Posted on 07/07/2021 12:59:30 PM PDT by algore
The Megaship which blocked the Suez Canal for six days in March set sail Wednesday following a compensation deal between Egypt and the vessel's Japanese owner.
The ship, MV Ever Given, started to move north from the central canal city of Ismailia towards the Mediterranean Wednesday morning after having been impounded for more than 100 days.
The nearly 200,000-tonne container vessel was wedged in the canal during a sandstorm on March 23, blocking a passage from Asia to Europe that carries 10% of global maritime trade and pumps vital revenues into Egyptian state coffers.
Egypt seized the ship after an urgent salvage operation and demanded compensation from Japanese owners Shoei Kisen Kaisha for lost canal revenues, salvage costs and damage to the canal.
Egypt will also receive a 75-tonne tugboat from Shoei Kisen Kaisha as part of the compensation package, and noted that the family of one rescue worker who died during the salvage operation would also be compensated.
(Excerpt) Read more at dailymail.co.uk ...
Shoulda called Saul!........................
Oh... maritime law doesn’t stop there.
The assets, insurance, titles, deeds, even the lives of those staffing the boat were the property of Egypt.
Maritime law scares me so much I won’t go on the international water. Hell no.
I’ll wind up in a tent in Kuwait working as a slave in an oil field.
like this poor guy, crazy stuff.
Wasn't an Egyptian Pilot onboard when the ship grounded?
I bet there is a lot of rotting produce on that ship.... Pehaps even rotting bodies.
£400million = $25.5 million US ?
The major ocean container companies have been working off a huge China-inspired capacity glut for the last 10 years. They have increased vessel sizes, while limiting new capacity, and engaging in "slow steaming" to save fuel costs.
Not only does it seem there is under-capacity until new ships can be built, but with more containers carried on fewer huge ships, the chances of supply-chain disruptions caused by any single incident have increased
Then, it's entirely appropriate that Evergiven is being followed by Durham.
WHAT? Are you THAT isolated? £400million would be about $552,079,753!
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