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2021-04-14 Africa North

Egypt 'Seizes' Suez Megaship, Demands Nearly $1 Bln Compensation

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Posted by Fred 2021-04-14 00:00|| || Front Page|| [5 views ] Top

#1 Fpx; Egypt has seized the container ship that last month blocked the Suez Canal..., amid a dispute over how much compensation the country is owed following the weeklong shutdown of the waterway.
The move turns up pressure on Ever Given's Japanese owner to negotiate a settlement that Egyptian authorities are claiming should be roughly $1 billion for damage to the canal and lost business...

Posted by b 2021-04-14 09:39|| 2021-04-14 09:39|| Front Page Top

#2 Egypt lost no revenue, only delayed, from ships that were backed up. They only lost money on ships that decided to go around Africa and the cost of freeing that cargo ship.

Posted by Phavimp Smith9261 2021-04-14 13:14|| 2021-04-14 13:14|| Front Page Top

#3 Goin for the deep pockets.

Posted by Skidmark 2021-04-14 16:18|| 2021-04-14 16:18|| Front Page Top

#4 The $1billion is the opening position of a souk negotiation. Nobody expects that will be the number on the check when its finally cut.

Posted by trailing wife 2021-04-14 20:59|| 2021-04-14 20:59|| Front Page Top

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