• 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 finally depart Suez Canal on Wednesday

4 years ago
in highlights, Home, home-news, latest News, Maritime, Trade
1 min read
0 0
0
54
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

After being stuck in the Suez Canal for over three months, the 20,000 TEU containership Ever Given is poised to leave the waterway as the canal authority and the owners of the vessel reach a final deal on compensation.

“The UK Club is pleased to announce that, following the agreement in principle between the parties, and after further meetings with the Suez Canal Authority’s (SCA) negotiating committee and numerous court hearings, good progress has been made and a formal solution has now been agreed,” UK P&I Club said in an update.

“Preparations for the release of the vessel will be made and an event marking the agreement will be held at the authority’s headquarters in Ismailia in due course.”

The two sides came to terms about the compensation for the ship’s grounding in the waterway at the end of June after a months-long tug of war on the height of the claim and shifting of blame for the incident.

Initially, the Suez Canal Authority sought compensation worth $916 million, which the owners turned down as too high. Subsequently, the claim was reduced to $550 million, provided that $200 million is paid in advance, while the remaining $350 million is paid as letters of guarantee.

The money is intended to cover the costs incurred by the salvage operation, as well as losses resulting from the canal’s six-day blockage.

Final details on the settlement amount have not been disclosed.

RelatedPosts

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

BoG Designates Digital Credit Services as Non-Bank Financial Service

The SCA said that a signing ceremony would be held in the city of Ismailia on Wednesday when the ship would be allowed to leave the Great Bitter Lakes, the Associated Press reports.

The Panama-flagged, containership is owned by Japanese company Shoei Kisen Kaisha and was chartered by Taiwanese Evergreen Marine Corporation when it got grounded on 23 March, blocking the waterway for six days and causing a massive gridlock for the global trade.

On 29 March, the ship was refloated and towed to the Great Bitter Lake region, enabling SCA to resume commercial operations and clear the backlog.

Ever Given, with 25 sailors on board, was arrested on April 13, 2021, after negotiations on compensation hit a wall.

Source: offshoreenergy.biz
Via: norvanreports
Tags: Ever GivenJapanese company Shoei Kisen KaishaSuez CanalTaiwanese Evergreen Marine Corporation
No Result
View All Result

Highlights

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition

Brussels Airlines Adds 5 More A320neo Aircraft to its Fleet

Bog Governor Hints at $4bn Inflows From COCOBOD Financing Deal to Support Cedi

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia

Trending

Features

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

August 29, 2025

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle Manchester United manager Ruben Amorim has candidly...

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

August 29, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

BoG Designates Digital Credit Services as Non-Bank Financial Service

August 29, 2025

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

August 29, 2025

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

August 29, 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.