Ripples of the Ever Given cargo ship grounding in the Suez Canal is beginning to be felt. As experts all over the world are analysing the losses, compensation claims are already making their way with Egypt claiming a $1 billion compensation.
According to statements issued by the top officials of Suez Canal, ” Egypt is expecting more than $1 billion in compensation after the cargo ship blocked the Suez Canal for nearly a week, stopping ship traffic”. Once the issue gets to the court, the ship and...