Egypt refuses to release the ship after the stop
UPDATED YESTERDAY 22:32
The container ship Ever Given came loose in the Suez Canal - but is still stuck in Egypt.
To be released, the country's authorities are demanding a billion dollars in compensation for the stop in one of the world's largest waterways.
It took almost a week, but in the end the giant ship Ever Given came loose from the Suez Canal after getting stuck across and affecting large parts of world trade.
Egyptian authorities are now demanding compensation for the stop.
According to The Wall Street Journal, Ever Given will not be released until the container ship's owner agrees to pay $ 1 billion in compensation.
- The ship will stay here until the investigation is completed and the compensation paid, said the head of the channel authority, SCA, Osama Rabie, on Egyptian television on Thursday.
Authority: To cover for transit fees
According to Rabie, the compensation will cover the costs required to get the ship off, but also the loss of transit fees the country lost during the stop that caused a queue of more than 450 ships.
How the channel authority arrived at the amount is not presented. According to the British analysis company Refinitiv, the stop cost the Egyptian state 95 million dollars, money that would largely come back in as soon as the channel traffic was resumed.
Ever Given's blockade in the Suez Canal attracted a lot of attention around the world. A total of 27,000 cubic meters of sand were excavated during the work of unloading the 400-meter-long vessel.
About 50 heavily loaded ships pass the Suez Canal every day. 30 percent of the world's container cargo and 10 percent of all oil are transported via the narrow fairway that connects the Red Sea with the Mediterranean.
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