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Egypt may seek $1B in damages for canal blockage

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Egypt may seek $1 billion in damages over the container vessel that blocked the country's Suez Canal for nearly a week.

Suez Canal Authority officials cited losses linked to transit fees, damages to the waterway and costs for equipment and labor.

The Ever Given ship, owned by Japan’s Shoei Kisen Kaisha Ltd., was freed six days after running around on March 23.

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