Egypt is asking for more than one billion dollars in compensation for the delinquency of a ship in a canal


02:26 AM

Thursday 01 April 2021

Cairo – (dpa):
Lieutenant General Osama Rabie, head of the Suez Canal Authority, revealed that the Canal Authority will request more than one billion dollars in compensation from the company operating the vessel “Ever Giffen” due to the losses resulting from the suspension of navigation in the canal as a result of the ship’s stranding and the disruption of navigation for a period of 6 days.

Rabie indicated in televised statements on Wednesday evening that incentives will be given, with reductions ranging from 5 to 15%, to ships affected by the delinquent ship, according to the wait of each of them, stressing that about 800 people have contributed to the completion of the float of the delinquent ship.

He said that the delinquent ship in the Suez Canal would not leave Egypt until after compensation was paid, explaining that an investigation had begun on Wednesday to determine the circumstances of what happened.

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