. Early agreement reached in dispute over Suez Canal ship « JO LEE MAGAZINE

ABC News – The owners and insurers of the giant container ship that blocked the Suez Canal for nearly a week earlier this year have reached an ‘agreement in principle’.

The dispute centers on the compensation amount the Suez Canal Authority is claiming for the salvage of the vessel Ever Given, which ran aground in March, blocking the crucial waterway for six days. The money would cover the salvage operation, costs of stalled canal traffic, and lost transit fees for the week the Ever Given blocked the canal.

Suez Canal Authority demanded $916 million in compensation, which was later lowered to $550 million.

More at ABC News





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