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Evergreen affirms authority's million-dollar claim and calls it "unsubstantiated"

The claim for compensation from the Suez Canal Authority is largely "unsubstantiated," says shipping company Evergreen, which hereby confirms the claim of USD 916 million. The parties have not yet reached an agreement.

Photo: Mohamed Abd El Ghany/REUTERS / X02738

The million-dollar claim from the Suez Canal Authority (SCA) is not sufficiently substantiated, announces Evergreen, confirming both the million-dollar claim and that several meetings have now taken place between the parties.

In total, SCA demands USD 916 million, which covers over USD 300 million for the rescue work and another USD 300 million for "loss of reputation", among other things, reads the announcement from Evergreen.

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