SCA Slashes Ever Given Compensation Claims By $300m

The Suez Canal Authority has slashed its Ever Given compensation claims by nearly a third, reports BM Global News.

Ever Given compensation claims

The Egyptian body is now seeking $600m rather than $916m as negotiations stretch into another week to get the 400 m long vessel freed and able to get to its European destinations, seven weeks after it grounded, blocking the key waterway for six days.

After the ship was freed, it was towed to the Great Bitter Lakes and subsequently arrested.

Capping the...

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