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Egypt Asks for Up to $1.0Bil

A recent article by CNBC states that Egypt is seeking up to one billion dollars in compensation for the recent blockage of the Suez canal by the Ever Given, a cargo ship owned by freight company, Evergreen. Osama Rabie, the chairman and managing director of the state-owned Suez Canal Authority, reports that the money would be used for compensating the 800 workers who helped to free the ship, as well as damages caused by the blockage. While it is unclear as to whom will be responsible for the bill, the Ever Given may be held in Great Bitter Lake until further notice if this case goes to court.

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square ep 53 - The Chemical Company

April 2021 | The View, Podcast Edition – Episode 053

Episode 053 of The View from Jamestown, Podcast Edition
April 2021 Episode

– Imports & vessel delays extending lead times by 4-8 weeks
– Domestic trucking remains extremely difficult for all formats
– Renewable energy & biodiesel requirements in Europe playing large role in raw material availability

President Robb Roach
VP Sales & Marketing AJ Petrarca
Latin American Operations Manager Javier Fernandez

Host: Marketing & Sales Specialist Ben Sawicki

Hosted by: Ben Sawicki

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