Egypt Wants $1 Billion In Compensation For Suez Blockage

Three Days Necessary for Traffic in Suez Canal to Return to Normal, Egyptian President Says

Authorities began working Tuesday to determine how the Ever Given container ship became stuck in the Suez Canal, a day after the large vessel was freed from its frozen position near the shoreline and traffic resumed through one of the world's most vital commercial waterways. Evergreen Marine Corporation, the ship's charterer on Thursday said that it was not responsible for delays of cargo it was transporting and dismissed the possibility of it paying compensation.

A spokesperson for Shoei Kisen Kasa, the Japanese firm that owns the Ever Given, told Bloomberg it would discuss compensation with the canal authority but declined to give further details.

Rabie said those losses include damage to the canal - a crucial trade route between Europe and Asia - transit fees, and equipment and labor costs, according to Bloomberg News.

"The amount of damage and losses, and how much the dredgers consumed, will be calculated", Rabie said. "This country should get its due".

"This is the right of the country", Rabie said, adding that the incident hurt Egypt's reputation.

The Ever Given's stranding across a southern section of the canal forced a halt to all traffic, leading to a build-up of 422 ships at either end of the canal and along its course.

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 almost a week.

A great number of oil tankers had diverted away from the canal. Sailing via the Suez Canal reduces the distance between the ports in Mumbai and NY by over 3,200 nautical miles, compared to sailing around the Cape of Good Hope.

While die Suez Canal Authority announced yesterday that die Shipping is back to normal and 81 ships are sailing through the canal.

Egypt's Leth Agencies said yesterday that a total of 163 ships had transited the Suez Canal since its reopening and that 292 ships were now waiting.

The Evergreen management also exuded confidence that there will not be a dispute.

"In 40 years now, not a single case of dispute has happened between SCA and Evergreen", he said in an interview.



Latest news

Derek Chauvin is on trial for George Floyd's death
Chauvin, who is white, was sacked by the city's police department the day after Floyd, an African American, died in custody. Martin said that when Floyd was inside the store buying cigarettes, he spoke so slowly "it would appear that he was high".

Hong Kong democracy leaders found guilty over peaceful 2019 protest The Guardian
Authorities have since unleashed a broad crackdown and Beijing has imposed a new security law which criminalises much dissent. The Hong Kong District Court found seven of them guilty of organizing and participating in an illegal rally.

Former Trump attorney furious DOJ is investigating Matt Gaetz
He also claimed the probe was "rooted" in a $25 million extortion effort against his family. "So let's get all the information". Matt Gaetz said a DOJ investigation into whether he broke sex-trafficking laws is based on "lies" and "false" allegations.

Biden Unveils $2 Trillion US Jobs, Infrastructure Plan
Howard, chair of Common Good and one of the authors of Trump's infrastructure bill, told VOA. Much of Biden's package focuses on green infrastructure to respond to climate change.

France to close schools, ban domestic travel as coronavirus surges
Macron on Wednesday said numbers of hospital ICU beds will be increased "in the coming days" from the current 7,000 to 10,000. A nationwide nightly curfew has been in place since December and restaurants, bars and cinemas have been closed for months.

Other news