It is reported that Osama Rabie, chairman of the Suez Canal Authority, told MBC Masr Channel TV that Egypt

The party has already filed a reduction of one third of the claim for the blocking of the Suez Canal container ship "Long Gift" shipowner, which is US$600 million.

According to Osama Rabbi, chairman of the Suez Canal Authority, the Suez Canal Authority has stated that it will reduce its compensation claims from 900 million U.S. dollars to 600 million U.S. dollars. He also said that the Suez Canal Authority (SCA) has also proposed payment terms to the owners of the container ship "Longsend", but they have not yet responded.
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As compensation negotiations proceeded, the Egyptian court approved the Suez Canal Authority's request to seize the ship in mid-April. The blockade of the canal disrupted the shipping market, and hundreds of ships had to wait for the canal to reopen. The existence of this canal can shorten the navigation time between Asia and Europe by two weeks.
The Suez Canal authorities stated that the shipowners are required to compensate for the loss of transit costs, the damage to the waterway during the canal and salvage work, as well as the costs of equipment and labor.
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The 400-meter-long container ship "Nagai" was owned by Japanese ship owner Shoei Kisen Kaisha Ltd. and was chartered by Taiwan’s Evergreen Shipping. It ran aground at the southern end of the Suez Canal on March 23 and was able to take off six days later. shallow.

It is reported that the income of the Suez Canal in Egypt increased by 2.8% in the first four months of 2021, reaching 1.96 billion U.S. dollars, compared with 1.9 billion U.S. dollars in the same period last year.
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Earlier, according to Japan’s Kyodo News Agency, the court of Ismailia in northeastern Egypt made a ruling on the 4th regarding the large container ship “Nagagi” that was stranded on the Suez Canal in Egypt. It held that the ship was required to stay in the canal. Until the compensation was negotiated, the decision was appropriate, and the objection raised by Japan's Masei Steamboat to restart the voyage was rejected.

According to reports, the Ismailia City Court in Egypt held a hearing on the same day. After hearing the shipowner’s lawyer’s application for an appeal against the arrest decision, the court finally rejected its appeal application for lifting the arrest of the freighter.

The Suez Canal Authority stated in mid-April that it would detain the "Longci" until it paid 900 million US dollars in compensation. It is reported that the Japanese shipowner of the "Nagagi", the insurance company and the canal authorities have negotiated compensation for damages.

However, negotiations on the amount of compensation proposed by the Canal Bureau have been difficult. The results of the investigation into the cause of the stranding carried out by the Canal Bureau have not yet been announced, and the freighter cannot restart its voyage.
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