Article: Ever Given Operator Questions $916M Claim Over Grounding

Article - Media, Publications

Ever Given Operator Questions $916M Claim Over Grounding

Martin Croucher, 15 April 2021

The operator of a giant container ship that blocked the Suez Canal for a week after running aground last month has said that the Egyptian authorities “lack any detailed justification” for demanding almost $1 billion in compensation.

Evergreen Line, the Taiwan-based operator which chartered the Ever Given that blocked traffic in the Suez Canal when it became wedged across the busy sea lane on March 23, said on Wednesday that it is investigating the scope of an Egyptian court order for the vessel to be seized by authorities in Cairo. Ever Given caused a logjam of approximately 200 ships in the canal Continue reading “Article: Ever Given Operator Questions $916M Claim Over Grounding”

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?