10.4 C
Wednesday, May 12, 2021
Home Most Visited Unparalleled Ever Given cargo demands despite overstated SCA claim

Unparalleled Ever Given cargo demands despite overstated SCA claim

The volume of claims resulting from the Ever Given incident is likely to be the largest of any accident according to industry sources with a little over 16,000 containers on board and each container needing to supply general average security.

However, the costs being sought by the Suez Canal Authority (SCA), currently US$1 billion according to reports in local media, are “expected to decrease substantially,” said an industry source.

Please login or register to read the rest of the story

Latest Posts

DP World adds three European ports to its network

DP World has enhanced its European inland network, adding three ports in the Alsace region through its affiliate company, Swissterminal. Earlier this month, the public...

Maersk accelerates transformation to integrated service

AP Moller Maersk said its integrator strategy that will see the company transform into a comprehensive, customer-facing door-to-door logistics service will offer the carrier...

Insurers unimpressed with SCA’s public statements

Insurers of the impounded Ever Given vessel remained unconvinced by the public statements made by the Suez Canal Authority (SCA), which is claiming US$916...

EU puts money where its mouth is with green port funding

European Union has agreed funding for up to 10 pilot projects in sustainable and smart supply chains through port operations with 45 companies involved...

European container carriers increase charges worldwide

Three of the largest container lines in the world have announced a substantial number of rate increases to be implemented later in May and...