Egypt's Suez Canal blocked by large container ship

airborne

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Jul 13, 2007
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Not sure the investigation is finished, and what the actual cause was. We can exclude the canal being at fault, so that pretty much puts all the responsibility on the ship and its insurers.

If you crash into a tree, you can't blame the tree...
But you can blame the oil slick that was all over the road?

There are any mitigating factors at play.
 

airborne

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It described the claim, which includes $300m for a salvage bonus and $300m for loss of reputation, as "extraordinarily large" and "largely unsupported".

Egypt are no doubt playing the bargaining game, claim an enormous amount and then when they halve it the other side is suddenly getting a "bargain" and they can claim that they are flexible and willing to negotiate..
 

The_Traveller

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Aug 9, 2008
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end of the day, the carrier will just recoup all losses from freight forwarders and the importer/exporter eventually lose out.

shipping lines are another kind of mafia.
 

Gordon_R

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The Egyptian authorities continue to hold the ship and crew hostage, while persisting with extortionate compensation demands:

 
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