Home Business An Egyptian court approves the formal detention of the “Changci” freighter
Egypt’s claim for the “Japanese Ship” drops to US$600 million and continues to negotiate with the Japanese shipowner

An Egyptian court approves the formal detention of the “Changci” freighter

by YCPress

Cairo, April 13 Egypt’s official Pyramid reported on the 13th that a court in Ismailia province in northeast Egypt approved the Suez Canal Authority’s application submitted by the Suez Canal Authority for the official detention of the cargo ship Changci on the same day, and the decision will be sent to the captain of the cargo ship Changci on the same day.

The report quoted Osama Rabiye, chairman of the Suez Canal Authority, as saying that after consultation with the owner of the freighter Changci, the final compensation amount was determined to be 900 million US dollars, but due to the delay in paying the compensation by the owner, the Authority decided to apply for the formal detention of the cargo ship. Rabier said that the Authority still hopes to solve the claim through “peaceful means”.

The Panamanian-flagged heavy cargo ship “Changci” ran aground on the new waterway of the Suez Canal on March 23, causing the waterway to be blocked. After several consecutive days of rescue, the stranded cargo ship successfully floated and agrounded on March 29 and is still staying in the berth of the Suez Canal. Egypt and the cargo ship management investigated the cause of the accident.

Rabbiye said on the 1st of this month that the Authority’s one-time claim for the stranding of the cargo ship Changci will exceed $1 billion to compensate for the losses and related rescue costs caused by the six-day suspension of the canal.