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Articles for Suez, search results for oil

Fatal Houthi rebel attack may be a ‘red line’ in Red Sea shipping crisis
9 months, 2 weeks ago

Fatal Houthi rebel attack may be a ‘red line’ in Red Sea shipping crisis

CNN  

London CNN — The first fatal attack on a commercial vessel in the Red Sea since Iran-backed Houthi rebels began targeting ships late last year has laid bare the enormous challenge of restoring safe passage along one of the world’s most important trade routes. Fewer ships appear to be transiting through the Red Sea and adjoining Suez Canal after the …

Trade Shipping Attack Ships Red Cnn Houthi
How the Red Sea crisis could clobber the global economy
11 months, 2 weeks ago

How the Red Sea crisis could clobber the global economy

CNN  

London CNN — Attacks by Iran-backed militants in the Red Sea have effectively closed one of the world’s main trade routes to most container ships — vessels that carry everything from car parts to Crocs from one corner of the globe to another. In a report released Tuesday, the World Bank warned that the disruption to key shipping routes was …

Global Europe World Shipping Prices Red Los Angeles
How Red Sea attacks could affect the seaborne transport of oil, gas cargoes
1 year ago

How Red Sea attacks could affect the seaborne transport of oil, gas cargoes

The Hindu  

Several shipping companies and a few liquefied natural gas tankers have decided to avoid the world’s main East-West trade route, following attacks launched by Yemen’s Houthi group on commercial ships at the southern end of the Red Sea. As much as 8.2 million barrels per day of crude oil and oil products traversed the Red Sea over January-November, as per …

Europe Oil Prices East Lng Attacks Crude
Gaza Conflict: Red Sea attacks by Houthis disrupting global routes, supply chains
1 year ago

Gaza Conflict: Red Sea attacks by Houthis disrupting global routes, supply chains

Firstpost  

The Houthi onslaught on shipping lanes, which started last month, is a “extremely serious threat to international trade,” according to the International Chamber of Shipping association, which also encouraged naval troops in the area to take all necessary precautions to repel the attacks Growing attacks on ships in the Red Sea by the Iran-aligned Yemeni Houthi rebel organisation are causing …

Red Israel Houthi Red Sea Sea
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
Houthi attacks on commercial ships have upended global trade in vital Red Sea corridor
1 year ago

Houthi attacks on commercial ships have upended global trade in vital Red Sea corridor

Associated Press  

LONDON — 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. He noted that 40% of Asia-Europe trade normally …

Europe Trade Oil Shipping Global Trade Ships Red
New warning for UK Christmas shoppers as Danish shipping giant orders vessels to avoid the Red Sea - and Suez Canal - in wake of missile attacks, prompting fears of meat and nut shortages
1 year ago

New warning for UK Christmas shoppers as Danish shipping giant orders vessels to avoid the Red Sea - and Suez Canal - in wake of missile attacks, prompting fears of meat and nut shortages

Daily Mail  

A Danish shipping giant has ordered its vessels to avoid passing through the Red Sea entirely following recent missile attacks on ships launched from Yemen, prompting warnings of 'substantial' supply chain disruption in the lead up to Christmas. File image shows a Maersk container ship at anchor in harbour in Copehagen, Denmark on September 14, 2023 A Houthi soldier walks …

Yemen Red Today Attacks Houthis Houthi Sea
A tanker believed to hold sanctioned Iran oil starts offloading near Texas despite Tehran’s threats
1 year, 4 months ago

A tanker believed to hold sanctioned Iran oil starts offloading near Texas despite Tehran’s threats

Associated Press  

DUBAI, United Arab Emirates — An oil tanker long suspected of carrying sanctioned Iranian crude oil offloaded its cargo near Texas on Sunday, tracking data showed, even as Tehran has threatened to target shipping in the Persian Gulf over it. Iran has been trying to evade sanctions and continue selling its oil abroad, while the U.S. and its allies have …

Oil Cargo Iran Tehran Iranian Gulf Recent Days
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
1 year, 6 months ago

Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway

The Independent  

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Egypt Suez Canal Global Waterway
In India’s Multi-Alignment Push, Egypt is a Partner of Great Value - News18
1 year, 10 months ago

In India’s Multi-Alignment Push, Egypt is a Partner of Great Value - News18

News 18  

Of late, India’s choice of the guest at the Republic Day function has also become a significant reflection of its foreign policy priorities. This time after a gap of two years due to the Covid-19 pandemic, India is all set to host the President of Egypt, Abdel Fattah el-Sisi, for its annual Republic Day parade. Egypt has revived its Suez …

Africa Indian Egypt West Asia Canal Suez Suez Canal
Firm says cargo vessel ran aground in Egypt’s Suez Canal
1 year, 11 months ago

Firm says cargo vessel ran aground in Egypt’s Suez Canal

Firstpost  

Officials had no details on what caused the vessel to run aground. Parts of Egypt, including its northern provinces, experienced a wave of bad weather Sunday Cairo: A cargo vessel ran aground in Egypt’s Suez Canal on Monday, a canal services firm said. Leth Agencies said the vessel, MV Glory, ran aground near the city of Qantara, in the Suez …

Egypt Vessel Canal Suez Glory Suez Canal Aground
Cargo vessel refloated after running aground in Suez Canal
1 year, 11 months ago

Cargo vessel refloated after running aground in Suez Canal

Al Jazeera  

Suez Canal Authority head says traffic was unaffected by the grounding of the MV Glory vessel. A cargo vessel that ran aground in Egypt’s Suez Canal has been refloated, the Suez Canal Authority and a canal services firm said. Leth Agencies said the MV Glory ran aground on Monday near the city of Qantara, in the Suez Canal governorate of …

