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Shippers still don't know who pays for what in Suez compensation

SHIPPERS are left in the lurch as a dispute between Suez Canal Authority (SCA) and the Japanese owner of the 20,124-TEU Ever Given over compensation for the six-day blockage of the canal drags on, reports London's Loadstar

16 April 2021 - 04:20
SHIPPERS are left in the lurch as a dispute between Suez Canal Authority (SCA) and the Japanese owner of the 20,124-TEU Ever Given over compensation for the six-day blockage of the canal drags on, reports London's Loadstar.

Cargo owners remain ignorant when and where their containers will be made available, or the percentage of the value of their cargo that will be required by the average adjusters in the form of an insurance bond or cash deposit.



The vessel was re-floated on March 29 after becoming wedged across the waterway for six days, and was moved to the Great Bitter Lake convoy assembling point for surveyors to assess any damage to the hull.



Shipowner Shoei Kisen Kaisha said it would 'continue to fully cooperate' with the SCA in its accident investigation and had submitted to the canal authority nautical information data from the ship's voyage data recorder (black box).



Since then, however, there have been no further updates from the shipowner, while negotiations have continued with the SCA - reported to be demanding US$1 billion in compensation to cover the costs of freeing the vessel and the estimated $100 million loss of transit fees.



SCA chairman Osama Rabie said the authority had 'spared no effort' to salvage the stricken ship, deploying 15 tugs, two dredgers and 600 personnel to the casualty.



'The vessel will remain here until investigations are complete and compensation is paid,' he told the Wall Street Journal.


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