Suez Canal Authority Reduces Ever Given Compensation To $600M

EVER GIVEN Successfully Refloated, Normal Transits Of Suez Canal Resume

In a major development, the Suez Canal Authority has reduced the compensation amount for the Ever Given ship blockage. The compensation has now gone down to 600$ million from 916$ million which had been asked earlier.

The announcement for reducing the compensation amount comes at a time when a local court in Egypt upheld the SCA’s decision to detain the ship’s crew. The next hearing of the case is due next week.

The SCA Chairperson Admiral Osama Rabie had confirmed this when he spoke on a local...

Swedish Club Issues New Bunker Alerts for Next-gen Loss Prevention

  • An updated version of The Swedish Club’s Trade Enabling Loss Prevention tool (TELP) now offers its members targeted bunker alerts.
  • The guidelines warns vessels of fuel quality issues reported at global ports.

A new release of The Swedish Club’s Trade Enabling Loss Prevention tool (TELP), the next generation of loss prevention, has just been launched to Club members.

Fuel testing service

The service, which is free of charge to members of The Swedish Club, has been developed in association with...

BP Project in Mauritania and Senegal

Petrofac secures contract for bp project in Mauritania and Senegal, says an article on Petrofac.

Greater Tortue Ahmeyim (GTA)

Petrofac has secured a contract with bp to develop operational procedures for their Greater Tortue Ahmeyim (GTA) Project in Mauritania and Senegal.

Centered on minimizing risk and harm to personnel, plant, and the environment, the procedures will encompass all offshore operations, including subsea, floating production storage and offloading (FPSO), and hub.

Steve Webber,...

Asian LNG Hits 4-month High Amid Soaring U.S. Gas Prices

  • European and U.S. gas prices rise this week
  • Gorgon LNG plant supply issues boost Asian prices
  • Several buy tenders issued this week

Asian spot liquefied natural gas (LNG) prices jumped to a more than four-month high this week, tracking firmer gas prices in Europe and the United States, and as major cities in North Asia face warmer-than-usual weather potentially boosting demand, reports Reuters.

Bullish market

The average LNG price for September delivery into northeast Asia LNG-AS was estimated at...

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...

UN Launches Voluntary Guidelines To Protect Seafarers’ Human Rights Amid Crew Change Crisis

seaman covid-19 main deck and mooring equipment of cargo ship, v

The United Nations (UN) launched the Human Rights Due Diligence Tool, a joint initiative of the UN Global Compact (UNGC), the Office of the High Commissioner for Human Rights (UN Human Rights), the International Labour Organization (ILO) and the International Maritime Organization (IMO).

The Tool comes as worries over increased risk of violation of seafarers’ human rights, including fears over what amounts to forced labour. It is no news that the crew change crisis has deprived stranded...

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