Egypt says it provided “great facilities” for a compensation deal for the blockade of the Suez Canal

The Suez Canal Authority (SCA) has assured that it has created “great opportunities” to reach a compensation agreement for the blockade of the Suez Canal after the cargo ship “Ever Given” blocked traffic on that lane for six days in March.

SCA President Osama Rabie stressed that the organization is seeking an agreement with the ship’s owner and insurer and “has shown all possible means of working together to reach a consensus agreement acceptable to all parties,” it said in a statement published on the SCA website.

As a result, he stressed that the SCA is “approaching” the situation with “complete flexibility”, taking into account “the extensive relationship with the company that owns the ship” and “the circumstances given the economic impact of the coronavirus crisis on the maritime transport industry.

Egypt says it provided “great facilities” for a compensation deal for the blockade of the Suez Canal
Egypt says it provided “great facilities” for a compensation deal for the blockade of the Suez Canal

Rabie, on the other hand, has denied the allegations about the arrest of the ship’s crew, stating that he has no problem if replacements arrive, although he has argued that there must be enough people on the ship for their safety. He also said the captain’s presence is essential.

The Egyptian authorities provisionally confiscated the “Ever Given” on April 13 after demanding $ 900 million in compensation for the losses caused by the blockade of the Suez Canal.

The grounding of the 400 meter long and 59 meter wide “Ever Given”, which carries 224,000 tons of goods, caused an unprecedented congestion on one of the busiest trade routes in the world, paralyzing goods worth 9,500 million euros per day.

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