Egypt offers to cut compensation claim for blocking of canal

The Suez Canal Authority has offered to shave off a third of its compensation claim against the owners of container ship Ever Given, which blocked the Suez Canal for nearly a week.

Photo: Sayed Hassan/AP/Ritzau Scanpix

Egypt offered to reduce claims by a third for compensation from owners of the container ship that blocked the Suez Canal in March, Suez Canal Authority Chairman Osama Rabie told MBC Masr television channel.

The canal authority said it would reduce the claims for compensation to USD 600 million from USD 900 million, according to Rabie. The SCA also offered payment terms to owners of the Ever Given container ship but they have yet to respond, he said.

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