News

Suez, Egypt asking for 1 billion dollars

by Port News Editorial Staff

One billion dollars. This is what Egypt is about to claim for the  blockage of traffic in the Suez Canal for six days by the containership the Ever Given.

The figure has been roughly calculated on the basis of losses related to transit traffic, damages incurred for dredging operations and refloating the vessel, manpower and equipment costs.

This was announced by Admiral Osama Rabie, head of the Suez Canal Authority, in an interview with Egyptian media. Rabie did not clarify who he will be asking for the money.

The Panamanian-flagged Ever Given, operated by Evergreen and owned by the Japanese company Shoei Kisen Kaisha, ran aground on 23rd March. The president of the Taiwanese shipping company, Eric Hsieh, has publicly stated that the company bears no responsibility for the delay in delivering the goods.

The ship will remain in the Great Bitter Lake until the investigation is completed. The authorities are in fact conducting the investigation and questioned the ship’s crew on Wednesday.

Translation by Giles Foster