Tag: Egypt

  • Egypt Demands $900M To Release Ship Blamed For Suez Blockage

    Egypt Demands $900M To Release Ship Blamed For Suez Blockage

    Egypt is demanding $900 million in compensation for the release of the Japanese owned container ship that caused the week-long blockade of the Suez Canal. The Government Daily Al-Ahram reported on Tuesday that negotiations between the Suez Canal Authority (SCA) and  Japanese company Shoei Kisen were ongoing, with the SCA insisting the shipping company was…