IT appears the Suez Canal obstruction incident is not yet over, with antagonist ship Ever Given being held in the Canal as authorities argue over compensation.
The ship blocked the Suez for almost a week last month, and Canal authorities are now pursuing an almost US$1 billion compensation claim against her Japanese owner.
Ever Given’s protection company UK P&L Club said the Canal’s claim included US$392 million each for a “salvage bonus”, and for “loss of reputation”.
If anything, one could argue the reputational damage has been dealt to Ever Given, but when a billion dollars is on the line, you’d fight for it too!