Suez Canal chief suggests mistake by captain in ship s stranding msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
09 Apr 2021 / 15:35 H. Giant ship stuck for more than two days Two marine rescue firms to help refloat effort Shipping backed up either end of canal (Adds comment on latest efforts)
By Yusri Mohamed, Gavin Maguire and Florence Tan
ISMAILIA, Egypt March 25 (Reuters) - A container ship blocking the Suez Canal like a beached whale may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.
The 400 m (430 yard) Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world s busiest shipping channels for oil and grain and other trade linking Asia and Europe.
Egypt may seek $1 billion in compensation over Suez Canal blockage
The figure is an estimate of losses incurred by Egypt over transit fees, damage to the waterway during dredging and salvage efforts. The amount also includes an estimate of cost of equipment and labou
BusinessToday.In | April 3, 2021 | Updated 15:03 IST
Suez Canal blockage 2021
Egypt has said that it might seek $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week. The blockage led to disruption in global trade. The figure is an estimate of losses incurred by Egypt over transit fees, damage to the waterway during dredging and salvage efforts. The amount also includes an estimate of cost of equipment and labour, said Suez Canal Authority CEO Osama Rabie to local television channel Sada Elbalad.
iAfrica 2 days ago 1 min read
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Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. The figure is a rough estimate of losses linked to transit fees, damage to the waterway during the dredging and salvage efforts, and the cost of equipment and labor, the Suez Canal Authority’s chief executive officer, Osama Rabie, said late Wednesday to local television channel Sada Elbalad. The 400-meter-long Ever Given ship, owned by Japan’s Shoei Kisen Kaisha Ltd., ran aground on March 23 in the southern part of the canal and was freed six days later. Taiwan’s Evergreen Marine Corp., the vessel’s charterer, said Thursday it’s not responsible for delays of any cargo it was transporting. Shoei Kisen will discuss compensation with the Canal Authority, but wil