Egypt to Claim $1 Billion in Compensation for Suez Canal Blockage ...Egypt

Egyptian Streets - News
Egypt to Claim $1 Billion in Compensation for Suez Canal Blockage
source : Egyptian Streets ( Egypt ) () 11
Image Credit: Suez Canal Authority Osama Rabie, Chairman of the Suez Canal Authority (SCA), said on Wednesday night that Egypt aims to claim more than USD $1 billion in compensation following the recent blocking of the Suez Canal by container ship the Ever Given, reports Ahram Online. In a phone interview on the television channel Sada El-Balad last Wednesday evening, Rabie claimed that compensation is necessary not only for the revenue lost from toll payments of ships that were unable to pass through the canal, but also for the costs of tugboats and other specialist equipment used in the operation to free the ship. Ahram Online reports that Rabie asserted the critical role played by the aut

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