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Hope to end $900 mn dispute over Suez Canal blockage soon: Egypt
short by Krishna Raj / on Monday, 26 April, 2021
Egypt has said it soon hopes to end the dispute over blockage of the Suez Canal by the Ever Given ship. The Suez Canal Authority had claimed $916 million in damages from Ever Given's owners. The ship's insurer for third-party losses, UK P&I Club, questioned the calculations and said a "generous offer" was made to the authority on April 12.
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