The Ever Given container ship that blocked Egypt’s Suez Canal and crippled world trade for nearly a week has been seized by the Egyptian government on court orders.

Egypt is demanding $900million in compensation after the ship got stuck in the vital trade route for nearly a week.

According to the Canal Authority, Egypt lost between US$12 and US$15 million in revenue each day the waterway was closed. The canal is one of its main sources of income, the passage brought in around $ 5.7 billion in Cairo in 2019-2020.

Chief of Suez Canal Authority, Admiral Ossama Rabie in a statement said the $900 million is compensation to “losses caused by the boat to the Authority in addition to its refloating and maintenance operations”

READ MORE; https://newscentral.africa/2021/04/14/egypt-demands-900-million-in-damages-for-suez-canal-blockage/

country wey get sense, Nigeria still behaving like a baby.

Cashout!