![The container ship 'Ever Given' is refloated, unblocking the Suez Canal on March 29, 2021 in Suez, Egypt [Mahmoud Khaled/Getty Images]](https://i2.wp.com/www.middleeastmonitor.com/wp-content/uploads/2021/03/GettyImages-1232003138-scaled-e1617184760526.jpg?resize=1200%2C800&quality=85&strip=all&zoom=1&ssl=1)
![The container ship 'Ever Given' is refloated, unblocking the Suez Canal on March 29, 2021 in Suez, Egypt [Mahmoud Khaled/Getty Images]](https://i2.wp.com/www.middleeastmonitor.com/wp-content/uploads/2021/03/GettyImages-1232003138-scaled-e1617184760526.jpg?resize=500%2C333&quality=85&strip=all&zoom=1&ssl=1)
Head of the Suez Canal Authority (SCA) Osama Rabie said yesterday that the initial estimate of the losses resulting from Ever Given ship running aground amounted to $1 billion. State-owned Akhbar El-Yom newspaper...
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