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Ever Given
Review of stranding
The EVER GIVEN, a large container ship owned by Evergreen, ran aground shortly after entering the Suez Canal at about 6am on March 23, blocking the waterway in both directions and causing massive backlogs and delays.
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Stranding and blocking the channel
Along with it were 18,300 containers loaded onto the ship, which its owners estimated to have cost about $775m;
The accident blocked the Suez Canal for six days, and the damage was incalculable.
According to SCA, Egypt is losing $12 million to $15 million in revenue every day by closing the waterway, while the grounding of ships and the extensive salvage work needed to refloat them has also caused significant damage to the canal.
According to the data of large shipping schedule, the shipping companies of co-holding may include: ANL, APL, CMA CGM, CNC, COSCO SHIPPIN, OOCL.
SCA is seeking $916 million in compensation for salvage work, reputational damage and lost revenue before publicly lowering its demand to $550 million.
Due to the huge amount of claims, the parties are not compromised, the negotiations were at an impasse, but the ship was detained!
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It took more than 3 months
A settlement was finally reached
Local time on July 4th, is responsible for the protection and indemnity insurance "long" has been the British protection and indemnity association, said in a statement on the steamer "long" in March, the Suez Canal grounding accident compensation dispute, shipowners and protection and indemnity association had reached a formal solution and Egypt's Suez Canal administration, the acp will be ready to release the cargo.
According to Reuters, the Suez Canal Authority said the ship would reopen on July 7.
The UK P&I Club, the underwriter of the Changchi container ship, has officially announced that it will be available to customers if it has cargo on board - and after three months of waiting, buyers can finally expect to receive it!
路透社报道
Why did the Changchi remain in Egypt for so long after it was towed out? Because it is the "quality of the ship" to talk about compensation.
At one point, the Suez Canal Authority asked for $900 million in damages, including a ridiculous $300 million in "reputational damages" and $300 million in "rescue bonuses." They interned the Changchi, with her cargo and crew, in the great Bitter Lake in the middle of the Suez Canal, and would not let her go without compensation.
At one point Eva (chartering the ship) suggested that Suez Canal Authority could hold the ship and negotiate compensation with the British (insurance company) and Japanese (owners), and we would unload the cargo first. Egypt, of course, would reject such a plan.
In early May, Egypt offered to pay $600m, but the British insurance company said it was still unreasonable, and the Japanese (the shipowner, Shinei) said it could not pay more than $150m.
In late May, the Suez Canal Authority said it would release the ship for $200 million up front.
Now, no one knows what the final figure was. What is certain is that this money needs shippers to bear together.
Because on April 1, the Japanese owner of the Nagasti, Shinei Steamship, officially declared general average.
This means that all shippers who have goods on board the ship are liable together, and all goods must be secured before they arrive at their destination, otherwise the shippers will not be able to take delivery.
The Changsi, which carries 20,000 full containers, was carrying 18,300 containers from Kaohsiung to Rotterdam, nearly full, with a total cargo value of about $3.5 billion. The ship has called at Qingdao, Shanghai, Ningbo, Taipei, Yantian and other ports. It is estimated that 80 percent of the cargo on board comes from China.
Therefore, a large number of Chinese shippers are faced with the embarrassing situation of "the goods are fine, but they have to lose money or give the letter of guarantee to pick up the goods".
Original address:
https://www.seatrade-maritime.com/finance-insurance/ever-given-reflections-largest-general-average-case-history