The Mudcat Café TM
Thread #169595   Message #4112416
Posted By: GUEST,henryp
05-Jul-21 - 05:59 PM
Thread Name: Lyr Add: The Ever Given Disaster-2021
Subject: RE: Lyr Add: The Ever Given Disaster-2021
Monday 5 July 2021; Egypt will release the container ship that blocked the Suez Canal in March, after it agreed a compensation deal with the vessel's owners and insurers. The two sides said the Ever Given would be allowed on Wednesday to leave the Great Bitter Lake, the canal's midway point, where it has been impounded.

UK Club, which insured the Ever Given's owner Shoei Kisen for third-party liabilities, announced on Sunday that a "formal solution" had been agreed with the Suez Canal Authority (SCA) to settle their dispute over compensation. "Preparations for the release of the vessel will be made and an event marking the agreement will be held at the authority's headquarters in Ismailia in due course," it added.

The SCA said the event would be held on Wednesday, and that participants would be able to watch the ship leaving the canal.