Egyptian court rejects appeal for the release of Ever Given

An Egyptian court has upheld a ruling that ULCV Ever Given (IMO 981100) must remain in Great Bitter Lake on the Suez Canal while authorities continue to campaign for $916m in compensation from the owners. The decision was announced on Tuesday May 4th by a court in the canal-side city of Ismailia....

https://insurancemarinenews.com/insurance-marine-news/egyptian-court-rejects-appeal-for-the-release-of-ever-given/

Too early to see how Ever Given will hit reinsurers, says Lancashire

The (re)insurance industry is currently not at the stage where it can put any numbers to the insured cost of the Ever Given blockage of the Suez Canal, Paul Gregory, chief underwriting officer at Lancashire Holdings Ltd, told analysts at the (re)insurer’s Q1 earnings call. “Obviously, we don’t want...

https://insurancemarinenews.com/insurance-marine-news/too-early-to-see-how-ever-given-will-hit-reinsurers-says-lancashire/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.