TOKYO -- Japan's Imabari Shipbuilding, whose subsidiary owns the Ever Given container ship that got stuck in the Suez Canal earlier this year resulting in a blockage of the key shipping route, said on Monday that insurance will cover "to some extent" the compensation it has to pay out.
Transportation
Suez Canal compensation no impact on Ever Given owner
Japan's Imabari says insurance will cover payout and that it has turned a profit
Shoei Kisen President Yukito Higaki said that negotiations over the Ever Given incident had helped "deepen relations" with Egyptian authorities.
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