Egypt Ship Suez Canal Aground Suez Canal Authority Canal Suez Leth Agencies
Oil Tanker Runs Aground, Briefly Blocking Suez Canal
2 years, 3 months ago

Oil Tanker Runs Aground, Briefly Blocking Suez Canal

News 18  

An oil tanker ran aground Wednesday in Egypt’s Suez Canal, briefly blocking traffic in the global waterway before it was freed, the canal’s authority said. The Singaporean-flagged Affinity V vessel had become wedged in a single-lane stretch of the canal, the Suez Canal Authority’s head Osama Rabie said in a statement issued by the body. A spokesman for Suez Canal …

Vessel Canal Suez Canal
Vessel runs aground, briefly blocking Suez Canal
2 years, 3 months ago

Vessel runs aground, briefly blocking Suez Canal

Associated Press  

CAIRO — An oil tanker ran aground Wednesday in Egypt’s Suez Canal, briefly blocking traffic in the global waterway before it was freed, the canal’s authority said. The Singaporean-flagged Affinity V vessel had become wedged in a single-lane stretch of the canal, the Suez Canal Authority’s head Osama Rabie said in a statement issued by the body. A spokesman for …

Vessel Ran Canal Suez Canal
Court filing seeks to seize Iran oil on US-owned tanker
2 years, 9 months ago

Court filing seeks to seize Iran oil on US-owned tanker

The Independent  

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Oil Cia Crude Suez Rajan Tanker Iranian Crude Oil
Cash-strapped Egypt hikes Suez Canal transit fees for ships
2 years, 9 months ago

Cash-strapped Egypt hikes Suez Canal transit fees for ships

The Hindu  

Cash-strapped Egypt increased transit fees Tuesday for ships passing through the Suez Canal, one of the world’s most crucial waterways, with hikes of up to 10%, officials said. The Suez Canal Authority said on its website the increases were “in line with the significant growth in global trade" and cited the canal’s “development and enhancement of the transit service.” According …

Egypt Increase Vessels Canal Suez Canal Transit Fees
Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts
3 years, 8 months ago

Oil prices slip as Suez Canal opens, focus turns to OPEC+ output cuts

Business Standard  

The logo of the Organization of the Petroleoum Exporting Countries is seen at OPEC's headquarters in Vienna, Austria | Photo: Reuters By Ahmad Ghaddar LONDON - Oil prices fell on Tuesday as the Suez Canal reopened to traffic, while focus turned to an OPEC+ meeting this week that is likely to agree an extension to supply curbs amid disappointing demand …

Iran Oil Prices Opec Ing Suez Canal
Probe underway, day after cargo ship 'Ever Given' freed in Suez Canal
3 years, 8 months ago

Probe underway, day after cargo ship 'Ever Given' freed in Suez Canal

The Hindu  

Experts on Tuesday boarded a colossal container ship that had been stuck sideways for nearly a week in the Suez Canal before it was dislodged as questions swirled about the grounding that had shaken the global shipping industry and clogged one of the world's most vital waterways. The Ever Given was safely anchored Tuesday in the Great Bitter Lake, a …

Egypt Ship Given Canal Suez Suez Canal
Probe underway, day after cargo ship freed in Suez Canal
3 years, 8 months ago

Probe underway, day after cargo ship freed in Suez Canal

Hindustan Times  

Experts on Tuesday boarded a colossal container ship that had been stuck for nearly a week in the Suez Canal before it was freed as questions swirled about the grounding that had shaken the global shipping industry and clogged one of the world's most vital waterways. The crisis over the Ever Given had cast a spotlight on the vital trade …

Global Trade Egypt Given Canal Suez Suez Canal Probe Underway
Suez Canal blockage cleared as cargo ship Ever Given fully floated, but traffic jam will take days to clear
3 years, 8 months ago

Suez Canal blockage cleared as cargo ship Ever Given fully floated, but traffic jam will take days to clear

ABC  

The giant container ship that blocked Egypt's Suez Canal for almost a week has been fully floated and traffic in the waterway has resumed, the canal authority said in a statement. Key points: A flotilla of tugboats helped free Ever Given from the canal's sandy bank The cargo ship has been blocking the busy trade route since last Tuesday It …

Traffic Egypt Ship Vessel Given Suez Suez Canal
Investigation under way into Suez Canal blockage
3 years, 8 months ago

Investigation under way into Suez Canal blockage

Al Jazeera  

Experts have boarded the container ship Ever Given, which was dislodged on Monday six days after it got stuck in the Suez Canal, seeking to investigate what caused the grounding that shook the global shipping industry. Suez Canal service provider Leth Agencies said that more than three dozen vessels that waited for the Ever Given to be freed had already …

Ship Given Canal Suez Suez Canal
Asian shares head higher, oil falls as Suez Canal ship re-floated
3 years, 8 months ago

Asian shares head higher, oil falls as Suez Canal ship re-floated

Al Jazeera  

Salvage teams have freed a container ship stuck in the crucial waterway since last week, blocking hundreds of vessels. Asian share markets have edged higher while oil prices slipped as a giant ship blocking the Suez Canal was refloated, raising hopes the vital waterway could reopen and ease global shipping backlogs. Salvage teams freed the Ever Given in the Suez …

Ship Suez Suez Canal
What does Suez Canal blockage mean for oil prices?
3 years, 8 months ago

What does Suez Canal blockage mean for oil prices?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Oil prices tumbled on Thursday …

Europe Oil Oil Prices Canal Suez
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