It said the deal will be signed in a ceremony in the Suez Canal city of Ismailia on Wednesday. The head of Egypt’s Suez Canal Authority, Lt Gen Osama Rabie, said last month the parties had agreed on a compensation amount. Expand Close A digger being used to free the Ever Given (Suez Canal Authority) / FacebookTwitterEmailWhatsapp A digger being used to free the Ever Given (Suez Canal Authority)But he said it would not be made public as they had signed a non-disclosure agreement until the signing of the final contract. The disagreement had centred on the compensation amount the Suez Canal Authority is claiming for the salvage of the vessel. At first, the Suez Canal Authority demanded 916 million US dollars in compensation, which was later lowered to 550 million dollars.

Source: Irish Independent July 04, 2021 17:26 UTC