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Egypt to seek over $1 billion compensation due to Ever Given crisis

4 years ago
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The Egyptian Suez Canal Authority (SCA) will seek over $1 billion in compensation for the losses incurred from the blocking of the Suez Canal by Ever Given, Masrawy cited the SCA Chairman Osama Rabei.

Rabei noted that the authority will also ask for being reimbursed for the expenses of using dredgers and tugboats in the refloating process

Navigation along the canal resumed on March 29, at 6 pm local time, following the successful refloating of Ever Given giant container vessel which blocked Canal Suez for six days since March 23.

The authorities had suspended navigation through Suez Canal on March 25, following the blockage.

Source: arabfinance
Via: norvanreports
Tags: $1 billion compensationEgyptian Suez Canal Authority (SCA)Ever Given
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