EGYPT has seized the giant container ship that blocked the Suez Canal as it demands compensation of almost $1billion.
Insurer UK P&I Club said that it received a claim for $916 million, the size of which was “largely unsupported”.
It said it was disappointed that the vessel was arrested on Tuesday.
The ship had been expected to resume it’s voyage to Hamburg and a scheduled stop at the Suffolk port of Felixstowe this weekend had also been planned.
But that has now been scrapped and even now almost a fortnight later there are still hold ups in the supply of goods from the Far East to Europe as several container ships decided to sail around Africa adding days onto the journeys.