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The sharp decline in ship traffic caused by attacks from Yemen is putting significant strain on the public finances of the ...

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 key waterway's capacity.

A similar trend is observed in transit through the Suez Canal, which, per Clarksons, plunged about 45 percent for southbound ships between December 22 and December 26, Bloomberg adds. Read also ...

The Suez Canal Authority said two ships navigated through the new stretch ... after the container ship Ever Given ran aground in 2021, blocking the vital waterway for six days.

Get Instant Summarized Text (Gist) The 2021 Suez Canal blockage resulted in a $89 million loss for Maersk Line, primarily due to inventory holding costs. The incident highlighted vulnerabilities ...

The Canadian coast guard dislodged a cargo ship that was stuck sideways on the South Shore canal after it experienced a mechanical failure, Friday morning. The entire operation took about 20 ...

The Ever Given wasn’t the first ship to block the Suez Canal. A multi-ship pile-up in 2018 snarled maritime traffic there for two days. But the sheer size and bulk... As the events in the Suez ...

Lt. Gen. Ossama Rabei, head of the Suez Canal Authority, investigates the problem with the Ever Given, a ship that wedged across the canal in 2021. [AP photo] Egypt said on Saturday that it will ...

Nevertheless, along with recent attacks by Yemeni Houthi rebels, ships detained for straying into Iranian waters, tension in the South China Sea, accidents in the Suez Canal and blockades on grain ...

Egypt has decided to hike transit fees for ships using the Suez Canal by an average of 3 percent next year, chairman of the Canal Authority Ahmed Fadel has stated. The decision affects all ...