PFN Sweden gives Suez Canal update

The Suez Canal Authority (SCA) formally arrested the Ever Given on April 14th, 2021.

An Egyptian judge granted the SCA permission to seize the vessel after lodging a $916m compensation claim against its Japanese vessel owner.

The SCA says it intends to maintain the vessel’s arrest until the claim is paid. This position has caused fury among the ship’s insurers and ship managers and led Evergreen to investigate whether it could use a court order to treat vessel and cargo separately. The SCA claim includes $300m for salvage and $300m for “loss of reputation”.

To lift the arrest order as soon as possible, Evergreen urges all concerned parties to facilitate a settlement agreement to be reached as quickly as possible.

The official statement received from Evergreen is found here.

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