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Suez Canal, Ever Given Ship Owners Reach Compensation Deal

  • Parties have reached an ‘agreement in principle,’ say lawyers
  • Once a deal is finalized, ship will be allowed to leave Egypt
The Ever Given container vessel blocks the Suez Canal on March 25.

The Ever Given container vessel blocks the Suez Canal on March 25.

Source: Airbus Space

Updated on

Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.

“Following extensive discussions with the Suez Canal Authority’s negotiating committee over the past few weeks, an agreement in principle between the parties has been reached,” Stann Marine Ltd., a London-based law firm for the Ever Given’s owners and insurers, said in an emailed statement.