{"id":561579,"date":"2021-04-13T03:56:50","date_gmt":"2021-04-13T03:56:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/"},"modified":"2021-04-13T03:56:50","modified_gmt":"2021-04-13T03:56:50","slug":"the-ever-givens-freedom-now-has-a-price-usd-900-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/","title":{"rendered":"The Ever Given\u2019s freedom now has a price: USD 900 mn."},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>Egypt names i<\/strong><strong>ts price for the Ever Given:<\/strong> The Suez Canal Authority has demanded the owner of the Ever Given container ship that blocked the canal last month pay USD 900 mn in compensation \u2014 and has obtained a court order to seize the ship until it receives payment, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=12042021&id=ed85da2a-c7de-4f6f-8b32-06ec5c1e69b1\">Al Shorouk<\/a> reports. The Ismailia Economic Court yesterday approved the seizure request and will today notify the crew that it will take control of the vessel and prevent it from leaving the Great Bitter Lake, where it has been anchored for over a week as an investigation unfolds, sources told the newspaper.<\/p>\n<p><strong>The move to seize the ship is an escalation in the dispute over who pays what<\/strong> after last month\u2019s accident, which blocked one of the world\u2019s most important trade arteries for six days and left more than 400 ships stranded off the coast of Egypt. SCA Chairman Osama Rabie <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f2f71c51-6d0e-4a62-967e-aa24bbbddd8d\">said last week<\/a> that the authority will not let the ship go until it receives a settlement from the Ever Given\u2019s owner, Japan\u2019s Shoei Kisen Kaisha, but said nothing to suggest that steps would be taken to forcibly prevent the ship from leaving.<\/p>\n<p><strong>This is only marginally less than the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c873a51b-96d2-42c3-a3e6-b8bc9b83a7b6\">USD 1 bn<\/a><\/strong><strong> the authority had previously expected to claim.<\/strong> The USD 900 mn includes the costs of dislodging the ship as well as lost revenues, which have been estimated at USD 15 mn per day. The SCA has not publicly explained how it arrived at the figure.<\/p>\n<p><strong>Talks between the two sides are still ongoing<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-04-12\/egypt-still-discussing-ever-given-rescue-compensation?sref=mmeFTDW1\">Bloomberg<\/a> quoted Rabie as saying yesterday. The SCA chief said ins. companies are expected to pay most of the costs related to freeing the ship. The authority has reportedly been in talks with Shoei Kisen for almost two weeks to reach a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3e6af08d-5696-4f80-bbb9-9f3cb4a0e816\">settlement<\/a>outside of court. A company spokesperson confirmed last week that it is \u201cin the middle\u201d of negotiations with the authority but declined to give further details.<\/p>\n<p><strong>The investigation into the cause of the accident should wrap up by the end of the week<\/strong>, Rabie told Al Hadath Al Youm yesterday (<a href=\"https:\/\/www.youtube.com\/watch?v=4XBK_lLMNRw\">watch, runtime: 6:17<\/a>).<\/p>\n<p><strong>IN OTHER SUEZ NEWS-<\/strong><\/p>\n<p><strong>The SCA will be better prepared next time a ship decides to beach itself on the canal<\/strong>, after it received yesterday the cutter suction dredger Mohab Mameesh, which can move 3.6k cubic meters of sand per hour. Another vessel, dubbed the Hussein Tantawy, is likely to arrive in August (watch, <a href=\"https:\/\/www.facebook.com\/SuezCanalAuthorityEG\/videos\/3750200901684480\">runtime 53:07<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt names its price for the Ever Given: The Suez Canal Authority has demanded the owner of the Ever Given container ship that blocked the canal last month pay USD 900 mn in compensation \u2014 and has obtained a court order to seize the ship until it receives payment, Al Shorouk reports. The Ismailia Economic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":561580,"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":[72,134,411,7143,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-suez-canal","tag-enterpriseam","tag-ever-given","tag-judiciary","tag-osama-rabie","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"8022fbeb-48b1-4d77-b7e9-ccaf73043f67","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/130.jpg","photo_position":"above","related_issue":[561572],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Ever Given\u2019s freedom now has a price: USD 900 mn. - 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\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ever Given\u2019s freedom now has a price: USD 900 mn.