked the Suez Canal in March to ensure talks to\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562390,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/23\/suez-receipts-rise-in-april-following-ever-given-debacle\/","url_meta":{"origin":555453,"position":2},"title":"Suez receipts rise in April following Ever Given debacle","author":"enterpriseam admin","date":"23 May 2021","format":false,"excerpt":"Suez Canal revenues rose almost 16% y-o-y in April, coming in at USD 551.5 mn from the USD 476.2 mn recorded during the same month last year, the Suez Canal Authority said in a statement Thursday. The number of ships passing through the Canal also rose by some 4.8% to\u2026","rel":"","context":"In "Suez Canal"","block_context":{"text":"Suez Canal","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/suez-canal\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/189.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561219,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/30\/so-long-farewell\/","url_meta":{"origin":555453,"position":3},"title":"So long, farewell","author":"enterpriseam admin","date":"30 March 2021","format":false,"excerpt":"At least 113 container ships are traveling in both directions after the Suez Canal reopened to marine traffic yesterday evening, with more ships set to sail as of today 8am, Suez Canal Authority (SCA) boss Osama Rabie said at a presser yesterday (watch, runtime: 32:00). 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