Egypt may suffer $ 1 billion in damage from Suez Canal blockage

Egypt is to be compensated for roughly $ 1 billion, which was lost due to the loss of a heavy container ship after being trapped in the Suez Canal for six days.

Suez Canal Authority CEO Osama Rabi speculated that A. The interview On Wednesday night, two days later, with Egyptian TV station Sada El-Balad TV, the crew freed the 400-meter-long Avar from the critical waterway.

“The amount of losses and losses, and how much the drawers consumed, will be calculated.” Rabi said. “It is estimated, God willing, will reach one billion dollars and a little more, that is the right of the country.”

Rabi said those losses included damage to the canal – an important trade route between Europe and Asia – transit fees, and equipment and labor costs, According to Bloomberg News.

Rabi did not specify in the interview whom the Suez Canal Authority would seek compensation for, but said Egypt should find “reasonable reasons” for the deal, which is linked to global shipping markets and brought hundreds of ships to a halt Is, the outlet reported.

Osama Rabi, president of the Suez Canal Authority, speaks during a press conference on March 29, 2021, after the container ship Ever Given.
Osama Rabi, president of the Suez Canal Authority, speaks during a press conference on March 29, 2021, after the container ship Ever Given.
Mahmood Khalid / Getty Images

However, Evergreen Marine Corp – the Taiwanese firm that chartered Ever Givant and whose name was mounted on the hull of the boat – reportedly does not expect to foot the bill and denies responsibility for delays for cargo Had been.

Osama Rabi said during a press conference, “It is estimated, God willing, will reach a billion dollars and a little bit more…”
Chine Novel / Sipa / Shutterstock

According to Bloomberg, Evergreen president Eric Hesheh said in a briefing, “There is almost no chance that we will demand compensation to be paid.”

A freight vessel, Ismailia, Egypt, resumed traffic through the Suez Canal on Tuesday, March 30, 2021.
A freight vessel, Ismailia, Egypt, resumed traffic through the Suez Canal on Tuesday, March 30, 2021.
Ayman Arif / AP

A spokesman for Shoe Kisan Kasa, a Japanese firm owned by Ever Give, told Bloomberg that it would discuss compensation with the Canal Authority, but declined to provide further details.

A container ship begins operating on 30 March 2021 in the Suez Canal in Ismailia, Egypt.
A container ship begins operating on 30 March 2021 in the Suez Canal in Ismailia, Egypt.
Mohammed Hosam / EPA-EFE / Shutterstock

The ship-leasing company said earlier this week that it had not yet received any lawsuits or claims to recover damages stemming from the interruption, trading an estimated $ 9.6 billion every day.

With post wires

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