UK Club News

Insurer of Ship That Blocked Suez Canal Says Reduced Claim Still High

CAIRO — UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related …

Dislodged Ship Held in Suez Canal as Talks Continue Over $916M Claim

CAIRO — A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’s Japanese owner, one of the vessel’s insurers …