Suez Canal Authority requests $1 bn in compensation from Ever Given owner ...Egypt

The Suez Canal Authority is seeking one billion dollars in compensation from the Ever Given container ship’s owner company Shoei Kisen, as a result of the dayslong disruption of the canal and the subsequent financial losses, Lieutenant-General Osama Rabie, head of the Suez Canal Authority, said. Rabie the statement in a phone call to the “Ala Masouleyety” (On my responsibility) TV program, where he added that the value of the goods aboard the ship amounted to US$ 3.5 billion. According to Rabie, a reduced compensation ranging between 5 and 15 percent will be given to the ships affected by the stranding of the vessel, depending on the period of time each had to wait.  Rabie announced that Pre

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