Firstly let’s do some math. The vessel was aground for 9 days. Wikipedia says:
> Over 300 vessels at both ends of the canal were obstructed by Ever Given , including five other container ships of similar size. These included 41 bulk carriers and 24 crude oil tankers
The Canal Authority says the backlog was cleared within 12 days. Obviously some ships would have only arrived later and some would have got through earlier, but let’s just assume 12 days for 300 ships. Let’s assume the tankers were all dirty suezmax tankers and all the bulkers similarly large at about $50k and $20k per day respectively, and actually let’s just use a blended rate of say $30k which is far too high but anyway. That’s $108M, and an insane exaggeration. Never mind $1B
Secondly, the people losing money on those ships are primarily time charterers who were paying by the day - see above. But whoever. It is highly doubtful that either the owners of the Ever Given or the Canal Authority owed them any duty of care. I very much doubt a canal authority has a legally enforceable obligation to keep its canal open. And good luck trying to pursue such a claim in Egypt. And it hasn’t been proven any particular party was at fault yet anyway.
Look, I do a lot of work in relation to maritime infrastructure that gets blocked one way or another every now and again. And when it happens, there is a lot of hyperventilating about the trillions of dollars being lost every microsecond (OMG everybody panic!). And the claims for pure economic loss never eventuate. Never. Not once in 30 years of practice. Why? Most of those who have arguably lost something are not owed a duty of care. Or have no way to enforce their claim anyway. Or work a bit faster later and make up the alleged lost productivity etc. Or used the downtime for maintenance they would have had to do anyway. And so on and on.
This was a small incident. A big photogenic ship got minorly stuck in a canal on soft sand for a short period of time and was refloated easily with no damage.