Ship traffic through the Suez Canal remains at depressed levels, despite a Houthi ceasefire last month that theoretically ...

ISMAILIA, Egypt--The Japanese owner of a skyscraper-sized cargo ship wedged across Egypt’s Suez Canal has apologized for the incident that’s imperiling global shipping. Shoei Kisen apologized ...

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 ...

Suez Canal Authority chairman Osama Rabie recently met with Maersk CEO Vincent Clerc, as the ocean carrier and others still ...

The ceasefire is still fragile So why do the box carriers still shy away from using the Suez Canal despite the fact that the Houthi regime has stopped its shelling of merchant vessels registered in ...

February 3, 2025: In Yemen, Iran-backed Houthi militia has spent the last sixteen months trying to block non-Chinese commercial ships from reaching the Suez Canal. Sometimes they get confused and ...

The Suez Canal Authority confirmed two ships had passed through the new section during a trial run without incident. Following the 2021 grounding of the container ship Ever Given that blocked the ...

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to ...

In 2024, Egypt's Suez Canal revenues plummeted to $4 billion, a 60.7 percent decrease from $10.2 billion in 2023. The number of ships transiting the canal annually dropped by around 50 percent ...

CAIRO - The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie said on Tuesday.