Egypt requires more than a billion. Compensation in USD for blocking the Suez Canal



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AFP / “Scanpix” nuotr.




Egypt requires more than a billion. Compensation in US dollars for blocking the Suez Canal for nearly a week after the giant container ship Ever Given ran aground early last week.

“This is the law of the land,” said Ossama Rabei, head of the Suez Canal administration.

According to him, the compensation includes the costs of the rescue operation, losses due to the disruption of maritime traffic and charges for lost transit services.

He did not specify who should specifically pay the compensation, but cautioned that if the issue of damages reached the court, this container ship and its cargo would not be released from Egypt.

The process is believed to be complicated because Ever Given is owned by a Japanese company, the ship serves a Taiwanese carrier and flies the Panamanian flag.

The 400-meter-long Ever Given traffic was paralyzed by the Suez Canal on the morning of March 23, crossing a sandstorm and clinging to the banks of the canal. The ship was released on the night of March 29.

Shipping magazine Lloyd’s List reported that 425 ships were finally waiting to cross the channel as a result of the incident. The incident detained about 9.6 billion a day. Freight transported between Asia and Europe worth USD (8,150 million euros). Some shipping companies have directed ships around the Cape of Good Hope in southern Africa.

Opened in 1869, the Suez Canal is an important route for the transportation of oil, natural gas, and other cargo. It carries 10% of all international maritime trade.

The reproduction of information from the BNS news agency in the media and on websites without the written consent of the UAB “BNS” is prohibited.

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