Egypt Reduces Compensation Fine Against Ever Given By $300 Million | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Egypt Reduces Compensation Fine Against Ever Given By $300 Million

Egypt's Suez Canal Authority (SCA) offered to drop $300 million from its compensation claims against the owners of the Ever Given containership, according to Egypt Today.

The Panama-flagged Ever Given containership, owned by Japan's Shoei Kisen Kaisha, blocked the Suez Canal for six days in late March. SCA initially requested $916 million in damages for the blockage and continues to impound the ship 30 miles up the channel in the Great Bitter Lake.

Here's the current location of the containership as of 0645 ET.

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