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The insurance company for ships that blocked the Suez Canal says that the reduced damages are still high



(Reuters) – UK Club, an insurance company for the container ship that blocked the Suez Canal in March, said on Monday that a reduced claim by the Egyptian authorities of almost $ 600 million to free the ship and cover related losses remains "Exceptionally large."

The Suez Canal Authority adjusted its claim from the initial $ 916 million in an attempt to settle out of court, SCA chief Osama Rabie told the private television network MBC Masr on Saturday.

The Ever given, one of the world's largest container vessels, got stuck across the canal for six days from March 23 and stopped traffic in both directions.

The ship, still loaded with thousands of containers, is kept in a lake between two stretches of the canal. in the middle of the dispute over the level of compensation that SCA has claimed from the Japanese owner Shoei Kisen.

Mr. Rabie said on Saturday that there was no immediate prospect of a settlement. "We have not seen any response from them so far, so we are moving on with the question, as we were, in court," he said.

The UK Club stated that the proposed reduced amount had not been reflected in SCA's claims in court.

"Ever Given's owners have still not received any evidence to support a claim of this magnitude, which is still exceptionally large. Ever Givens' interests continue to be negotiated in good faith with SCA, "it added.

An Egyptian economic court will hold a hearing on May 22 to consider SCA's claim for what it describes as losses due to the blocking costs of unloading the ship, SCA sources said.

An Egyptian investigation into the incident found no fault of SCA or its pilots, the sources said without elaborating.

A source said that the court could give SCA the opportunity to auction. from the ship if the owner rejected any decision to compensate the channel authority. Mr Rabie has also mentioned such a result.

An Egyptian court rejected Shoei Kisen's appeal of Ever Givens' detention earlier this month.

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