Suez Canal chairman says losses from Ever Given blockage could reach US$1b

CAIRO, April 1 — The chairman of the Suez Canal Authority said yesterday, in an interview with Egypt’s Sada El-Balad TV, that losses and damages from the Ever Given blockage could reach around US$1 billion (RM4.15 billion).

“The amount of damage and losses, and how much the dredgers consumed, will be calculated. Estimates, God willing, will reach a billion dollars and a little bit more, this is the country’s right,” the chairman, Osama Rabie, said. — Reuters