Egypt tests new extension of the Suez Canal
CAIRO : Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact of currents on shipping and increase the
Maersk sees no Suez Canal return until ‘well into 2025’ due to Red Sea threat
COPENHAGEN : A.P. Moller-Maersk, opens new tab expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through
Suez Canal revenue drops as some shippers shun Red Sea
EGYPT : The Suez Canal‘s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by
SCA announces new Suez Canal mooring regulations and costs
CAIRO : The Suez Canal Authority (SCA) has announced new Circular No. 1-2024 about regulations and costs of mooring boats, mooring services, and lights during vessels’ transit through
Red Sea : Houthi attacks put pressure on Cairo
YEMEN : Houthi attacks on international ships in the Red Sea have hit Egypt especially hard. As vessels have begun to avoid the strait between the Arabian Peninsula and northeastern Africa, and
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,
Panama Canal drought could boost New Year rates
PANAMA : Drought in Panama and war around the Red Sea and Suez is a slow-burning but developing crisis for the container shipping industry as both canals become choke points
‘One Orpheus’, a container ship crashes in Suez Canal
EGYPT : A container ship has crashed into a bridge in the Suez Canal, the vital trade route between Asia and Europe.The container ship One Orpheus lost control
Maersk reaches settlement over ship that blocked the Suez Canal
COPENHAGEN : A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez Canal in 2021, forcing shipping lines to delay or
Egypt’s Suez Canal fees set to rise
CAIRO : Fees for transiting the Suez Canal are set to rise by 15% for most vessel types from the 15 January 2024 with some exemptions for container
