Egypt estimated the losses due to the blockade of the Suez Canal

News

Egypt estimated the losses due to the blockade of the Suez Canal

29.03.2021 News

Egypt is losing about $ 14 million a day due to the blockade of the Suez Canal by the giant container ship Ever Given. The head of the Suez Canal Osama Rabi in an interview with eXtra News stated this.

It is difficult to calculate the exact amount of losses, as the fees that Egypt charges for the passage of the canal vary depending on the size of the vessel and cargo, said Rabi.

He also said that because of the use of dredgers managed to extract 27 thousand cubic meters of sand at a depth of 18 meters. Dredging works are underway, said Rabi.

Also, the head of the department said that the day before 12 tugs tried to pull the container ship: some tugs were pulling the ship from the bow, some were pushing the stern. Two more tugs came to their aid.

At the same time, every day during which the most important transport artery remains blocked costs the world economy nine billion dollars, experts estimate. This is a significant loss, given its condition during a coronavirus pandemic.

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