(ZEROHEDGE) – The Egyptian authorities have seized the massive container ship that notoriously blocked the Suez Canal for almost a week as the government demands hundreds of millions of dollars in compensation from its owners.
This week, an Egyptian court ordered Ever Given's Japanese owner, Shoei Kisen Kaisha, to pay a whopping $900 million in compensation after the vessel blocked the world's most important waterway for six days.
The compensation payment Egypt seeks includes lost revenue from the ships that would have transited the waterway during the blockage and damages to the canal and the equipment and labor to dislodge the mega container ship from the canal's bank.
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