Container shipping outlook 2024: Rising risk of delays, disruptions
NEW YORK : The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024. Two key container shipping “chokepoints” —
‘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 of its steering and collided with
ZIM vessels divert from Arabian regional waters
HAIFA : Israeli container vessels are avoiding the Red Sea region as the conflict in Gaza and the heightened regional tension have increased the risks for all ships transiting the Suez Canal. Even so,
More container ships could be held up if Red Sea tensions escalate
HONG KONG : Any intensification of ship attacks in the Red Sea could tie up 30% of the boxship fleet as more vessels will need to be rerouted, according to Linerlytica’s latest report on
A plan to join the Red Sea with Mediterranean — an alternative to the Suez Canal : Report
It has been speculated that one of the reasons behind Israel’s desire to eliminate Hamas from the Gaza Strip and completely control the Palestinian enclave is to give itself the chance to better explore a dramatic
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 vessels out of North European ports.
India-Middle East-Europe Economic Corridor not a threat to Suez Canal : DP World CEO
DUBAI : The development of the India-Middle East-Europe Economic Corridor (IMEC), unveiled at the G20 Summit two weeks ago, will not threaten established maritime routes like the Suez Canal, Sultan Ahmed Bin Sulayem, Group
Maersk files a lawsuit against Evergreen over Suez Canal grounding
COPENHAGEN : Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused