Carriers

Insurance bill for Ever Given could exceed USD 2bn

Ever Given’s world-famous grounding last year in the Suez Canal created big problems for supply chains. The consolidated insurance bill could surpass USD 2bn, says French reinsurer.
Container vessel Ever Given blocked the Suez Canal for six days – causing major problems for the world trade. | Photo: Maxar Technologies/Reuters/Ritzau Scanpix
Container vessel Ever Given blocked the Suez Canal for six days – causing major problems for the world trade. | Photo: Maxar Technologies/Reuters/Ritzau Scanpix
by KIM WIESENER

The total bill for insurance companies in connection with container ship Ever Given’s grounding last year in the Suez Canal could end up being more than USD 2bn, writes French reinsurer SCOR in a thorough report on lessons learned by the six-day blockage that resulted in supply chain delays several months long.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs