Our sources claim that Egyptian authorities require $1 billion to cover the damage for the logistic blockage that Ever Given caused.
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It shows that the massive green cargo ship isn’t out of dire straits yet.
Reports tell us that the Egyptian authorities would seek damage for the Suez Canal blockage’s slowdowns.
I don’t want to be part of the crew or the captain of Ever Given at this point!
Firstly, was the boat stuck on purpose, or was it just a horrible mistake? Secondly, we wonder what will happen to the captain and the crew?
Thirdly, who is going to be guilty of this situation? Someone must pay the price because the damage is enormous!
See below.
Egypt seeks $1 billion in compensation due to Ever Given blockade. However, Suez Canal CEO Osama Rabie didn't specify whom the authority will seek compensation from! Will they Ever get it? Is it a Given? #EverGiven #SuezCanal #Compensation #Egypt
— Nishit Doshi (@NishitDoshi144) April 3, 2021
CNBC covered the story.
”Egyptian authorities may seek over $1 billion in damages for helping to clear the Ever Given from the Suez Canal, as a dilemma emerges over who might foot the bill.
“We will reach over a billion dollars in compensation,” Osama Rabie, the chairman and managing director of the state-owned Suez Canal Authority, told Egypt’s Sada El Balad channel on Wednesday evening.
Rabie said the figure is based on canal revenue losses, the cost of equipment and machinery, and the manpower hours for the 800 rescuers who freed the ship.
“We will ask for a fair amount,” Rabie said, according to a NBC News translation, without specifying who might be liable to pay.
“We saved them so much by rescuing the ship without any major damage or losses,” he added.”
Here's your chance, Egypt. Instead of weeks, it took 5 days to free the Ever Given. Considering the size of the ship and how shallow the area they were stuck, I'd say that's a success & deserves a really good documentary. Start with this:https://t.co/hG6vk6Uaud via @YouTube
— Marlene (@MarleneWestfal4) April 7, 2021
Also, USA Today shared some significant info about this issue.
”The cost of blocking shipping for almost a week through one of the most crucial waterways on earth apparently comes in at right around $1 billion.
And that’s just the bill Egypt could soon be trying to collect. It does not include damages for the owners of more than 400 boats delayed by the calamity on the Suez Canal. Nor compensation that could be sought by companies whose materials or products were on those boats.
Lt. Gen. Ossama Rabei, head of Suez Canal Authority, told Egypt’s Sada ElBalad news that Egypt will likely seek $1 billion in compensation for physical and financial damages resulting from the grounding of the massive cargo ship Ever Given. Rabei said the compensation would cover losses from transit fees, the cost of six days of dredging and tugboat activity. And damage to the canal from the dredging.”
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