Egypt, Suez

Egypt, Suez

Insurer for Suez grounded ship appeals detention by Egypt

Insurer for Suez grounded ship appeals detention by Egypt

23/4/2021 3:51:00 PM

Insurer for Suez grounded ship appeals detention by Egypt

LONDON: UK Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday (Apr 23) it had filed an ...

BookmarkLONDON: UK Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday (Apr 23) it had filed an appeal in an Egyptian court over the detention of the vessel by authorities.The Ever Given has been anchored in a lake between two sections of the canal since being dislodged on Mar 29 and is caught in a legal dispute linked to a US$916 million

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against the ship's Japanese owner.AdvertisementAdvertisementUK Club, the Ever Given's protection and indemnity insurer, said the move was necessary as it had not been possible to resolve the issue without continued involvement of the Egyptian courts.

"The appeal against the arrest was made on several grounds, including the validity of the arrest obtained in respect of the cargo and the lack of supporting evidence for the (Suez Canal Authority's) very significant claim," it said.The Suez Canal Authority said on Sunday that investigations into the Ever Given's grounding were continuing alongside efforts to reach an agreement with the ship's insurer and owner. headtopics.com

UK Club said last week the canal's claim included US$300 million for a"salvage bonus" and US$300 million for"loss of reputation".AdvertisementAdvertisementA hearing on the appeal would be held on May 4, it said.Last week, the Suez Canal Authority allowed two crew members from the vessel to return home to India, a move UK Club said was encouraging.

Read more: CNA »

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Suez Canal chief says southern stretch to be expandedCAIRO (Reuters) -The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a container ship became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday. Rabie presented the plan at an event attended by Egypt ian President Abdel Fattah al-Sisi, who indicated that the project should be completed in 24 months at most. The SCA plans to widen the southernmost 30-kilometre (18-mile) stretch of the waterway between the city of Suez and the Bitter Lakes area by 40 metres (130 feet) eastwards, Rabie said.

Suez Canal chief says southern stretch to be expandedCAIRO (Reuters) -The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a container ship became jammed and blocked traffic for six days in March, Chairman Osama Rabie said in a televised address on Tuesday. Rabie presented the plan at an event attended by Egypt ian President Abdel Fattah al-Sisi, who indicated that the project should be completed in 24 months at most. The SCA plans to widen the southernmost 30-kilometre (18-mile) stretch of the waterway between the city of Suez and the Bitter Lakes area by 40 metres (130 feet) eastwards, Rabie said.

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