• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Ever Given to have settlement talks with SCA following adjournment of court proceedings

4 years ago
in highlights, Home, home-news, latest News, Maritime, Trade
2 min read
0 0
0
107
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The Ismailia Economic Court of First Instance in Egypt has adjourned the proceedings in the claim of the Suez Canal Authority (SCA) over Ever Given’s grounding until June 20, 2021.

This period is expected to allow for further settlement discussions to take place between the owners of the vessel Shoei Kisen Kaisha and the canal authority.

“Since the start of this case, the owners of the Ever Given and their insurers have been committed to an amicable and fair resolution of this matter and remain so. We look forward to further discussions and bringing this matter to a close as soon as is practicable,” the indemnity insurer of the vessel UK P&I Club said.

The Suez Canal Authority has reduced the value of the required compensation by 40% from $916 million to $550 million, provided that $200 million is paid in advance, while the remaining $350 million is paid as letters of guarantee issued by an “A class” bank in Egypt.

The offer is yet to be accepted by the owners of the ship.

In a recent statement, SCA Chairman Osama Rabie said that the investigations of the incident caused by the Panamanian-flagged container ship Ever Given was caused by a mistake in directing the ship, which is the responsibility of the ship’s master and not the authority’s pilots, as the pilots’ opinion is advisory and non-binding.

Therefore, SCA believes the owners and operators bear the responsibility for damages that may befall the authority, its property, others, or the ship itself.

RelatedPosts

The National Security Implications of Illegal Gold Mining in Ghana

The Galamsey Fight, Jobs, and Livelihoods

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

 The containership was arrested on April 13, 2021 after SCA and the shipowners failed to reach a deal on the compensation claim, as the latter felt the amount to be too high and unsupported.

The ship has been anchored in the Great Bitter Lakes region since March 29, 2021, awaiting for the legal battle over compensation to be resolved.

Ever Given is manned by 25 Indian sailors. The seafarers whose contracts had expired were allowed to carry out crew changes and sign off.

Meanwhile, another containership ran aground in the canal last week. Rabie confirmed in a statement on May 29, that Maersk Emerald suffered engine trouble while transiting the waterway in the southbound convoy.

The Suez Canal Authority’s salvage groups managed to refloat the vesel quickly with the assistance of 4 tugboats. The vessel resumed its transit through the canal after the vessel’s crew carried out the neccesary repairs while at anchor at the Great Bitter Lakes.

The SCA Chairman highlighted that the navigation through the canal was not impacted as the transit of the South-bound convoy was shifted to the New Suez Canal through the Eastern Al-Defreswar by-pass.

The Singaporean-flagged containership Maersk Emerald is 353 meters -long and has a beam of 48 meters. The ship was loaded with a cargo of 146 thousand tons. All crew members were reported to be safe.

Source: offshore-energy.biz
Via: norvanreports
Tags: Ever GivenSuez Canal Authority (SCA)vessel Shoei Kisen Kaisha
No Result
View All Result

Highlights

ECG Cancels Over 200 Contracts in Procurement Clean-Up

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

Manchester United Unveils Plans for Canopy-Free Old Trafford Upgrade

Premier League: Hearts of Oak Edge Eleven Wonders to go top

Why Women Must Be Involved In Building Flood Resilience

African Development Bank Group and Michael Bloomberg to Drive Private Investment into Africa

Trending

Features

The National Security Implications of Illegal Gold Mining in Ghana

September 27, 2025

The National Security Implications of Illegal Gold Mining in Ghana For decades, illegal small-scale gold mining, or...

The Galamsey Fight, Jobs, and Livelihoods

September 27, 2025

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

September 27, 2025

ECG Cancels Over 200 Contracts in Procurement Clean-Up

September 27, 2025

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

September 27, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.