Tag: suez canal

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the canal authority's chairman Osama Rabie said on...

CAIRO: Egypt expects the Suez Canal's revenues to reach about $7 billion by the end of the current fiscal year, finance minister Mohamed Maait...

More than 400 ships were blocked from passing through the crucial shipping lane when the Ever Given ran aground on March 23.

Suez Canal Authority said that all 422 ships stranded by the grounding of the giant container ship Ever Given passed through the canal

A satellite photo by NASA shared on the social media gives people on the internet an idea about how big the congestion it was

Brent crude was down 15 cents, or 0.2%, at $64.83 a barrel by 0115 GMT, after gaining 0.6% on Monday. U.S. oil was down 1 cent at $61.55 a barrel, having fallen 1% in the previous session.

Suez Canal traffic resumes after stranded ship refloated

Suez Canal salvage teams were alternating between dredging and tugging on Sunday to dislodge a massive container ship blocking the busy waterway

With its global impact, the knock-on effects might result in jacked fuel prices while it's sent already rising container fares through the roof

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway

The Suez Canal Authority (SCA) said eight tugs were working to move the vessel, which got stuck diagonally across the single-lane southern stretch of the canal

PANAMA CITY: With its capacity boosted by nearly three times, Panama's enlarged canal -- set to be inaugurated on Sunday -- is expected to stimulate trade between the United States and Asia, and steal business from the rival Suez canal.