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VOLUME III: The Ever Given Isn’t Out Of Dire Straits Yet?

I guess that the Ever Given ship isn’t out of muddy waters just yet.

Volume III of the EVERGREEN has officially emerged!

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The Egyptian government decided to seek $1 billion in damages for the logistics blockage made by the Suez Canal blockage.

Recently, numerous reports say that the Egyptian officials may be seeking damages for slowdowns caused by the massive green cargo ship in the Suez Canal.

Wow, I don’t want to be in the place of the crew or the captain of Ever Given ship.

Firstly, I want to know, officially, was this caused on purpose, or was it just a mistake?

Secondly, who is to blame for this billion-dollar worth blockage? Someone has to pay the price…

See below.

CNBC covered this story.

”Egyptian authorities may seek over $1 billion in damages for helping to clear the Ever Given from the Suez Canal, as a dilemma emerges over who might foot the bill.

“We will reach over a billion dollars in compensation,” Osama Rabie, the chairman and managing director of the state-owned Suez Canal Authority, told Egypt’s Sada El Balad channel on Wednesday evening.


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Rabie said the figure is based on canal revenue losses, the cost of equipment and machinery, and the manpower hours for the 800 rescuers who freed the ship.

“We will ask for a fair amount,” Rabie said, according to a NBC News translation, without specifying who might be liable to pay.

“We saved them so much by rescuing the ship without any major damage or losses,” he added.”

USA Today shared some information as well.

”The cost of blocking shipping for almost a week through one of the most crucial waterways on earth apparently comes in at right around $1 billion.

And that’s just the bill Egypt could soon be trying to collect. It does not include damages for the owners of more than 400 boats delayed by the calamity on the Suez Canal, nor compensation that could be sought by companies whose materials or products were on those boats.

Lt. Gen. Ossama Rabei, head of Suez Canal Authority, told Egypt’s Sada ElBalad news that Egypt will likely seek $1 billion in compensation for physical and financial damages resulting from the grounding of the massive cargo ship Ever Given. Rabei said the compensation would cover losses from transit fees, the cost of six days of dredging and tugboat activity – and damage to the canal from the dredging.”

Source
USA Today CNBCTwitter YouTube

Addison Wilson

A passionate teacher in English Language and Literature ready to give her best! Developing and implementing diverse curriculums covering a wide range of subjects. With my problem-solving skills, every job will be easily completed, so punctuation is my strength. Highly skilled at motivating students through positive encouragement and reinforcement of concepts via interactive classroom instruction and observation. My working style fits every personality type, so it makes me a great team player. I have completed numerous journalistic projects successfully, so digging for further information is my field. Fighter for freedom of speech! The truth must be revealed!

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