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Egypt impounds Ever Given ship over $900 million Suez Canal compensation bill

by capitalizefinancial
April 14, 2021
in Sports
0
Egypt impounds Ever Given ship over $900 million Suez Canal compensation bill

Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages, the state-run Al Ahram news outlet said on Tuesday.

An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of losses inflicted when the Panamanian-flagged Ever Given prevented marine traffic from transiting through the vital global trade waterway
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