Egypt wants over $1 billion in compensation after a cargo ship blocked the Suez Canal for nearly a week, a top canal official has said.
Lt. Gen. Osama Rabei, head of the Suez Canal Authority on Thursday warned the ship and its cargo will not be allowed leave Egypt if the issue of damages goes to court.
He said in a phone interview with a pro-government TV talk show that the amount takes into account the salvage operation, costs of stalled traffic, and lost transit fees for the week that the Ever Given had blocked the Suez Canal.
The massive cargo ship is currently in one of the canal's holding lakes, where authorities and the ship's managers say an investigation is ongoing.
No comments:
Post a Comment