Japanese Shipowner Asks Cargo Owners to Share Suez Damage Cost

In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake. (AP)
In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake. (AP)
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Japanese Shipowner Asks Cargo Owners to Share Suez Damage Cost

In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake. (AP)
In this March 30, 2021 file photo, the Ever Given, a Panama-flagged cargo ship, is seen in Egypt's Great Bitter Lake. (AP)

The Japanese owner of a massive container ship that blocked the Suez Canal for nearly a week, halting billions of dollars in maritime commerce, is asking owners of the freight it is carrying to share the cost of the damages demanded by Egyptian authorities.

Shoei Kisen Kaisha Ltd. said on Friday that it has asked freight owners to share the damages in a deal known as a general average declaration. The damage sharing scheme is often used in maritime accidents covered by insurance.

The company said it has notified a number of the owners of the approximately 18,000 containers on the ship to assume part of the damages demand, estimated at about $916 million.

The shipowner said earlier this month that it has been negotiating with Egyptian authorities over the demand for compensation.

The ship, called the Ever Given, is being held at Great Bitter Lake, a wide stretch of water halfway between the north and south ends of the canal, for inspection and won’t be allowed to leave until the settlement is reached, Shoei Kisen said.

The company refused to disclose further details of the negotiations, including the amount covered by insurance and how much it is asking freight owners to share.

The Ever Given was on its way to the Dutch port of Rotterdam on March 23 when it slammed into the bank of a single-lane stretch of the canal about 6 km north of the southern entrance, near the city of Suez.
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he ship’s 25 Indian crew members who are still on board are all in good health, the company said.

The ship has enough food, including fresh fruit and vegetables, and drinking water, the ship’s technical management company, Bernhard Schulte Shipmanagement, said.



Trump Designates Yemen's Houthis as Foreign Terrorist Organization

Houthi supporters shout slogans while holding their weapons and pictures of Houthi leader Abdul-Malik al-Houthi during a pro-Palestinian rally following the Israel-Hamas ceasefire deal, in Sanaa, Yemen, 17 January 2025. EPA/YAHYA ARHAB
Houthi supporters shout slogans while holding their weapons and pictures of Houthi leader Abdul-Malik al-Houthi during a pro-Palestinian rally following the Israel-Hamas ceasefire deal, in Sanaa, Yemen, 17 January 2025. EPA/YAHYA ARHAB
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Trump Designates Yemen's Houthis as Foreign Terrorist Organization

Houthi supporters shout slogans while holding their weapons and pictures of Houthi leader Abdul-Malik al-Houthi during a pro-Palestinian rally following the Israel-Hamas ceasefire deal, in Sanaa, Yemen, 17 January 2025. EPA/YAHYA ARHAB
Houthi supporters shout slogans while holding their weapons and pictures of Houthi leader Abdul-Malik al-Houthi during a pro-Palestinian rally following the Israel-Hamas ceasefire deal, in Sanaa, Yemen, 17 January 2025. EPA/YAHYA ARHAB

US President Donald Trump on Wednesday re-designated Yemen's Houthi militias as a "foreign terrorist organization,” the White House said.

The move will impose harsher economic penalties than the Biden administration had applied to the Iran-backed group in response to its attacks on commercial shipping in the Red Sea and against US warships defending the critical maritime chokepoint.

"The Houthis' activities threaten the security of American civilians and personnel in the Middle East, the safety of our closest regional partners, and the stability of global maritime trade," the White House said in a statement.

The Houthis have carried out more than 100 attacks on ships plying the Red Sea since November 2023, saying they were acting in solidarity with Palestinians over Israel's war against Hamas in Gaza. They have sunk two vessels, seized another and killed at least four seafarers.

The attacks have disrupted global shipping, forcing firms to re-route to longer and more expensive journeys around southern Africa for more than a year.
The group has targeted the southern Red Sea and the Gulf of Aden, which are joined by the narrow Bab al-Mandab strait, a chokepoint between the Horn of Africa and the Middle East.