Egypt is seeking $ 1 billion in compensation for the once-given crisis that blocked the Suez Canal for nearly a week

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Egypt is expecting more than $ 1 billion (£ 722 million) in compensation after a freighter blocked the Suez Canal for nearly a week, the highest channel official said.

Ossama Rabei, the CEO of the Suez Canal Authority (SCA), also warned the ship and the approximately $ 3.5 billion (£ 2.5 billion) cargo will not leave Egypt if the issue of damages comes to court.

But he explained that if an investigation went smoothly and the compensation amount was agreed, the ship could continue sailing without any problems.

On Thursday, the ship’s technical managers, Bernhard Schulte Shipmanagement, said in an email to The Associated Press that the ship’s crew was working with authorities in their investigation of what led to the ship running aground.

They said investigators from the Suez Canal Authority have been given access to the Voyage Data Recorder, also known as a ship’s black box.

The Suez Canal Authority has said they plan to seek $ 1 billion (£ 722 million) in compensation after Ever Given stalled and shut down all operations for nearly a week.

The Suez Canal Authority has said they plan to seek $ 1 billion (£ 722 million) in compensation after Ever Given stalled and shut down all operations for nearly a week.

The channel authority plans to request $ 1 billion (£ 722 million) in compensation to recoup the losses suffered when Ever Given was trapped in the Suez Canal for six days on March 23.

The channel authority plans to request $ 1 billion (£ 722 million) in compensation to recoup the losses suffered when Ever Given was trapped in the Suez Canal for six days on March 23.

The channel authority plans to request $ 1 billion (£ 722 million) in compensation to recoup the losses suffered when Ever Given was trapped in the Suez Canal for six days on March 23.

The news was announced by Rabei in a telephone interview with government-run broadcaster Sada Elbalad on March 31.

He said the Canal Authority would demand $ 1 billion (£ 722 million) as compensation for the six-day delay.

“It’s the right of the land,” Rabei said, without specifying who would be responsible for paying the compensation.

It is expected that either the Japanese company Shoei Kisen Kaisha, which owns the Panama-operated Ever Given, or the Taiwanese company Evergreen Marine Corp, which mapped the vessel, will be liable for the compensation.

But Evergreen Marine Corp has said the accident was not their responsibility and doubt they will be sought for compensation.

Rabei said the canal authorities and the ship owners have had a good relationship in the past.

Two Egyptian channel pilots were on board when the ship got stuck.

Such an arrangement is common for guiding ships through the narrow waterway, but the captain of the ship retains ultimate authority, according to experts.

The ship was detained for six days before authorities could finally release it on Monday.

The Ever Given is now located about halfway up the channel in a small lake called Bitter Lake, as the SCA is investigating.

All of the ship’s crew are reported to be cooperating and have provided any logs or information requested of them.

The compensation amount includes the costs of the salvage operation, the foregone transit charges and the costs associated with the shutdown of all traffic in the channel.

The Suez Canal is one of the busiest shipping routes in the world as it creates the shortest distance for ships to cross the Atlantic Ocean from the Indian Ocean in about 16 hours.

The compensation amount includes the cost of the salvage operation, lost transit fees and the costs associated with stopping all traffic in the channel

The compensation amount includes the cost of the salvage operation, lost transit fees and the costs associated with stopping all traffic in the channel

The compensation amount includes the cost of the salvage operation, lost transit fees and the costs associated with stopping all traffic in the channel

The Ever Given is now about halfway up a lake called Bitter Lake, as the SCA is investigating.  All of the ship's crew are reported to be cooperating and have provided any logbooks or information requested of them

The Ever Given is now about halfway up a lake called Bitter Lake, as the SCA is investigating.  All of the ship's crew are reported to be cooperating and have provided any logs or information requested of them

The Ever Given is now about halfway up a lake called Bitter Lake, as the SCA is investigating. All of the ship’s crew are reported to be cooperating and have provided any logs or information requested of them

The ship was trapped for six days before authorities finally managed to release it during an operation involving tugs and diggers.

The ship was trapped for six days before authorities finally managed to release it during an operation involving tugs and diggers.

The ship was trapped for six days before authorities finally managed to release it during an operation involving tugs and diggers.

The Suez Canal is one of the busiest shipping routes in the world as it creates the shortest distance for ships to cross the Atlantic Ocean from the Indian Ocean in about 16 hours.

The Suez Canal is one of the busiest shipping routes in the world as it creates the shortest distance for ships to cross the Atlantic Ocean from the Indian Ocean in about 16 hours.

The Suez Canal is one of the busiest shipping routes in the world as it creates the shortest distance for ships to cross the Atlantic Ocean from the Indian Ocean in about 16 hours.

The other options would be to sail around the Cape of Good Hope in South Africa, a voyage that can take around 24 days, or to use the Arctic shipping root, which would add 35 days to the voyage.

The other options would be to sail around the Cape of Good Hope in South Africa, a voyage that can take around 24 days, or to use the Arctic shipping root, which would add 35 days to the voyage.

The other options would be to sail around the Cape of Good Hope in South Africa, a voyage that can take around 24 days, or to use the Arctic shipping root, which would add 35 days to the voyage.

The other options would be to sail around the Cape of Good Hope in South Africa, a voyage that could take about 24 days, or to use the Arctic shipping root, which would add 35 days to the voyage.

Ever Given had run aground diagonally across a southern section of the canal in high winds last Tuesday, halting traffic on the shortest shipping route between Europe and Asia.

The Ever Given’s bow was finally driven off the canal bank on Monday and towed up the waterway after tugs straightened the ship in an early morning operation and dredgers sucked up large chunks of sand.

At least 400 ships are waiting to traverse the channel, including dozens of container ships, bulk carriers, oil tankers, and liquefied natural gas (LNG) or liquefied petroleum gas (LPG) ships by the time the Ever Given was released on Monday.

On Monday evening, the Channel reopened to shipping traffic in both directions after the waterway was checked for damage caused by the Ever Given.

But the unprecedented shutdown, which raised fears of lengthy delays, shortages of goods and rising costs for consumers, put additional pressure on the shipping industry, which was already under pressure from the coronavirus pandemic.

The Ever Given was on its way again today in the Suez Canal

The Ever Given was on its way again today in the Suez Canal

The Ever Given was towed by tugboats to a wide stretch of water almost a week after it became trapped in the Egyptian coast

The Ever Given was towed by tugboats to a wide stretch of water almost a week after it became trapped in the Egyptian coast

On the way: The Ever Given was back on the road in the Suez Canal on Monday, and was stranded on the Egyptian coast in a blockade choking global trade nearly a week after being pulled by tugboats to a wide stretch of water.