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.

(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 ...

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 ...

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 ...

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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 ...

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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The massive container ship has been held in Egypt since it blocked the Suez Canal. The 224,000-ton Ever Given had been stuck at the canal for nearly a week, leaving nearly 370 vessels, and ...

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