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.
T
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.



Syria's Economy Will Be Open for Foreign Investment, Foreign Minister Says

Syrian Foreign Minister Asaad Hassan al-Shibani. (X)
Syrian Foreign Minister Asaad Hassan al-Shibani. (X)
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Syria's Economy Will Be Open for Foreign Investment, Foreign Minister Says

Syrian Foreign Minister Asaad Hassan al-Shibani. (X)
Syrian Foreign Minister Asaad Hassan al-Shibani. (X)

Syrian Foreign Minister Asaad Hassan al-Shibani said on Wednesday that the country will open its economy to foreign investment and that Damascus is also working on energy and electricity partnerships with Gulf states.
"Syria's economic resources are diverse and we have a lot of sectors - industry, tourism... of course the economy in the future will be open and will open the road for foreign investment," he said at the World Economic Forum meeting in Davos, Switzerland.
Shibani paid separate visits to Saudi Arabia, the United Arab Emirates and Qatar in early January, during which he discussed bolstering ties.
At Davos, Shibani said a committee of representatives from various groups would work on the country's new constitution after holding a national dialogue, which Syria's leadership says will include all segments of society to chart a path for the nation after the opposition factions ousted President Bashar al-Assad.
"We need an inclusive transition leading to a new constitution, free and fair elections, in a Syrian-led and Syrian-owned political process that will restore Syria's sovereignty and territorial integrity," UN Syria envoy Geir Pedersen said at a separate press conference in Damascus on Wednesday.
Both Pedersen and Shibani reiterated calls for ending the international sanctions imposed on Syria.