Ever Given's Insurer: We Holding Constructive Negotiations with Egypt's SCA

UK Club, the official insurer for the Japanese massive Ever Given ship, announced that the British club is holding constructive and fruitful negotiations with Egypt's Suez Canal Authority (SCA) over its compensation claim, according to the UK Club website.

According to an official statement released on Wednesday by the UK Club, the Legal Advisors of the British Club explained: "The Club is now involved in fruitful talks regarding the authority’s claim over the grounding of the ship for six days."

“It is hopeful of a positive resolution to these negotiations soon,” the statement added.

In May, SCA refuted claims by the UK Club and the Japanese shipbuilding company Imabari Shipbuilding that the speed of the Ever Given ship was controlled by the canal’s operator before it ran aground in the canal.

Also, the Egyptian firm indicated that exceeding set speeds at the country’s strategic canal is the sole responsibility of the ship’s captain.