17.3 C
Wednesday, June 16, 2021
Home General SCA and Shoei Kisen Pause Ever Given's Court Case for Negotiations

SCA and Shoei Kisen Pause Ever Given’s Court Case for Negotiations

- Advertisement -

courtesy sca
The Ever Given under way after the successful refloat (Courtesy SCA)

May 31, 2021 2:33 PM by

Amidst ongoing negotiations between the Suez Canal Authority (SCA) and Shoei Kisen Kaisha over the fate of the container ship Ever Given, the UK Club, a protection and indemnity insurer of Ever Given, released a statement stating that proceedings are adjourned until June 20. 

“Since the start of this case, the owners of the Ever Given and their insurers have been committed to an amicable and fair resolution of this matter and remain so. We look forward to further discussions and bringing this matter to a close as soon as is practicable” the UK Club said in a statement published on May 29.

As the negotiations proceed, the SCA has launched a social media campaign highlighting its efforts to refloat the vessel and reopen the canal. On Thursday, the SCA released a video describing how it “assumed full responsibility in dealing with the grounding crisis,” “harnessed all its technical and human capabilities,”  and deployed “more than 600 members of the authority’s staff as well as 15 tugs” to salvage the Ever Given. 

The video also echoes SCA’s contention that Ever Given is at fault for the grounding, asserting that “the navigation traffic in the Suez Canal runs normally even during bad weather.” 

As stands, the SCA has filed a claim for $550 million, a 40 percent reduction from their previous request of $916 million. The SCA said that it would accept $200 million in advance to allow the vessel to leave, and the remaining $350 million can be paid as letters of guarantee. 

Abdulgani Serang, the general secretary-cum treasurer of the National Union of Seafarers India, compared the previous nearly $1 billion demand to ransom in a Business Insider India article. 

The opinions expressed herein are the author’s and not necessarily those of News2Sea.


#SCA #Shoei #Kisen #Pause #Givens #Court #Case #Negotiations


Cocaine Smuggled Aboard Cruise Ship Seized at Port Everglades

Cruise ship operations are poised to resume in the United States, which will be welcomed by cruise lines...

Thai bulkers in Q1 and optimism

Precious Shipping Plc Q1Precious Shipping Plc. (PSL) boasted a first quarter profit of $12.3m, from a loss...

Judge Orders Offshore Drilling Leasing to Resume in Setback for Biden

By Nichola Groom June 15 (Reuters) – A federal judge in Louisiana on Tuesday blocked the Biden administration’s pause on oil and gas leasing on...


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Nigeria to release tanker named San Padre Pio

It was learned that Nigeria would release a tanker named San Padre Pio with the Swiss flag, which he seized and seized while transferring...

Kuzey Star Shipyard will complete the floating port construction in 29 months

FSUE Atomflot, operating under the Russian State Atomic Energy Agency Rosatom, and the Turkish Kuzey Star Shipyard signed the agreement for the construction of...

Russia begins Agile Dagger 2021 Exercise in the Pacific Ocean

The Russian Ministry of Defense announced that the Pacific Ocean Fleet has started the largest exercise in the Pacific Ocean since the USSR era,...

Swimmer Alper Sunaçoğlu will swim from Anamur to Girne

Record-breaking swimmer Alper Sunaçoğlu will swim from Anamur to Girne on the anniversary of the 20 July Cyprus Peace Operation.Record-breaking swimmer Alper Sunaçoğlu aims...

Recent Comments