Officials in Egypt say the losses the six-day blockage of the Suez Canal caused the canal authority while a Japanese container ship was stuck there, are estimated to be between 12 million and 15 million dollars per day.
Canal traffic resumed on Monday as the Ever Given, which is operated by a Taiwanese company, was refloated and began moving.
The Suez Canal Authority revealed the estimate at a news conference on Monday.
It also suggested that further investigation will determine liability and the amount of compensation. The head of the Canal Authority, Osama Rabie, earlier noted that strong wind was not the only factor that caused the container ship to become wedged.
He did not rule out technical or human error, and indicated that the investigations will also reveal what caused the incident.