Egypt seeks financial settlement with owners of Ever Given ship out of court
- Date: 13-Apr-2021
- Source: The National
- Sector:Financial Markets
- Country:Egypt
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