“It is expected that the final agreement will be reached and announced in the middle of next week.”
The British Club, the ship’s insurance company, stated that an agreement has been reached in principle and the two sides are working hard to finalize the signed agreement as soon as possible.
200,000 tons The MV that I gave During a sandstorm on March 23, it was trapped diagonally across the canal and blocked an important trade artery for six days before the rescue team removed it.
According to the Canal Authority, Egypt loses 12 to 15 million U.S. dollars in revenue per day by closing waterways.
The large amount of salvage required for the ship’s grounding and re-floating also caused significant damage to the canal, and Egypt hopes to compensate.
Last month, President Abdul Fatah Al-Sisi approved a large-scale expansion of the canal to avoid future blockages.