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Breaking News Thread:
The momentum of the Ever Given may have caused the stern of the ship to ground onto the West Bank of the canal, when the bow was stopped by running aground on the east Bank of the canal. The steering had been reported stuck, but that did not cause the accident, rather was a result of the bow colliding with the East Bank of the canal.
"Egypt will seek more than $1 billion in damages after a massive container ship had blocked the Suez Canal and disrupted global trade for nearly a week, the top canal official said.
He also warned the ship and its cargo will not be allowed leave Egypt if the issue of damages goes to court.
Lt. Gen. Ossama Rabei, head of the canal authority, said in a phone interview with a pro-government TV talk show on Wednesday that the amount takes into account the salvage operation, costs of stalled traffic, and lost transit fees for the week that the Ever Given had blocked the Suez Canal."
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Ship stuck in Suez Canal
Suez Canal blocked by traffic jam after massive container ship runs aground This may not seem like a big deal, but could influence oil prices, as well as plenty of Asian trade with Europe.
debatepolitics.com
The momentum of the Ever Given may have caused the stern of the ship to ground onto the West Bank of the canal, when the bow was stopped by running aground on the east Bank of the canal. The steering had been reported stuck, but that did not cause the accident, rather was a result of the bow colliding with the East Bank of the canal.
"Egypt will seek more than $1 billion in damages after a massive container ship had blocked the Suez Canal and disrupted global trade for nearly a week, the top canal official said.
He also warned the ship and its cargo will not be allowed leave Egypt if the issue of damages goes to court.
Lt. Gen. Ossama Rabei, head of the canal authority, said in a phone interview with a pro-government TV talk show on Wednesday that the amount takes into account the salvage operation, costs of stalled traffic, and lost transit fees for the week that the Ever Given had blocked the Suez Canal."
Egypt to seek $1 billion in damages over Suez Canal blockage
Egypt will seek more than $1 billion in damages after a massive container ship had blocked the Suez Canal and disrupted global trade for nearly a week, the...
www.dailysabah.com
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