Press "Enter" to skip to content

Egypt claims 900 million dollars in compensation for the blockade of the Suez Canal

Egypt claims $ 900 million in compensation after the blockade of the Suez Canal at the end of March and in the meantime seized the container ship that caused it, the government-related newspaper Al Ahram reported on Tuesday.

On Monday night, the Suez Canal Authority (SCA) told public television that “negotiations” were under way to obtain compensation for the damage caused by the ship “Ever Given”, which was stuck for almost a week. in the canal, paralyzing the traffic of this important seaway.

Egypt did not make “any mistakes” in the incident, said the Authority, which held the ship responsible for what happened.

“Negotiations continue, there are still many points [en los que tropezamos] with the company and the insurer, “starting with the” sum, “said Admiral Osama Rabie.

A source from the SCA confirmed to AFP that negotiations are under way with the Japanese company Shoei Kisen, which owns the ship, and with insurance companies.

The admiral, quoted by Al Ahram on Tuesday, indicated that his country wants to be paid 900 million dollars (about 750 million euros).

“The Panamanian ship ‘Ever Given’ was seized for the non-payment of 900 million dollars […] by virtue of a judgment issued by the economic court of Ismailia “, in the east of the country, he pointed out.

The amount corresponds, according to the source, to the “losses that the ship caused to the Authority, in addition to its refloating and maintenance operations.”

Traffic on the canal, on which more than 10% of world trade depends, resumed on March 29, after the container ship was refloated with the help of international experts.

More than 400 vessels were blocked to the north and south of the isthmus for six days, forming large traffic jams.

The “Ever Given”, with the Panamanian flag, has a length equivalent to four football fields and was docked in the Great Bitter Lake, in the middle of the canal.

According to the SCA, Egypt lost between $ 12 million and $ 15 million a day while the canal was closed.

In 2019-2020, it brought Cairo about $ 5.7 billion.

According to the Allianz insurer, while the channel was blocked, global losses of between 6 and 10 billion dollars were generated each day.

hha / emp / vl / jvb / mar

Read more

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *