Tuesday, April 20

Suez Canal: the dispute over who should pay for the losses from the blockade of the Ever Given freighter


  • Drafting
  • BBC World News

Ever Given

Image source, Getty Images

Caption,

The Ever Given is in a safe zone while the investigation is being conducted.

As divers scrutinize Ever Given’s hull to see if it can continue to navigate, they begin to question who should pay for the losses incurred during the blockade of the Suez Canal.

“The damage and losses and how much the dredging machines have consumed will be calculated. The estimate will reach US $ 1,000 or perhaps a little more. It is a right that Egypt has,” he said Wednesday. Osama Rabie, president of the Suez Canal Authority (ACS), without specifying who should pay that money or whether Egypt has already claimed compensation.

That figure would be calculated based on the lost transit fees, the damage to the waterway during the drainage, the efforts to refloat the freighter and the costs for equipment and material.

Rabie said on Egyptian television that the incident damaged Egypt’s reputation. “The country should get what it deserves“he added.


www.bbc.com

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