UK Club, the insurer of Ever Given, deems the claim against the container ship "exceptionally large", even though the Egyptian canal authority, SCA, recently lowered its claim following the blockage of the Suez Canal, writes Reuters.
Earlier this week, it emerged that the Suez Canal Authority would reduce its damage claim against Ever Given's owner, Japanese Shoei Kisen, by a third from the initial claim of USD 916 million, to almost USD 600 million for the ship to be released and related claims covered.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from ShippingWatch
As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.