Egypt May Seek $1 Billion in Damages for Suez Canal Crisis

Egypt May Seek $1 Billion in Damages for Suez Canal Crisis

"It should get its due".

After nearly a week, the stuck container ship MV Ever Given was refloated and traffic resumed in the Suez Canal on Monday.

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.

Osama Rabie, the CEO of the Suez Canal Authority, revealed the estimate in an interview with Egyptian TV station Sada El-Balad TV on Wednesday night, two days after crews freed the 400-meter-long Ever Given from the vital waterway.

Dislodging the Ever Given was a moment of triumph and pride for the salvage team and the nation.

"We didn't hope for something like this, but fate was doing its work". "We were working under something the size of a 10-story building that could have fallen on us".

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On Friday Cruz shared the photos taken at the facility on his social media, depicting the overcrowded rooms. According to the Associated Press , more than 17,000 migrant children were in US custody as of Monday.

The canal's administration has said that 140 more cargo ships need to pass through the Suez Canal by midnight. Investigators boarded the carrier this week to begin investigations into why the ship ran aground.

Sheisha, however, speculated that a solution such as agreeing on compensations could be reached within days. The report claims that "Ultimate Consignee 1 [Pinos] telephoned Shoei Kisen Kaisha", a subsidiary of Imabari, "several times a day" warning that "any delay of delivery at POD Felixstowe of his exclusive use container would force the cancellation of a festival at which Ultimate Consignee 1 was the key exhibitor".

However, Evergreen Marine Corp. - the Taiwanese firm that chartered the Ever Given and whose name was plastered on the boat's hull - reportedly doesn't expect to foot the bill and denied responsibility for delays for the cargo it was carrying. The Suez Canal Authority said a storm and high winds had created poor sailing and low perceptibility.

We truly apologize for creating many problems for ships in the Suez Canal and those preparing to go through the canal, the company appended.

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.

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