Ship Owner Pays Millions to Victims, Survivors in Egyptian Ferry Disaster

The owner of an Egyptian ferry that sank in the Red Sea in February, killing 1,000 passengers, is paying millions of dollars to the families of victims and to survivors. An Egyptian prosecutor announced Tuesday that shipowner Mamdouh Ismail has transferred the money into a compensation fund. The family of each victim will get $52,000. Each survivor will receive almost $9,000.