Ever Given

Egypt Loses $1 Billion from Suez Canal Blockage

Lt. Gen. Oussama Rabie, head of the Suez Canal Authority, said at a press conference on Thursday that the blockage of the Suez Canal by the container ship MV Ever Given imposed a billion dollars in damages on Egypt.

The container ship, the Ever Given, is seen moving at the Suez Canal on March 29, 2021 in Suez, Egypt. Early Monday, the Suez Canal Authority said the angle of the Ever Given, a huge container ship stuck in the canal, had been corrected by 80 percent. The ship ran aground …