Suez Canal authorities seek compensation of Rs 7509 crore from owners of Ever Given to release ship - As per London-based financial firm Refinitiv, Egypt lost transit fee worth USD 95 million (Rs 713 cores ) as a result of the blockage.
Egypt will seek $1 billion in compensation due to Ever Given blockage, says Suez Canal authority
The authority’s CEO Osama Rabie, however, did not specify whom the authority will seek the compensation from. Updated Apr 10, 2021 · 09:36 pm Cargo vessel Ever Given after being fully floated in Suez Canal. | Hayam Adel/Reuters
The Suez Canal authority has said that Egypt will seek compensation worth around $1 billion for the blockage caused by cargo vessel Ever Given,
Bloomberg reported on Thursday.
The canal authority’s Chief Executive Officer Osama Rabie on Wednesday told an Egyptian news channel that the amount was an estimate of losses linked to transit fees, damage to the waterway during the dredging and salvage efforts, and the cost of equipment and labour.