Suez Canal Considering Discounts for Ships Affected by Blockage

The Suez Canal Authority is considering discounts for vessels affected by the blockage caused by a stranded container ship, its chairman said on Sunday.

Osama Rabie also told Al Arabiya TV that the canal was losing $13-14 million in revenue daily after halting traffic due to the grounded ship and that 369 vessels were waiting to transit the canal.

(Reporting by Omar Fahmy and Mahmoud Mourad; Writing by Aidan Lewis; Editing by Alex Richardson)