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Court Allows Suez Canal to Keep Holding ‘Ever Given’

Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. (Reuters)
Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. (Reuters)
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Court Allows Suez Canal to Keep Holding ‘Ever Given’

Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. (Reuters)
Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. (Reuters)

An Egyptian court on Sunday rejected an appeal by the Japanese owner of the Ever Given container ship against the vessel’s detention in the Suez Canal.

The Ever Given ran aground on March 23 in high winds and remained lodged across the canal for a week.

The complaint was attached to a case at the economic court in Ismailia in which the Suez Canal Authority (SCA) sought $916 million in compensation from Ever Given's owner Shoei Kisen.

The Ismailia court on Sunday referred the case back to a court of first instance, which is due to consider it on May 29, said Ahmed Abu Ali, one of the lawyers representing the owner.

Any ruling made by the lower court could trigger appeals, said another lawyer, Ahmed Abu Shanab, indicating that legal wrangling could drag on.

In a statement following Sunday’s ruling the SCA said it bore no responsibility for the Ever Given’s grounding, reasserting that responsibility lay with the ship’s captain alone.

In another context, the acquisition of the 51 percent stake, approved by the cabinet on Wednesday, will be finalized in the third quarter, CEO Karim Awad told Reuters.

“Our share in the bank will be financed through the liquidity available to the company on its own. We have lots of liquidity,” Awad told Reuters, adding that EFG Hermes began working to fulfill all government conditions and approvals as soon as the cabinet approved the deal.

The Sovereign Fund of Egypt will also buy new shares worth 1.25 billion pounds, increasing AIB’s capital to 5 billion pounds, while the current owner, state-owned National Bank of Egypt, will retain a 24 percent stake.

“We are not entering the banking sector to compete with the big banks operating in Egypt,” Awad said.

“Rather, we are seeking to find a portion of the market to focus on to provide services to help it grow.”

He added that the new owners would retain all of AIB’s current employees but would study a possible change in the bank’s name.

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Iraq Reiterates Need for Int’l Coalition Forces to Remain

A convoy of US forces seen on the border between Syria and Iraq. (Reuters file)
A convoy of US forces seen on the border between Syria and Iraq. (Reuters file)
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Iraq Reiterates Need for Int’l Coalition Forces to Remain

A convoy of US forces seen on the border between Syria and Iraq. (Reuters file)
A convoy of US forces seen on the border between Syria and Iraq. (Reuters file)

Iraq’s security and defense committee announced on Sunday that “the need still stands” for the US-led anti-ISIS international coalition to remain in the country.

It made its announcement days after Defense Minister Thabet al-Abbasi made similar remarks.

In televised statements, he stressed that the international troops were still needed in Syria, adding that “Iraq and Syria’s security are indivisible.”

Security and military coordination with the coalition continues, he said.

Baghdad has not received any official notice about the withdrawal of the forces from Syria or Iraq, he revealed.

Iraq had in 2024 held three rounds of dialogue with the United States about organizing the presence of the coalition after the completion of the pullout of remaining American forces.

Pro-Iran factions in Iraq, which had for years demanded the withdrawal, have so far not commented on the latest statements about the coalition.

Abbasi added that the American and coalition forces were necessary in Syria to maintain the fight against ISIS remnants, which continue to be a cross-border threat.

The US Defense Department recently said that American troop movement from northern and eastern Syria to more secure locations in Iraq was part of a calculated, safe and professional redeployment plan aimed at consolidating the successes against ISIS and cementing regional stability.

It does not mean the end of the coalition’s mission in Syria, it added.

A Pentagon official said local partners remain in the field in Syria and are an effective force against ISIS.

The US will continue to empower those partners in performing most of their remaining counter-terrorism duties, including guarding ISIS detainees, he went on to say.

ISIS is seeking to exploit any instability in the area, but the US efforts to deter its resurgence cannot be underestimated. The coalition remains committed to achieving the permanent defeat of ISIS in Syria and Iraq, he vowed.

Member of the security and defense committee Yasser Iskander Watout said on Sunday that Iraq needs major logistic and aerial support since the means at its disposal were not enough to control borders with neighbors.

The continued deployment of the international coalition forces is “necessary and realistic”, he said.

The Interior Ministry and border and security forces have secured the border with Syria, but members of the committee said the need remains for aerial support to bolster stability in the area, he revealed.

Watout agreed with Abbasi on the need for the international forces to remain given that it boasts air forces that have effectively secured Iraq’s skies.

He noted that recent government contracts for the purchase of 14 modern jets “were not enough to cover all our needs.”

The coalition currently has 2,500 forces deployed in Iraq to counter ISIS and offer Iraqi forces logistic support.

Pro-Iran factions that have long been opposed to the international troops have not commented on the recent statements on their continued deployment given the Israeli threats against Tehran and US President Donald Trump’s urging of Israeli Prime Minister Benjamin Netanyahu against carrying out attacks against the factions themselves.