Egypt demands over $1B in damages after Suez Canal blockage

Re:Egypt demands over $1B in damages after Suez Canal blockage by walrus01 on Sunday April 04, 2021 @06:34AM (#26688292)

The Egyptian armed forces are in a very good position to keep the ship in the great bitter lake as long as they want, question is, what's the value of the cargo onboard?

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Re:Egypt demands over $1B in damages after Suez Canal blockage by scaladev on Sunday April 04, 2021 @06:36AM (#26688304)

Did you not read TFA?

> the Ever Given and its some $3.5 billion worth of cargo would not be allowed to leave Egypt

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Re:Egypt demands over $1B in damages after Suez Canal blockage by goatinaboat on Sunday April 04, 2021 @06:36AM (#26688310)

what's the value of the cargo onboard?

According to the article, $3.5Bn.

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Re:Egypt demands over $1B in damages after Suez Canal blockage by tsujp on Sunday April 04, 2021 @06:37AM (#26688312)

The estimated cargo value is $3.5 B.

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Re:Egypt demands over $1B in damages after Suez Canal blockage by rovr138 on Sunday April 04, 2021 @06:36AM (#26688306)

Wow

When does it become piracy?

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Re:Egypt demands over $1B in damages after Suez Canal blockage by goatinaboat on Sunday April 04, 2021 @06:39AM (#26688323)

When does it become piracy?

Never. The Egyptian government could simply issue itself a letter of marque. But a country impounding a ship while it is within its sovereign territory over unpaid fees would never be considered piracy anyway.

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Re:Egypt demands over $1B in damages after Suez Canal blockage by skbly7 on Sunday April 04, 2021 @06:38AM (#26688318)

Well, it is already written in the link....

> $3.5 billion worth of cargo

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