{"id":566507,"date":"2021-06-23T13:33:57","date_gmt":"2021-06-23T13:33:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/ever-given-resolution-in-the-foreseeable-future\/"},"modified":"2021-06-23T13:33:57","modified_gmt":"2021-06-23T13:33:57","slug":"ever-given-resolution-in-the-foreseeable-future","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/23\/ever-given-resolution-in-the-foreseeable-future\/","title":{"rendered":"Ever Given resolution in the foreseeable future?"},"content":{"rendered":"

<\/a> Lawyers <\/strong>representing the Ever<\/strong> Given\u2019s owner and ins. company <\/strong>have<\/strong> reached an <\/strong>agreement in principle with the Suez Canal Authority (SCA) over compensation claims<\/strong>, Al Masry Al Youm<\/a> reports. The ship\u2019s ins. provider, UK P&I Club, said earlier this month that it was engaged in \u201cserious and constructive negotiations<\/a>\u201d with the SCA, and hoped a resolution was on the horizon, while the SCA said earlier this week<\/a> that it had received a \u201csuitable\u201d compensation offer from Shoei Kisen, the owners of the Ever Given, for the six-day blockage of the canal in March. The SCA did not disclose a figure at the time.<\/p>\n

An imminent release of the ship and its crew? <\/strong>The mega vessel will be released from Egypt as soon as official procedures are complete, the lawyer added. The ship, as well as its 18k containers and 26 member crew<\/a> had been held in the Great Bitter Lake pending negotiations since March, with a small number of crew members<\/a> whose contracts had expired being allowed to disembark in April.<\/p>\n

What\u2019s the latest offer on the table? <\/strong>The SCA has earlier slashed its demands to USD 550<\/a>mn<\/a> from USD 916 mn<\/a>, but the ins. companies were reportedly only willing to only pay out USD 150 mn<\/a>.<\/p>\n

We\u2019re awaiting a potential ruling <\/strong>on the<\/strong> compensation case on 4 July:<\/strong> The Ismailia Economic Court had postponed its hearing<\/a> to early next month based on the request of representatives of both sides, who wanted more time to reach a settlement agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lawyers representing the Ever Given\u2019s owner and ins. company have reached an agreement in principle with the Suez Canal Authority (SCA) over compensation claims, Al Masry Al Youm reports. The ship\u2019s ins. provider, UK P&I Club, said earlier this month that it was engaged in \u201cserious and constructive negotiations\u201d with the SCA, and hoped a […]<\/p>\n","protected":false},"author":1,"featured_media":566508,"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":[10111],"tags":[633,134,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-suez-canal","tag-enterprisepm","tag-ever-given","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"dbf74e43-1cfa-4910-8081-cd37df83a072","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/569.jpg","photo_position":"above","related_issue":[566501],"teaser":"","voice_url":""},"yoast_head":"\nEver Given resolution in the foreseeable future? - 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\/06\/23\/ever-given-resolution-in-the-foreseeable-future\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ever Given resolution in the foreseeable future?\" \/>\n<meta property=\"og:description\" content=\"Lawyers representing the Ever Given\u2019s owner and ins. company have reached an agreement in principle with the Suez Canal Authority (SCA) over compensation claims, Al Masry Al Youm reports. 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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":563478,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/ever-given-unshackled\/","url_meta":{"origin":566507,"position":1},"title":"Ever Given unshackled","author":"enterpriseam admin","date":"5 July 2021","format":false,"excerpt":"The Ever Given will be released on Wednesday, 7 July after the Suez Canal Authority (SCA) and the Ever Given\u2019s owners reached a compensation settlement for the six-day blockage of the canal in March, the authority told Bloomberg yesterday. The SCA said that a signing ceremony will be held on\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\/7\/30.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563445,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/04\/is-the-ever-given-dispute-finally-resolved\/","url_meta":{"origin":566507,"position":2},"title":"Is the Ever Given dispute finally resolved?","author":"enterpriseam admin","date":"4 July 2021","format":false,"excerpt":"The owner of the Ever Given has reportedly agreed to pay USD 540 mn in compensation to Egypt for the blockage of the Suez Canal just a few days before a legal showdown in an Egyptian court. Sources tell Al Arabiya that Shoei Kisen and the ship\u2019s ins. companies including\u2026","rel":"","context":"In "DISPUTE WATCH"","block_context":{"text":"DISPUTE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/dispute-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/17.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562423,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/how-low-can-we-go\/","url_meta":{"origin":566507,"position":3},"title":"How low can we go?","author":"enterpriseam admin","date":"24 May 2021","format":false,"excerpt":"SCA cuts its Ever Given compensation demand \u2014 again: The Suez Canal Authority (SCA) has again downgraded its compensation demands for the Ever Given\u2019s blockage of the Suez Canal, saying it\u2019s now looking for USD 550 mn, SCA boss Osama Rabie told Al Hayah Al Youm\u2019s Mohamed Sherdy yesterday (watch,\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\/205.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561294,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/and-now-we-investigate\/","url_meta":{"origin":566507,"position":4},"title":"And now, we investigate","author":"enterpriseam admin","date":"1 April 2021","format":false,"excerpt":"The Suez Canal Authority\u2019s (SCA) investigation into the Ever Given\u2019s grounding is now officially underway. Officials from the SCA will board the vessel today to begin their probe into the crew\u2019s actions in the moments leading to the ship running aground in the Suez Canal last week Sayed Sheaysha, a\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\/11.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562608,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/31\/a-solution-to-the-ever-given-spat-could-be-found-within-a-week\/","url_meta":{"origin":566507,"position":5},"title":"A solution to the Ever Given spat could be found within a week","author":"enterpriseam admin","date":"31 May 2021","format":false,"excerpt":"An imminent breakthrough in Ever Given talks? A breakthrough in settlement talks between the Suez Canal Authority (SCA) and the owners of the Ever Given container ship might be coming \u201cin the coming days or week,\u201d Khaled Abu Bakr, an advisor to the SCA chairman, said at a presser yesterday,\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\/280.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\/566507","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=566507"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566507\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566508"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566507"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566507"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}