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42 percent drop in Suez traffic following Huthi attacks: UN
10 months, 4 weeks ago

42 percent drop in Suez traffic following Huthi attacks: UN

New Indian Express  

The volume of commercial traffic passing through the Suez Canal has fallen more than 40 percent in the last two months after attacks by Yemen's Huthi rebels, according to the United Nations, raising concerns for global trade. "We are very concerned that the attacks on Red Sea shipping are adding tensions to global trade, exacerbating trade disruptions due to geopolitics …

Trade Global Trade Unctad Hoffman Suez Canal Huthi
Indian exporters stare at freight cost hikes as ships avoid Suez Canal
1 year ago

Indian exporters stare at freight cost hikes as ships avoid Suez Canal

Live Mint  

Indian exporters are staring at a rise in shipping costs as freight lines are forced to avoid the Suez Canal and take a longer route around Africa to reach the West following tensions in the Red Sea. The alternative route around the Cape of Good Hope could increase shipping time between Mundra and Rotterdam by a third, experts said, adding …

India Indian Red Red Sea Suez Canal
Fears of Houthi attacks are rerouting commercial ships away from the Red Sea
1 year ago

Fears of Houthi attacks are rerouting commercial ships away from the Red Sea

The Hindu  

The attacks on commercial vessels in the Red Sea by Yemen's Houthi rebels have scared off some of the world's top shipping companies and oil giants, effectively rerouting global trade away from a crucial artery for consumer goods and energy supplies that is expected to trigger delays and rising prices. “The impact will be longer transit times, more fuel spent, …

Europe Oil Ships Red Israel Attacks Houthi
Beleaguered Syria suffers also due to Suez Canal closure
3 years, 8 months ago

Beleaguered Syria suffers also due to Suez Canal closure

Associated Press  

BEIRUT — Syria has begun rationing the distribution of fuel in the war-torn country amid concerns that shipments could be delayed because Egypt’s Suez Canal is being blocked by a giant cargo ship that has run aground, the Oil Ministry said Saturday. The container ship remained stuck sideways in the Suez Canal over the weekend, as authorities prepared to make …

Fuel Syrian Suez Canal Syria Suffers
Global shipping was a mess before Ever Given blocked the Suez Canal
3 years, 8 months ago

Global shipping was a mess before Ever Given blocked the Suez Canal

CNN  

One of the world’s most vital trade arteries was blocked by a quarter-mile-long container ship for nearly a week, creating a traffic jam that ensnared over 350 vessels and could take days to clear. But even before the Ever Given ran aground in the Suez Canal last week, global supply chains were being stretched to the limits, making it much …

Europe China Supply Costs Global Trade Prices Container
Suez Canal navigation temporarily suspended as efforts continue to refloat stuck container ship
3 years, 8 months ago

Suez Canal navigation temporarily suspended as efforts continue to refloat stuck container ship

India Today  

Egypt’s Suez Canal Authority on Thursday said that it is “temporarily suspending navigation” through one of the world’s busiest waterway until the grounded container vessel MV Ever Given is refloated. SEE | Satellite images show traffic jam at Suez Canal after ship turns sideways OVERWHELMING TASK Authorities are facing difficulties in refloating the ship due to its massive size. Earlier …

Ship Suez Canal Refloat Canal Navigation
Cargo ship stuck in Egypt’s Suez Canal affects shipping worldwide
3 years, 8 months ago

Cargo ship stuck in Egypt’s Suez Canal affects shipping worldwide

Al Jazeera  

Efforts to free the ship using dredgers have yet to push the container vessel free, affecting billions of dollars worth of cargo. The Panama-flagged Ever Given ran aground diagonally across the single-lane stretch of the southern canal on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority said in a …

Shipping Egypt Given Vessels Suez Suez Canal Cargo Ship
Egypt’s Suez Canal: A history of the key route
3 years, 9 months ago

Egypt’s Suez Canal: A history of the key route

Al Jazeera  

Here is a look back at stages in the enlargement of the key waterway for international maritime trade. Egypt’s Suez Canal, where frantic efforts were being made on Wednesday to free a giant container ship, opened 150 years ago. It could accommodate ships weighing up to 5,000 tonnes with a draft of up to 6.7 metres, which was the bulk …

Egypt Feet Canal Suez Suez Canal Metres Key Waterway