Suez Canal chairman says losses from Ever Given blockage could reach $1 billion


FILE PHOTO: Osama Rabie, Chairman of the Suez Canal Authority, attends a news conference in Ismailia, Egypt March 29, 2021. REUTERS/Hanaa Habib

CAIRO (Reuters) - The chairman of the Suez Canal Authority said on Wednesday, in an interview with Egypt's Sada El-Balad TV, that losses and damages from the Ever Given blockage could reach around $1 billion.

"The amount of damage and losses, and how much the dredgers consumed, will be calculated. Estimates, God willing, will reach a billion dollars and a little bit more, this is the country's right," the chairman, Osama Rabie, said.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

NTSB says runway safety system did not activate before fatal Air Canada Express collision
U.S. dollar ticks up
1st LD Writethru: Kuwait reopens airspace at Kuwait International Airport
Iran fast-boat swarms add to Hormuz threats for shipping
European states accuse Russia of trying to erase memory of Stalin's crimes after monument disappears
Libya rescues 404 migrants off eastern coast
Sant Jordi festival sweeps Barcelona with roses, books, romance
Pope Leo signals no plan to go beyond blessings for same-sex couples
Flash: Air sirens triggered in Tehran to counter "hostile targets" -- Iran's Mehr News Agency
Mozambican exporters hail China's zero-tariff policy to boost agricultural trade expansion

Others Also Read