Suez blocked by stuck ship!
Discussion
MOTORVATOR said:
kowalski655 said:
MOTORVATOR said:
.... She is also not far short of the beam that would exclude her passage in any more than 10 knot cross wind which I think is what that Tug boat owner was alluding to.....
Bit awkward if the wind gets up above 10kn half way down the canal. I suppose they could always turn around & go back 
My initial suggestion of a failed handbrake turn might have been spot on after all
saaby93 said:
MOTORVATOR said:
Du1point8 said:
saaby93 said:
$900m claim
https://www.bbc.co.uk/news/world-middle-east-56743...
How substantiated does that have to be?
Surely once they've paid the digger guy the costs of refloating - everyone can get on their way?
How is this possible as surely they would have taken on a Suez crew that pilot the ship in the canal, So that means they are suing their own company who crashed the ship?https://www.bbc.co.uk/news/world-middle-east-56743...
How substantiated does that have to be?
Surely once they've paid the digger guy the costs of refloating - everyone can get on their way?
I seem to recall some mention of engine failure when the news broke - but maybe they were just guessing.
So what will they do when wind is forecast at 40kts - close the canal? And what happens if they don't have adequate warning? If it really was solely caused by a sudden strong wind I'm surprised this doesn't happen more often.
So what will they do when wind is forecast at 40kts - close the canal? And what happens if they don't have adequate warning? If it really was solely caused by a sudden strong wind I'm surprised this doesn't happen more often.
This is nothing more than pure greed from the SCA.
EGYPT HAS ARRESTED the Evergreen-operated boxship Ever Given, pending settlement of the Suez Canal Authority’s almost $1bn claim for compensation, after the grounding of the vessel shut down the key waterway for six days last month.
The development has sparked dismay in the marine insurance community, which regards the Suez Canal Authority’s claim as hugely
exaggerated, and more in the nature of an opening bid for negotiation purposes rather than a realistic estimate of the losses involved.
It will also heap on the misery for cargo interests, which still have no idea of when consignees can realistically expect delivery.
In a statement, technical manager Bernhard Schulte Shipmanagement said that investigations by classification society American Bureau of Shipping, including underwater inspections, were now complete.
However, Ever Given remains at anchor and is unlikely to move without the go-ahead from the Suez Canal Authority. In the meantime,
the crew are not being allowed to leave the ship.
Separately, the UK P&I Club – the British marine mutual that wrote third-party liability cover for the
vessel — has said in a statement that the owners had received a $916m compensation demand from the
Suez Canal Authority last week.
That figure excludes Smit’s claim for professional salvage services, which Shoei Kisen and its Japanese
market hull underwriters expect to receive separately.
The magnitude of the claim was described as “largely unsupported”, and to have included a
$300m element for loss of reputation and another $300m by way of a so-called “salvage bonus”.
A “carefully considered and generous” counter-offer, of undisclosed amount, was made on Monday. This
was rejected, and Ever Given was arrested on Tuesday.
“We are disappointed by the SCA’s subsequent decision to arrest the vessel,” the club said. “We are
also disappointed at comments by the SCA that the ship will be held in Egypt until compensation is
paid, and that her crew will be unable to leave the vessel during this time.”
Marine insurers, which have been braced for a huge demand ever since the casualty occurred, privately
insist that the Suez Canal Authority has a reputation for exaggerated insurance claims in the past.
Sources close to the situation did not want to make public comment, for fear of saying anything that
could make life harder for the seafarers still on board Ever Given.
But a person with involvement in surrounding litigation, who asked not to be named, argued: “It’s a
complete joke. The ship is worth $100m, there or thereabouts.
“No one in their right minds is going to be paying a claim or providing security for nine times the value
of the ship. They’ll just say, you take the ship.”
The complicating factor is the crew on board, who are effectively being held hostage along with the
vessel.
“In order to lift the arrest order as soon as possible, Evergreen is urging all concerned parties to
facilitate a settlement agreement to be reached,” said Evergreen, which operates Ever Given on demise
charter. It said it is “investigating the scope of such a court order and studying the possibility of the vessel
and the cargo on board being treated separately.”
However, there is no doubt that the Egyptian authorities are within their rights to seize Ever Given, even though the domestic courts may not be entirely neutral, according to one lawyer.
++++++ “They have a claim, they’ve gone to the Egyptian courts and they’ve got an arrest. In footballing terms, it’s like having the referee playing for your side,” he said. ++++++
EGYPT HAS ARRESTED the Evergreen-operated boxship Ever Given, pending settlement of the Suez Canal Authority’s almost $1bn claim for compensation, after the grounding of the vessel shut down the key waterway for six days last month.
The development has sparked dismay in the marine insurance community, which regards the Suez Canal Authority’s claim as hugely
exaggerated, and more in the nature of an opening bid for negotiation purposes rather than a realistic estimate of the losses involved.
It will also heap on the misery for cargo interests, which still have no idea of when consignees can realistically expect delivery.
In a statement, technical manager Bernhard Schulte Shipmanagement said that investigations by classification society American Bureau of Shipping, including underwater inspections, were now complete.
However, Ever Given remains at anchor and is unlikely to move without the go-ahead from the Suez Canal Authority. In the meantime,
the crew are not being allowed to leave the ship.
