October 24, 2021

The Queens County Citizen

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Agreement to release the vessel that blocked the Suez Canal

Agreement to release the vessel that blocked the Suez Canal

Cairo | The Suez Canal Authority (SCA) on Sunday announced an agreement to release the giant container ship. Given anytime, Was selected after blocking the Suez Canal in late March, a key sea route for international trade.

Also read: Suez Canal blocked: Egypt demands 900 million,Given anytime saisi

Also read: L ‘Given anytime Removed, the path on the Suez Canal is clear

Also read: Suez Canal blocked, global shipping slowed

The SCA said in a statement that the agreement was reached with the ship’s owner. A ceremony will be held on Wednesday to celebrate the “signing of the agreement” and the “departure of the ship” that Egyptian authorities detained on one of the two bitter lakes.

With a capacity of 200,000 tons, theGiven anytime According to experts, world maritime trade obstructs traffic on the canal, which crosses almost 10%.

Agreement to release the vessel that blocked the Suez Canal

The blockade lasted for six days. According to the Suez Canal Authority (SCA), Egypt lost between 12 million and 15 million million (approximately 8 9.8 million to .5 12.5 million) per day of closure.

In late June, SCA announced an “initial” agreement on compensation between Egypt and the ownerGiven anytime, After serious negotiations with the ship’s insurance companies.

The main bone of contention in the dispute between Egypt and the ship owner Japanese company Shoi Kisen is on the whole.

Initially, Cairo made a claim of $ 916 million (7 767 million), which was later reduced to $ 600 and then to $ 550 million (approximately 1 461 million). A total of 422 ships loaded with 26 million tonnes of cargo were stranded in March.

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