The vessel, the Ever Given, is at Great Bitter Lake and will not be cleared to depart until settlement is reached.

Japanese owner of huge container ship that blocked the Suez Canal for nearly a week, disrupting billions of dollars in maritime trade, asks cargo owners to share the cost of damage claimed by Egypt .

Shoei Kisen Kaisha Ltd. said on Friday she had asked freight owners to share the damage under an agreement known as a general average declaration. The damage sharing system is often used in marine accidents covered by insurance. The company said it had informed a number of owners of the ship’s roughly 18,000 containers to assume part of the damages claim, estimated at around $ 916 million.

The ship, the Never given, is in Great Bitter Lake and will not be cleared to leave until a settlement is reached, the company said.

.