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No claims or lawsuits for Suez blockage yet - shipowner

No claims or lawsuits for Suez blockage yet - shipowner | Insurance Business UK

No claims or lawsuits for Suez blockage yet - shipowner

Shoei Kisen, the Japanese company that owned the container ship that ran aground and blocked the Suez Canal for nearly a week, said it has not received any claims or lawsuits seeking compensation for damages for the blockage.

“There have been no claims or lawsuits against our company related to the incident,” Yumi Shinohara, deputy manager at Shoei Kisen’s fleet management department, told Reuters. “We are still investigating the cause of the incident and the cost, including insurance payment and potential compensation for damage.”

Tugs managed to refloat the 400-metre-long Ever Given on Monday. The vessel ran aground March 23 and blocked the entrance to the Suez Canal, causing a huge buildup of vessels around the waterway. The owners and insurers of the ship could be looking at claims totalling millions of dollars, Reuters reported.

The ship’s hull is insured by Mitsui Sumitomo Insurance, which is under MS&AD Insurance Group Holdings, Tokio Marine & Nichido Fire Insurance Co, and Sompo Japan Insurance. UK P&I Club is also an insurer for the ship, according to Reuters.

UK P&I Club said it was the Ever Given’s protection and indemnity insurer.