Suez Blockade: Egypt Demands $1 Billion Compensation To Release 'Ever Given' Ship

The Suez canal chief demands $1 billion from 'Ever Given' ship management as compensation, and warns of seizing the ship if the issue is not solved amicably. The compensation includes the cost of the ship's salvage operation, stalled traffic, and lost transit fee during the week-long hiatus by Ever Given. The authorities are trying to avoid legal disputes, but it is still unclear who would pay the compensation amount.