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SUEZ CANAL BLOCKAGE: EGYPT SEIZE MV EVER GIVEN, DEMAND $900 MILLION COMPENSATION

Egyptian authorities have seized MV Ever Given, the mega ship which blocked the Suez Canal and nearly crippled world trade for about a week. 


Backed by an Egyptian court order, the owners of there 200,000-tonne mega ship have been mandated to pay $900,000 compensation, authorities said on Tuesday. 


Recall Eons Intelligence reported in March that the MV Ever Given got stuck for 6 days at a crucial global trade artery, causing a tail long traffic at sea. 

READ ALSO: HOPE AS EVER GIVEN CONTAINER SHIP BLOCKING SUEZ CANAL REFLOATS

Estimates by a maritime data company Lloyd’s List, projected that the blockage held up an estimated $9.6 billion-worth of cargo between Asia and Europe each day it was stuck.


The Canal authority stated that Egypt lost between $12 and $15 million in revenues each day the waterway was closed.


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