Tag: Suez Canal

• Monday, April 8th 2024 - 19:24 UTC

  Panama Canal chokepoint approaching an end as the rainy season begins in May

  

  The chokepoint at the Panama Canal could be approaching an end as weather forecasts indicate ample rain fall is heading for Panama, which if correct means many international shipping believe a return to normal crossing s possible in the near future.

• Tuesday, February 20th 2024 - 07:29 UTC

  EU sending naval mission to protect international shipping in the Red Sea

  

  The European Union will be sending three European warships and airborne early warning systems to the Red Sea and the Gulf of Aden, to protect international shipping, following a meeting of EU foreign ministers

• Thursday, December 7th 2023 - 07:08 UTC

  Navigation cleared through Suez Canal after freighter collides with bridge

  

  Navigation through was not affected after the One Orpheus container ship lost control Wednesday and crashed into the El-Mansy floating bridge, the Suez Canal Authority (SCA) said early Thursday in Cairo. About 10% of the world's commerce passes through the Suez Canal, earning Egypt about US$ 8 billion a year.

• Saturday, May 21st 2022 - 07:45 UTC

  Queues of vessels waiting to cross the Panama Canal as post pandemic global trade picks up

  

  Global transportation bottlenecks that have surged since the pandemic have shaken industries, consumers, deliveries, and prices. Clear evidence of this can be seen in the current Panama Canal queues of vessels.

• Monday, July 5th 2021 - 07:09 UTC

  Suez Canal blockage: Egypt and Japanese company reach a deal to release vessel

  

  Egyptian authorities and Japan's Shoei Kisen Kaisha finally reached an agreement on compensations for Suez canal lost revenues and the cost of salvaging a huge vessel that blocked the crucial waterway linking Asia with Europe.

• Saturday, April 3rd 2021 - 08:40 UTC

  Suez Canal Authority will seek over US$ 1bn in compensation for Ever Given crisis

  

  Egypt's Suez Canal Authority (SCA) will seek over ask for more than 1 billion dollars in compensation for the losses caused by mega-ship Ever Given blocking traffic in either direction after running aground sideways.

• Monday, March 29th 2021 - 09:24 UTC

  Ever Given released from Suez Canal but too early to speak of traffic resumption

  

  Rescue efforts to unlock the Panama-flagged mega-ship Ever Given from the Suez Canal finally proved successful early Monday, Egyptian authorities confirmed. But it was too soon to know when traffic through the vital waterway might resume.

• Thursday, March 25th 2021 - 08:00 UTC

  Severe impact on world commerce: traffic at Suez Canal blocked as megaship runs aground

  

  A Panama-flagged cargo ship which ranks among the largest ever built, ran aground sideways late Tuesday in the Suez Canal, hindering all traffic in either direction.

• Thursday, August 23rd 2018 - 08:33 UTC

  First container vessel attempting the melting Arctic sea route north of Russia

  

  Danish vessel setting sail from Vladivostok this week is set to become the first container ship to tackle the Arctic sea route north of Russia. The Venta Maersk, owned by Maersk Line, and carrying 3,600 containers, hopes to reach St Petersburg by late September. That could be up to 14 days faster than the southern route via the Suez Canal.

• Thursday, July 30th 2015 - 08:07 UTC

  First cargo ships sail along Egypt's new expanded Suez Canal; official opening in August

  

  The first cargo ships passed through Egypt's New Suez Canal last weekend in a test-run before it opens next month, state media reported, eleven months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez Canal.