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Release Time : May-26-2021
Suez Canal Ship Congestion Investigation: Egypt Says “Chang Ci” Shipowner is Responsible
China News Service, May 26. According to a Russian satellite network report on the 25th, Rabie, chairman of the Suez Canal Authority in Egypt, said that the investigation into the case of the “Changci” freighter that blocked traffic on the Suez Canal for several days proved that the ship owner Responsible.
The heavy freighter “Longci” flying the Panamanian flag ran aground on the new channel of the Suez Canal on March 23, causing blockage of the channel and affecting global shipping. After several consecutive days of rescue, the stranded freighter finally successfully lifted and detached, and the voyage was resumed. Due to the delay in payment of compensation by the shipowner, Egypt has formally detained the freighter, and the freighter is still staying in the berth on the Suez Canal.
According to the report, Rabia said: “The investigation of the Long Grant showed that the ship had made an error in its orientation. The shipowner, not the canal waterman, is solely responsible for this, because their opinions are different. Must be implemented, but for reference only.”
He mentioned the Egyptian Maritime Navigation Act of 1990, according to which the shipowner is responsible for all damage to the Suez Canal. At the same time, the full results of the investigation have not yet been announced.
In addition, Rabia also issued a statement on the 25th that the Canal Authority has decided to reduce the amount of the claim against the owner of the “Changci” freighter from the previous US$916 million to US$550 million.
The statement stated that, according to previous estimates, the total value of the cargo carried by the “Longci” freighter was US$2 billion. Therefore, the Egyptian local court requested the owner of the ship to compensate US$916 million. Subsequently, the shipowner estimated that the total value of the cargo on the freighter was 775 million U.S. dollars. The Canal Authority recognized this and therefore reduced the claim amount to 550 million U.S. dollars.
The Suez Canal is located at the key point of the intercontinental zone of Europe, Asia and Africa, connecting the Red Sea and the Mediterranean Sea. The income of the canal is one of the main sources of Egyptian national fiscal revenue and foreign exchange reserves.
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