The Egyptian government and the owners of an Egyptian ferry that sank in the Red Sea offered financial compensation to the relatives of the missing Wednesday amid simmering anger over the tragedy. "We are offering 150,000 pounds ($26,000) to the family of each lost person and the amount given to survivors will vary according to the nature of the injury," said an official from Al-Salam Maritime Transport Co. Mohammad Helmi told AFP that the company, which owned the Al-Salam Boccaccio 98 that sank Friday in the Red Sea, was also in talks over a special package for the disaster's youngest known survivor, 6-year-old Mohammad Ahmad Hassan. "The company has offered lifetime full care coverage for the child who lost his family," he said. According to the company, 424 of the 1,415 on board have been rescued, leaving close to 1,000 people feared dead. Al-Salam, which publishes a list of survivors on its Web site, had previously said 426 people had been rescued.