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Egypt expects to lose $1 billion due to ships stranded in Suez



According to senior canal officials, Egypt expects that after a cargo ship has blocked the Suez Canal for nearly a week, Egypt will receive more than $1 billion in compensation. He also warned that if the issue of damages is submitted to the court, the ship and its cargo will not be allowed to leave Egypt.

The head of the canal authority, Lieutenant General Osama Rabe, said in a telephone interview on a pro-government TV talk show on Wednesday that the amount has taken into account the salvage operations, stagnant traffic costs, and this week’s endless traffic loss. The Suez Canal.

Rabe said: “This is the right of the country.”

; He did not specify who will be responsible for compensation. He added that in the past, the canal authorities had a good relationship with the shipowners.

The large cargo ship is currently in one of the mooring lakes in the canal, and the authorities and the ship’s manager said an investigation is underway.

On Thursday, the ship’s technical manager Bernard Schulte Shipmanagement said in an email to the Associated Press that the ship’s crew is cooperating with the authorities to investigate the cause of the ship’s grounding. They said that investigators from the Suez Canal authorities have obtained access to the voyage data recorder, which is also known as the ship’s black box.

The rabbi also said that if the investigation goes smoothly and an agreement is reached on the amount of compensation, the ship can continue to sail without problems.

However, if the issue of compensation involves litigation, “Eternal Era” and its goods worth about 3.5 billion US dollars will not be allowed to leave Egypt, he told the host of the exhibition.

The lawsuit can be complicated because the ship is owned by a Japanese company, operated by a Taiwanese shipper, and flying the flag in Panama.

Bernhard Schulte had previously said that when the ship jammed, two Egyptian canal pilots were on board. Experts say this arrangement is used to guide ships through narrow waterways, but the captain retains the ultimate power.

On Monday, with the help of the tide, a tugboat fleet twisted the bulbous bow of the Eternal Minutes from the sandy shore of the canal, where it was firmly stored. After several days of unsuccessfully withdrawing the colossus that attracted the world, these tugboats subsequently brought “endless gifts” into the water, causing censorship and social media ridicule.

Ever Given crashed on the one-way bank of a canal about 6 kilometers (3.7 miles) north of the southern entrance of Suez City. This forced some ships to take a longer alternative route along the Cape of Good Hope, the southernmost tip of Africa-a 5,000-kilometer (3,100-mile) detour, costing the ship hundreds of thousands of dollars in fuel and other expenses. Others waited until the blockade ended.

The unprecedented shutdown has increased concerns about delays, shortages of goods and rising consumer costs, which has increased the pressure on the shipping industry, which has been under the pressure of the coronavirus pandemic.


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