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How the Suez Canal facilitated an unexpected revolution

How the Suez Canal facilitated an unexpected revolution
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Suez Canal Authority Seeks $1 Billion In Compensation For Ever Given Crisis


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.” ....

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The toll and toil it took to cleave the Suez Canal through the Egyptian desert - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.


8 April 2021, 7:21 AM
 | 
The Conversation  | 
@SABCNews
Image: Creative CommonsThe Suez Canal made headlines when a massive container ship, “Ever Given”, became wedged diagonally across the canal, creating a huge, expensive backlog of other vessels
For a little over a week the world’s attention zeroed in on the Suez Canal, an artificial channel connecting the Mediterranean and the Red seas across Egyptian territory. The canal offers the shortest sea route between Europe and Asia, funnelling around 10% of global trade. And so it made the headlines when a massive container ship, “Ever Given”, became wedged diagonally across the canal, creating a huge, expensive backlog of other vessels. ....

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