
Suez Canal authorities on Tuesday implemented an Egyptian court order to seize the megaship until $ 916 million is paid as compensation for the Suez Canal blockage caused by the megaship in March.
The EverGreen container ship is owned by the Japanese cargo fleet operator Shoei Kisen.
The ship’s insurers, UK Club, said “On April 12, a carefully considered and generous offer was made to the SCA to settle their claim. We are disappointed by the SCA’s subsequent decision to arrest the vessel today.”
Global exchange was tossed into disorder when the 400-meter vessel steered into the land on March 23, with 18,300 containers ready.