Suez Canal chairman says losses from Ever Given blockage could reach $1 billion


  • World
  • Thursday, 01 Apr 2021

FILE PHOTO Osama Rabie Chairman of the Suez Canal Authority attends a news conference in Ismailia Egypt March 29 2021. REUTERSHanaa Habib

FILE PHOTO: Osama Rabie, Chairman of the Suez Canal Authority, attends a news conference in Ismailia, Egypt March 29, 2021. REUTERS/Hanaa Habib

CAIRO (Reuters) - The chairman of the Suez Canal Authority said on Wednesday, in an interview with Egypt's Sada El-Balad TV, that losses and damages from the Ever Given blockage could reach around $1 billion.

"The amount of damage and losses, and how much the dredgers consumed, will be calculated. Estimates, God willing, will reach a billion dollars and a little bit more, this is the country's right," the chairman, Osama Rabie, said.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In