SUEZ CANAL TO SEEK OVER $1BN COMPENSATION FOR LOSSES CAUSED BY STUCK SHIP


03/04/2021




Aslıhan DOĞRU -TDO- The Egyptian government has announced that at least $1 billion will be demanded from the company to which the ship belongs to compensate for the damage caused by the giant container ship "The Ever Given", which caused sea traffic to stop for six days in the Suez Canal.

In a program on Egypt's Sada al-Beled television, Osama Rabi, head of the Suez Canal Administration, gave assessments of the ship crisis.

Rabi said in a statement that the Canal Administration rescued the stranded vessel six days later without any casualties or damage to the ship's equipment, but the agency lost millions of dollars in one day.

Rabi said the commission, part of an investigation to determine the extent of the damage caused during the disruption of sea traffic, including a sailor, a legal officer, an engineer, and a compensation expert.

Rabi said the cost of the accident exceeded $1 billion, given the attrition share of machinery and vehicles used during the flotation of the ship that was stranded in the accident, equipment damage, and the continuous work of technical teams and engineers.

Rabi reminded that the investigation will take at least a week and said, "The Channel Administration will seek compensation for damages in excess of $1 billion from the company that owns the stranded vessel."


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