Suez Canal Authority Seeks $1 Billion In Compensation For Ever Given Crisis
Suez Canal Authority Seeks $1 Billion In Compensation For Ever Given Crisis
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HELIOPOLIS, Egypt The Suez Canal Authority said that they plan on seeking $1 billion in compensation after the Ever Given ran aground and stopped all operations for nearly a week.
The news was announced by the chief executive officer of the Suez Canal Authority, Osama Rabie, in a conversation with local media on March 31.
“We plan to ask for $1 billion in compensation after the 400-meter cargo ship Ever Given, owned by Japanese company Shoei Kisen Kaisha, ran aground on March 23,” he said. “The compensation sum includes the costs of the salvage operation, transit fees that were lost, and the costs associated with stopping all traffic in the canal.”