Egypt seeks financial settlement with owners of Ever Given ship out of court

Egypt seeks financial settlement with owners of Ever Given ship out of court

The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week.

Lt Gen Osama Rabie told The Associated Press he hoped talks with Shoei Kisen Kaisha Ltd, the Japanese owner of the skyscraper-sized Ever Given, will conclude without a lawsuit.

“We are discussing with them a peaceful resolution to the matter without resorting to the judiciary,” he said.

He maintained that bringing the case before a court would be more harmful to the firm than settling with the canal's management.



The canal chief said last