Separately, the UK P&I Club – the British marine mutual that wrote third-party liability cover for the
vessel — has said in a statement that the owners had received a $916m compensation demand from the
Suez Canal Authority last week.
That figure excludes Smit’s claim for professional salvage services, which Shoei Kisen and its Japanese
market hull underwriters expect to receive separately.
The magnitude of the claim was described as “largely unsupported”, and to have included a
$300m element for loss of reputation and another $300m by way of a so-called “salvage bonus”.
A “carefully considered and generous” counter-offer, of undisclosed amount, was made on Monday. This
was rejected, and Ever Given was arrested on Tuesday.
“We are disappointed by the SCA’s subsequent decision to arrest the vessel,” the club said. “We are
also disappointed at comments by the SCA that the ship will be held in Egypt until compensation is
paid, and that her crew will be unable to leave the vessel during this time.”
Marine insurers, which have been braced for a huge demand ever since the casualty occurred, privately
insist that the Suez Canal Authority has a reputation for exaggerated insurance claims in the past.
Sources close to the situation did not want to make public comment, for fear of saying anything that
could make life harder for the seafarers still on board Ever Given.
But a person with involvement in surrounding litigation, who asked not to be named, argued: “It’s a
complete joke. The ship is worth $100m, there or thereabouts.
“No one in their right minds is going to be paying a claim or providing security for nine times the value
of the ship. They’ll just say, you take the ship.”
The complicating factor is the crew on board, who are effectively being held hostage along with the
vessel.
“In order to lift the arrest order as soon as possible, Evergreen is urging all concerned parties to
facilitate a settlement agreement to be reached,” said Evergreen, which operates Ever Given on demise
charter. It said it is “investigating the scope of such a court order and studying the possibility of the vessel
and the cargo on board being treated separately.”
However, there is no doubt that the Egyptian authorities are within their rights to seize Ever Given, even though the domestic courts may not be entirely neutral, according to one lawyer.
++++++ “They have a claim, they’ve gone to the Egyptian courts and they’ve got an arrest. In footballing terms, it’s like having the referee playing for your side,” he said. ++++++
J6542 said:
Surely the insurance companies need to get together and refuse to insure any ship going through the canal, making them go the long way. Saying you can have the £900 million but no further business.
It is a very serious issue.No doubt, there is a discussion to be had regarding fair recompense, and even some sort of future plan to fund additional capacity/infrastructure, but right now the matter is heading toward a level where diplomatic intervention/persuasion may be necessary. There are a lot of international interests at stake.
Digga said:
It is a very serious issue.
No doubt, there is a discussion to be had regarding fair recompense, and even some sort of future plan to fund additional capacity/infrastructure, but right now the matter is heading toward a level where diplomatic intervention/persuasion may be necessary. There are a lot of international interests at stake.
Perhaps the British and the French could take over the canal? No doubt, there is a discussion to be had regarding fair recompense, and even some sort of future plan to fund additional capacity/infrastructure, but right now the matter is heading toward a level where diplomatic intervention/persuasion may be necessary. There are a lot of international interests at stake.
Might need to use force?
epom said:
It does seem a little like daylight robbery. Let’s see how much we can get, someone think of a figure... 1 billion, perfect. Don’t think they’ll get it being honest.
What’s the cost of a ship as big as that one ? Can’t be cheap.
There must be some sort of international adjudication system, surely?What’s the cost of a ship as big as that one ? Can’t be cheap.
They will decide what is a fair compromise?
There must be some serious dough tied up in that boat and its cargo.
The Mad Monk said:
Digga said:
It is a very serious issue.
No doubt, there is a discussion to be had regarding fair recompense, and even some sort of future plan to fund additional capacity/infrastructure, but right now the matter is heading toward a level where diplomatic intervention/persuasion may be necessary. There are a lot of international interests at stake.
Perhaps the British and the French could take over the canal? No doubt, there is a discussion to be had regarding fair recompense, and even some sort of future plan to fund additional capacity/infrastructure, but right now the matter is heading toward a level where diplomatic intervention/persuasion may be necessary. There are a lot of international interests at stake.
Might need to use force?
epom said:
It does seem a little like daylight robbery. Let’s see how much we can get, someone think of a figure... 1 billion, perfect. Don’t think they’ll get it being honest.
What’s the cost of a ship as big as that one ? Can’t be cheap.
About 100 million this was quoted from Lloyd's List by an earlier poster. What’s the cost of a ship as big as that one ? Can’t be cheap.
Mykap said:
epom said:
It does seem a little like daylight robbery. Let’s see how much we can get, someone think of a figure... 1 billion, perfect. Don’t think they’ll get it being honest.
What’s the cost of a ship as big as that one ? Can’t be cheap.
About 100 million this was quoted from Lloyd's List by an earlier poster. What’s the cost of a ship as big as that one ? Can’t be cheap.
Mykap said:
epom said:
It does seem a little like daylight robbery. Let’s see how much we can get, someone think of a figure... 1 billion, perfect. Don’t think they’ll get it being honest.
What’s the cost of a ship as big as that one ? Can’t be cheap.
About 100 million this was quoted from Lloyd's List by an earlier poster. What’s the cost of a ship as big as that one ? Can’t be cheap.
Thats only about £5000 a container not including the price of the ship.
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