Suez Drama: Legal Ramifications Will be Exponential, Lawyers Say
The growing delay in refloating the stranded Ever Given vessel, already costing billions a day, increases the likelihood of legal claims that could take years to resolve.
March 26, 2021 at 05:30 AM
4 minute read
Establishing the precise cause of the grounding of the MV Ever Given on the Suez Canal on Tuesday remains a key question facing an ever-growing list of parties to the incident, and is likely to have significant legal implications, potentially costing billions of dollars, international lawyers say.
Japanese vessel owner, ship-leasing firm Shoei Kisen KK, said Thursday it was facing 'extreme difficulty' in re-floating the grounded vessel, in cooperation with the Suez Canal Authority, Denmark-based tug operator and Maersk subsidiary, Svitzer A/S, and other agencies.
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