Not so fast, it has never been given!
The massive container ship that blocked the Suez Canal for almost a week last month may be unhooked, but it won’t sink, in fact, it won’t go anywhere until a compensatory fee is paid.
Egypt is demanding the considerable payment, which could amount to $ 1 billion, as local authorities are investigating how the ship got stuck in the canal and closed a key waterway, according to the Wall Street Journal.
“The ship will remain here until investigations are completed and compensation is paid,” Osama Rabie, president of the Suez Canal Authority, told Egyptian state television on Thursday.
“It simply came to our notice then. The moment they accept an indemnity, the ship will be allowed to move ”.
The crash caused “chaos on the heavily trafficked waterway, blocking $ 9 billion every day in world trade and (putting) more strain on supply chains that were already spreading during the coronavirus pandemic,” he said. previously reported The Post.