The Ever Given cargo ship will remain under arrest. Egypt’s Ismaili Economic Court has rejected an appeal by the ship’s owner against a decision to seize the Ever Given cargo ship and its cargo. This was reported by the Egyptian Al-Ahram The newspaper.
The insurance company cited several reasons for its appeal, including doubts about the legality of the seizure of the cargo and the lack of substantiation of the Suez Canal administration’s very important claims for compensation.
In early April, the Ismaili Economic Court ruled to seize the Ever Given cargo ship until the owner paid $ 900 million. The amount of compensation includes administration costs for removing Ever Given from the mud, repairing the vessel, and blocking the canal due to blockage. The Japanese company Shoei Kisen, which owns the cargo ship, announced in April that it was in talks to reduce compensation.
The Ever Given, which is 400 meters long, was traveling from China to Rotterdam, and on March 23, it sank in the mud at the 151st kilometer of the Suez Canal, blocking it for six days and blocking traffic. The ship was taken out of the mud on March 29, after several attempts. More than 15 tow trucks took part in the operation. The navigation has been restored. The last of the 422 ships waiting in line due to the incident crossed the canal on April 3.