Ever Given not allowed to proceed until $one billion in damages are paid to the Suez Canal authority
Ever Given will not be allowed to proceed on the Suez canal until damages are paid, and it is in the Great Bitter lake, with Suez canal on both sides. The canal authority is demanding compensation of one billion dollars because of the blockade that lasted for days and will only allow the Ever Given to continue once an agreement to pay damages has been reached.
They are claiming losses of 14 to 15 million dollars per day as well as the days of work with dredgers and tugs to recover the ship. It is estimated that a cargo worth $ 3.5 billion is on board. The Canal Authority is demanding pay for saving the ship and it's cargo and have no intentions of allowing it to leave without an agreement for compensation.
Read more here . . .
The random thoughts of 99th Monkey . . . an occasional rant and other reflections in the hall of mirrors.