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Egypt Could Ask for Up to $1 Billion in Compensation for Ever Given Crisis

Rabie said the figure is based on canal revenue losses, the cost of equipment and machinery, and the manpower hours for the 800 rescuers who freed the ship.
We will ask for a fair amount, Rabie said, according to a NBC News translation, without specifying who might be liable to pay.
We saved them so much by rescuing the ship without any major damage or losses, he added.
The whole ship could ve been lost.
The 200,000 ton mega-container carrier was successfully refloated on Monday, six days after coming stuck sideways in the Suez Canal. The incident sparked a crisis in international shipping, held up $9 billion in global trade a day and left 422 vessels carrying everything from crude oil to cattle waiting to pass. ....

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Suez Canal blockage: Captain of Ever Given not aiding probe; calamity's cost tops $1B

The cost of blocking shipping for almost a week through the Suez Canal, one of the world's busiest waterways, comes in at right around $1 billion. ....

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Suez Canal blockage: Captain of Ever Given not aiding probe, Egyptian officials say

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. ....

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Suez Canal blockage: Captain of Ever Given not aiding probe; calamity's cost tops $1B

Suez Canal blockage: Captain of Ever Given not aiding probe; calamity's cost tops $1B
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.

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