Egypt’s Suez Canal revenues down 40% due to Houthi attacks
CAIRO : Dollar revenues from Egypt’s Suez Canal are down 40% from the beginning of the year compared to 2023, canal authority head Osama Rabie said on Thursday,
Canals aren’t the world’s biggest shipping chokepoints
CAIRO : When traffic through the Suez Canal ground to a halt in 2021, the extraordinary cost and disruptions to global commerce seemed overwhelming. But 5,000 miles from
India explores measures to mitigate Red Sea crisis impact on export trade
NEW DELHI : Ιndian government and shipping industry stakeholders have realised the urgency to deal with growing trade challenges from the Red Sea shipping crisis, as market rating
Panama Canal Authority ‘understands’ Maersk’s decision to use rail amid drought
PANAMA CITY : The Panama Canal Authority said on January 12 that it “understands” clients’ decisions to turn to alternative shipping methods as the canal faces restrictions due
US military strikes another Houthi-controlled site in Yemen, poses risk to commercial vessels in Red
YEMEN : The US military conducted strikes on a Houthi-controlled site in Yemen early on Saturday, which it deemed a threat to commercial vessels in the Red Sea, according
Shippers are counting the cost of war
OSLO : Verifiable costs for transiting the African Cape rather than the Suez Canal are around US$1,000 per box according to Xeneta Chief Analyst Mr. Peter Sand, who
GIFT City to host 10 lakh people, work on to attract ship, aircraft leasing businesses: Hasmukh Adhi
GANDHINAGAR : When complete, the Gujarat International Finance-Tec (GIFT) City will provide living and working spaces for around 10 lakh people, even as changes in the regulatory framework
Jaishankar to visit Iran on Monday as Red Sea Conflict escalates
NEW DELHI : External Affairs Minister Shri S Jaishankar is set to visit Iran on Monday amid growing concerns over escalation of tensions in West Asia. The visit follows the US-UK forces’ attack on Houthi military positions
US-UK launch massive airstrikes against Houthi rebels in Yemen after Red Sea shipping attacks
LONDON : The United States and the United Kingdom joined forces to launch a retaliatory attack against Iran-based rebel group Houthis in Yemen shortly after the group claimed
Maersk to use Rail to bypass Panama Canal Amid Drought
COPENHAGEN : AP Moller-Maersk will use rail transport to avoid the drought-hit Panama Canal, the Danish shipping giant said late on Wednesday, as low water levels have caused one of the world’s main maritime trade routes to