General
Losses from Ever Given blockage of Suez Canal estimated to reach more than $1 billion
The chairman of the Suez Canal Authority has valued losses and damages from the Ever Given blockage at a potential $US1 billion ($1.3 billion).
Key points:
- An investigation will examine the seaworthiness of the ship and the captain’s actions
- The ship will remain anchored until the investigation is complete
- Ships are being fast-tracked through the canal, with hopes the backlog can be cleared within days
The six-day blockage threw global supply chains into disarray after the 400-metre-long ship became jammed diagonally across a southern section of the canal, the shortest shipping route between Europe and Asia.
“The amount of damage and losses, and how much the dredgers consumed, will be calculated,” authority chairman Osama Rabie said.
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