Egypt may seek $1 billion in compensation over Suez Canal blockage The figure is an estimate of losses incurred by Egypt over transit fees, damage to the waterway during dredging and salvage efforts. The amount also includes an estimate of cost of equipment and labou BusinessToday.In | April 3, 2021 | Updated 15:03 IST Suez Canal blockage 2021 Egypt has said that it might seek $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week. The blockage led to disruption in global trade. The figure is an estimate of losses incurred by Egypt over transit fees, damage to the waterway during dredging and salvage efforts. The amount also includes an estimate of cost of equipment and labour, said Suez Canal Authority CEO Osama Rabie to local television channel Sada Elbalad.