[HN Gopher] Egypt seizes the Ever Given, demanding $1B for Suez ...
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Egypt seizes the Ever Given, demanding $1B for Suez Canal jam
Author : mesofile
Score : 24 points
Date : 2021-04-13 19:48 UTC (3 hours ago)
(HTM) web link (www.washingtonpost.com)
(TXT) w3m dump (www.washingtonpost.com)
| LatteLazy wrote:
| World shipping has 2 options: spend a lot of time and fuel and
| money going around Africa or deal with one of the more corrupt
| and dishonest countries and just hope for the best every time...
| acruns wrote:
| https://archive.is/pjFzY
| legerdemain wrote:
| I don't know how much container ships cost or how they're
| insured. I'm sure it's exquisitely leveraged and very
| complicated. ...But, is it plausible that the ship's operator
| just calls it a total loss and lets Egypt deal with a floating
| clunker in its waters, or would Egypt simply turn around and sell
| it?
| Someone wrote:
| If you order them in bulk, they're between $115 million and
| $130 million each (https://gcaptain.com/ever-givens-operator-
| orders-20-new-ultr...).
|
| Its cargo probably is worth a lot more, though ($130 million
| divided by 20,000 containers is $6,500 per container)
|
| Egypt first would need a court to judge that its claim is
| valid, and then probably would sell it.
|
| And if that doesn't bring in the necessary amount, Egypt still
| would have a claim, and likely would seize any other ship from
| the same order that passes through the canal (possibly even
| ships that aren't in Egypt)
| legerdemain wrote:
| Is the Ever Given seaworthy after its extraction?
| OGforces wrote:
| Fuck egypt
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(page generated 2021-04-13 23:02 UTC)