Port News & Information Mediterranean, Black & Caspian Seas

Suez Canal Insurance Company pays compensation to Suez Canal Authority

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Port Said, Egypt (Ports Europe) August 13, 2018 – The Suez Canal Insurance Company has paid a EGY 15 million ($838,000/€733,000) compensation to the Suez Canal Authority for the material losses it incurred as a result of a sinking accident in May, the managing director of the insurer, Ayman Nassif, said. The compensation was paid in full in accordance…

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