Ever Given Stuck Again As Estimates Of Shipping Stall Total 1 Billion
The Authority said it will likely seek around $1 billion in physical and financial damages caused by the trade route’s blockage, Egypt’s Sada ElBalad news reported according to USA Today. The dollar amount will cover the costs of lost transit fees, the seven days of dredging and tugboat activity used to dislodge the ship and the resulting damage caused to the canal. However, the $1 billion doesn’t include the financial losses incurred by over 400 boats rerouted due to the canal’s blockage....