Suez Canal blockage: Captain of Ever Given not aiding probe; calamity s cost tops $1B John Bacon, USA TODAY © Ayman Aref, AP A cargo ship sails through the town of Ismailia, Egypt, Tuesday, March 30, 2021 as traffic resumed through the Suez canal after it was blocked by a massive ship that had been stuck sideways for nearly a week.
The cost of blocking shipping for almost a week through one of the most crucial waterways on earth apparently comes in at right around $1 billion.
And that s just the bill Egypt could soon be trying to collect. It does not include damages for the owners of more than 400 boats delayed by the calamity on the Suez Canal, nor compensation that could be sought by companies whose materials or products were on those boats.
Egypt may seek US$1B in compensation for Suez crisis
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Suez Canal blockage: Captain of Ever Given not aiding probe; calamity s cost tops $1B
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Container ship blocking Suez Canal partially refloats, still stuck
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After Suez Canal, Evergreen Truck Blocked Highway In Taiwan
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