Building of "Ever Given" started on 25 December 2015. It was first put into the water on 9 May 2018, and started operating on 25 September 2018. The owner is Shoei Kisen Kaisha, a subsidiary of Japan's Imabari Shipbuilding. The operator is the Taiwan-based company Evergreen Marine and the vessel is managed by Bernhard Schulte Shipmanagement. The vessel is registered in Panama. The ship's owners, Shoei Kisen Kaisha, have insurance cover for $3.1 billion. Evergreen's Protection and Indemnity (third party) liabilities insurance cover is provided by mutual UK P&I Club. The ship is insured in the Japanese market. Insurance industry sources say the ship's owners could be facing insurance claims from the Suez Canal Authority (SCA) for loss of money and other ships who were stuck behind it. Container ships of this size are usually insured for hull and machinery damage of between $100 and $140 million.