:lulz:
https://apnews.com/article/egypt-coronavirus-pandemic-suez-canal-189a9115b7c31cb1dbad5febfb778fa6
QuoteCAIRO (AP) — Egyptian authorities impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner, the canal chief and a judicial official said Tuesday.
Lt. Gen. Osama Rabie said the hulking Ever Given would not be allowed to leave the country until a compensation amount is settled on with the vessel's Japanese owner, Shoei Kisen Kaisha Ltd.
"The vessel is now officially impounded," he told Egypt's state-run television late Monday. "They do not want to pay anything."
There was no immediate comment from the vessel's owner.
Impounding a super tanker over billions in losses is awesome. I wonder will they auction it off like the debtors auctions?
Quote from: Faust on April 15, 2021, 08:01:20 PM
Impounding a super tanker over billions in losses is awesome. I wonder will they auction it off like the debtors auctions?
Given that a supertanker costs $18 Mn and the fines are $900 Mn, I think Evergreen will just write it off.