The Vessel has been refloated after six days of salvage operations and the traffic related to the Canal of Suez is expected to resume on a regular basis shortly. However the prolonged blockage of the Canal will require a careful consideration of the interests at stake.
This case may well involve the largest salved fund of any container ship casualty to date: so, what’s next? how the salvage reward will be fixed? will cargo interests and salved properties be called as contributory goods in the General Average? will the owners and the cargo interests on board the other than jammed vessels claim against the “Ever Given” to recover any damage suffered for the blockage?
Our Shipping and Transport and International Arbitration Focus Teams cope with above and other than topics as shown here.