Shoei Kisen Kaisha Ltd

Appeals Court Lacks Authority To Look Into Suez Canal Financial Claims

An Egyptian appeals court said it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the seizure of the cargo ship that blocked the waterway in March, reports US News.

Dispute over the faulty

The authority and the ship’s owner dispute who was at fault when the Ever Given ran aground in the canal linking the Mediterranean Sea and the Red Sea and how much compensation should be paid.

The appeals chamber of the Ismailia Economic Court referred...

https://mfame.guru/appeals-court-lacks-authority-to-look-into-suez-canal-financial-claims/

Ever Given owner blames SCA for canal blockage

Lawyers for Shoei Kisen Kaisha, the owner of the Ever Given which ran aground in the Suez Canal in March, have blamed the Suez Canal Authority (SCA) for the accident, and are claiming US$100,000 in initial compensation for the detention of the vessel.

Earlier this month the SCA dropped its claim against Shoei Kisen by US$300 million, from US$916 million, but insurers the UK P&I Club remained unmoved by the news. On 22 May the owner’s legal team argued that the SCA should not have allowed the...

https://container-news.com/ever-given-owner-blames-sca-for-canal-blockage/

Japanese Shippers To Explore Alternative Routes To Europe

Japanese shipping companies are looking to reduce their reliance on the Suez Canal, reads an article in DW. They are stepping up their search for an alternative route connecting East Asia to key markets in Europe.

Exploring alternative routes

Japanese transportation companies were already exploring alternative routes between East Asia and the critically important markets of Europe.

The ongoing problems following the grounding of a container ship, the Japanese-owned Ever Given, in the Suez Canal in...

https://mfame.guru/japanese-shippers-to-explore-alternative-routes-to-europe/

SCA calls for parties in Ever Given dispute to negotiate and co-operate

The Suez Canal Authority (SCA) claims it has called on all the parties to co-operate in the Ever Given legal dispute with its chairman and managing director, Osama Rabie, confirming in a statement the authority is willing to negotiate with the vessel owner, Shoei Kisen Kaisha Ltd, and insurer, UK P&I Club.

Rabie noted that “the authority is being flexible to all the special requirements of the negotiations while adhering to what the international norms stipulate in such cases.”

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https://container-news.com/sca-calls-for-parties-in-ever-given-dispute-to-negotiate-and-co-operate/

Ever Given Seized Over Financial Disputes

Egyptian authorities impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner, the canal chief and a judicial official said Tuesday, reports AP News.

Compensation

Lt. Gen. Osama Rabie said the hulking Ever Given would not be allowed to leave the country until a compensation amount is settled on with the vessel’s Japanese owner, Shoei Kisen Kaisha Ltd.

“The vessel is now officially impounded,” he told Egypt’s state-run television late Monday.

https://mfame.guru/ever-given-seized-over-financial-disputes/

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