The Suez Canal Authority has announced that losses and damages resulting from the grounding of the Ever Given container ship could run to more than $1 billion.
Authorities also said the backlog of hundreds of ships was clearing smoothly and that the Ever Given was currently undergoing checks while moored away from the main Suez navigation channel.
In addition to this, the head of the Suez Canal Authority, Osama Rabie pointed out that the Ever Given would be allowed to continue its voyage when compensation had been agreed, but he warned that the vessel would be held if a settlement could not be reached.
“The ship carries goods worth $3.5 billion. There was cooperation from the company that owns the ship during the crisis,” he said.
He noted that the probe into the international shipping crisis was being conducted by a team that included marine, legal, loss assessment, and engineering experts while predicting that Egyptian compensation claims could be in excess of $1 billion.The blockage held up billions of dollars in global trade each day the canal was closed.
According to Rabie, Egyptian President Abdel Fattah El-Sisi had directed that incentives be granted in the form of a 5 percent to 15 percent reduction for ships affected by the incident. The 800 workers involved in the tricky operation to refloat the Ever Given are to receive bonuses and El-Sisi also pledged to organize a celebration ceremony for them.
Authorities also said the backlog of hundreds of ships was clearing smoothly and that the Ever Given was currently undergoing checks while moored away from the main Suez navigation channel.
In addition to this, the head of the Suez Canal Authority, Osama Rabie pointed out that the Ever Given would be allowed to continue its voyage when compensation had been agreed, but he warned that the vessel would be held if a settlement could not be reached.
“The ship carries goods worth $3.5 billion. There was cooperation from the company that owns the ship during the crisis,” he said.
He noted that the probe into the international shipping crisis was being conducted by a team that included marine, legal, loss assessment, and engineering experts while predicting that Egyptian compensation claims could be in excess of $1 billion.The blockage held up billions of dollars in global trade each day the canal was closed.
According to Rabie, Egyptian President Abdel Fattah El-Sisi had directed that incentives be granted in the form of a 5 percent to 15 percent reduction for ships affected by the incident. The 800 workers involved in the tricky operation to refloat the Ever Given are to receive bonuses and El-Sisi also pledged to organize a celebration ceremony for them.
