July 24, 2021

Lakefront Hartwell

Complete News World

The ship was released on Wednesday

The agreement was reached between the ship’s owner, Japanese company Shoi Kishen, and the Suez Canal Authority (SCA), which manages the important maritime route for international trade, the SCA said in a statement.

A ceremony is scheduled for Wednesday to celebrate the “signing of the agreement” and the “departure of the ship” detained on Lake Amar by Egyptian authorities.

For his part, the ship’s owners ‘and insurers’ representative, Foss Pirmohamed of Stan Marine, a London-based consulting firm, said in a statement that “good progress has been made and a proper solution has been found.”

“Arrangements for the departure of the ship will begin,” he added without further ado.

No information has been released on the amount of compensation.

Initially, Cairo demanded 916 million dollars (approximately 767 million euros), reducing this amount to 600 to 550 million dollars (approximately 461 million euros).

The trial is set to begin on Sunday, with Egyptian officials seeking compensation.

With a capacity of more than 200,000 tons, the Evergreen ran hard March 23 According to experts, the canal prevents traffic from passing through almost 10% of world maritime trade.

This giant ship, flying the Panamanian flag and operated by the Taiwanese owner Evergreen Marine Corporation, lowered its bow on the east coast.

The six-day permit operation required more than a dozen draws and trenches to dig the bottom of the canal, which was complicated by the rocky nature of the terrain.

A total of 422 ships, carrying 26 million tons of cargo, were stranded for six days. An SCA employee died while the ship was being modified.

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Embraced equipment

According to the SCA, Egypt lost between $ 12 million and $ 15 million (approximately $ 9.8 million to $ 12.5 million) per day of closure.

According to the Insurer Alliance, losses to the global maritime trade reach between six and 10 billion dollars a day.

At the end of June, an “initial” agreement on compensation was announced between Egypt and the owner of Evergreen.

One of its main sources of revenue, the canal route brought about $ 5.7 billion to Egypt in 2019-2020.

Nearly 19,000 ships used the canal by 2020, an average of 51.5 vessels per day, according to the SCA.

Following the water blockade, Egyptian President Abdel Fattah al-Sisi promised his country to buy more suitable equipment to be prepared to face similar situations.

CC did not specify what equipment Egypt would like to buy, but SCA President Admiral Osama Robbie noted the new tug-of-war. (TV5 with Monte)