Around 15% of global trade passes through the Suez Canal, and the blockage was costing it up to $15 million a day. The ship has now been towed to a lake outside of the Suez for technical inspection.

The twin projects were first prompted by the blockage caused by the ultra-large Evergreen Ever Given container ship, which prevented ocean freight traffic from moving through the Suez Canal after ...

(JTA) — We know what you’re thinking. The Suez Canal has been blocked for days by a giant container ship, causing big problems for the global shipping industry and starting a torrent of social ...

SUEZ, Egypt--Experts on Tuesday boarded the massive container ship that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question ...

The Suez Canal Authority said in a statement that a ceremony would be held on Wednesday to mark the signing of an agreement with the owners and “the departure of the ship”.

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

When Egypt nationalized the Suez Canal Co. in 1956, Britain and France claimed their military response was justified because of the waterway’s strategic importance and the company’s foreign ...

About 15% of world shipping traffic transits the Suez Canal, which is an important source ... doubled after the ship became stranded, and the blockage has disrupted global supply chains ...

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