Post by M. Hawbaker on Apr 11, 2021 15:37:05 GMT
While the giant Even Given container ship might have been freed from the banks of the Suez Canal, it still finds itself stuck, embroiled in a row of who should pay for dislodging it from the waterway.
Egyptian authorities said that they wouldn't release the massive ship, which was stuck in the Suez Canal for almost a week until its owners agree to pay up to $1 billion in compensation.
"The vessel will remain here until investigations are complete and compensation is paid," Lt. Gen. Osama Rabie, who leads the Suez Canal Authority, told a local news station on Thursday, according to the Wall Street Journal.
"We hope for a speedy agreement," he said, adding that the "minute they agree to compensation, the vessel will be allowed to move."
Egyptian authorities said that they wouldn't release the massive ship, which was stuck in the Suez Canal for almost a week until its owners agree to pay up to $1 billion in compensation.
"The vessel will remain here until investigations are complete and compensation is paid," Lt. Gen. Osama Rabie, who leads the Suez Canal Authority, told a local news station on Thursday, according to the Wall Street Journal.
"We hope for a speedy agreement," he said, adding that the "minute they agree to compensation, the vessel will be allowed to move."
One Billion Dollars. That's pretty steep. 