\" \/>\n<meta property=\"og:description\" content=\"Egypt names its price for the Ever Given: The Suez Canal Authority has demanded the owner of the Ever Given container ship that blocked the canal last month pay USD 900 mn in compensation \u2014 and has obtained a court order to seize the ship until it receives payment, Al Shorouk reports. The Ismailia Economic [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-13T03:56:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/130.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The Ever Given\u2019s freedom now has a price: USD 900 mn.\",\"datePublished\":\"2021-04-13T03:56:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/\"},\"wordCount\":415,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/130.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Ever Given\",\"judiciary\",\"Osama Rabie\",\"Suez Canal\"],\"articleSection\":[\"Suez Canal\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/the-ever-givens-freedom-now-has-a-price-usd-900-mn\/\",\"name\":\"The Ever Given\u2019s freedom now has a price: USD 900 mn. - 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The ship\u2019s protection and indemnity insurer UK Club said Friday that the ship\u2019s Japanese owner Shoei\u2026","rel":"","context":"In &quot;Suez Canal&quot;","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\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562315,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/19\/shoei-kisen-submits-second-appeal-against-ever-given-seizure\/","url_meta":{"origin":561579,"position":1},"title":"Shoei Kisen submits second appeal against Ever Given seizure","author":"enterpriseam admin","date":"19 May 2021","format":false,"excerpt":"A new appeal from Ever Given owner Shoei Kisen will be on the agenda for an Ismailia court this Saturday, 22 May, after company lawyers submitted a second appeal yesterday against the seizure of the mega vessel, Youm7 reports. Earlier this month, the court had rejected Shoei Kisen\u2019s first appeal\u2026","rel":"","context":"In &quot;Suez Canal&quot;","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\/153.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":561579,"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 &quot;Suez Canal&quot;","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":562056,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/05\/not-so-fast-ever-given\/","url_meta":{"origin":561579,"position":3},"title":"Not so fast, Ever Given","author":"enterpriseam admin","date":"5 May 2021","format":false,"excerpt":"An Ismailia court has rejected Ever Given owner Shoei Kisen\u2019s appeal against the Suez Canal Authority\u2019s seizure of the container ship, meaning the mega-vessel will remain in Egypt until at least May 22, when a second hearing is scheduled, Bloomberg reports. A decision from the court last month had allowed\u2026","rel":"","context":"In &quot;Suez Canal&quot;","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\/38.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561646,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/15\/the-ever-given-is-good-to-go-once-its-owners-settle-their-dues\/","url_meta":{"origin":561579,"position":4},"title":"The Ever Given is good to go \u2014 once its owners settle their dues","author":"enterpriseam admin","date":"15 April 2021","format":false,"excerpt":"The Ever Given container ship is fit to depart the Suez Canal once an agreement has been reached between the Suez Canal Authority and the ship\u2019s owner, the German technical management company Bernhard Schulte Shipmanagement (BSM) said in a statement after making a \u201cthorough inspection\u201d of the vessel.Plenty of disappointment\u2026","rel":"","context":"In &quot;Suez Canal&quot;","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\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561610,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/14\/the-ever-given-has-been-seized-and-its-owners-arent-happy\/","url_meta":{"origin":561579,"position":5},"title":"The Ever Given has been seized \u2014 and its owners aren\u2019t happy","author":"enterpriseam admin","date":"14 April 2021","format":false,"excerpt":"The Ever Given\u2019s owners aren\u2019t happy that their ship has been seized: The owners of the Ever Given have said they are \u201cdisappointed\u201d at the Suez Canal Authority\u2019s (SCA) decision to seize the vessel, claiming they had offered the authority \u201ccarefully considered and generous\u201d compensation for blocking the canal last\u2026","rel":"","context":"In &quot;Suez Canal&quot;","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\/145.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=561579"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561579\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/561580"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561579"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561579"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}