Egypt is mad as hell and it’s not going to take it anymore!
The Egyptian government seized the Japanese-owned and Panama-flagged Ever Given container ship. According to the New York Post, Suez Canal authorities are holding the ship and demanding $900 million in compensation for the palmface-inducing mistake.
Suez Canal Authority (SCA) officials continue to conduct investigations after disloding the ship on March 29 after being stuck for a week. Ever Given had been carrying $3.5 billion in goods.
The $900 million cost is for lost transit fees, the cost of freeing the ship, and “great moral damage.”
The country’s courts have already approved the impoundment of one of the world’s largest container ships and its crew, pending receipt of a compensation payment from the ship’s owners.
Leave a Comment