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WEDNESDAY, JULY 09, 2025
Ship insurer says Egypt seeking $916 mln over Suez Canal blockage

World+Biz

Reuters
13 April, 2021, 10:00 pm
Last modified: 14 April, 2021, 05:54 pm

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Ship insurer says Egypt seeking $916 mln over Suez Canal blockage

UK Club, the protection & indemnity (P&I) insurer for the Ever Given, said in a statement it was disappointed that the ship and its crew were being held in the canal until compensation was paid

Reuters
13 April, 2021, 10:00 pm
Last modified: 14 April, 2021, 05:54 pm
The bow of container vessel MV Ever Given after running aground in the Suez Canal. Source: Suez Canal Authority/via AP Photo/Bloomberg
The bow of container vessel MV Ever Given after running aground in the Suez Canal. Source: Suez Canal Authority/via AP Photo/Bloomberg

One of the insurers of the container ship that was stuck in the Suez Canal last month for nearly a week said on Tuesday that Egypt had filed a compensation claim for $916 million against Japanese owner Shoei Kisen.

UK Club, the protection & indemnity (P&I) insurer for the Ever Given, said in a statement it was disappointed that the ship and its crew were being held in the canal until compensation was paid.

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