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Egypt releases container ship “Ever Given” on Wednesday

DThe Egyptian authorities will release the container ship “Ever Given” next week. The Canal Authority announced on Sunday that it will sign an agreement with the shipowner at a ceremony on Wednesday. Then “disembarking” is also planned. The “Ever Given” blocked the Suez Canal for 6 days in March.

The Suez Canal Authority seized the ship while negotiating with the shipowner, Shoei Kisen Kaisha, Japan, on compensation for loss of income and free tug fees.

The “Ever Given” was caught in a sandstorm on March 23 and ran aground. The 400-meter-long ship was subsequently stuck on a narrow canal, with more than 400 ships in front and behind. It was towed away for free on March 29.

According to the Canal Authority, due to the blockade of important trade routes, Egypt loses between US$12 million and US$15 million in income every day. Last week, the head of the agency, Osama Rabie, said that a preliminary settlement has been reached on compensation.

Initially, Egypt sought compensation of 900 million U.S. dollars (approximately 750 million euros), and recently reduced its claim to 550 million U.S. dollars.

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