IMF PortWatch: Suez Canal Trade Cut in Half
Supply chains worldwide have been disrupted as trade through the Suez and Panama Canals, two critical shipping routes, has seen substantial declines in recent
Supply chains worldwide have been disrupted as trade through the Suez and Panama Canals, two critical shipping routes, has seen substantial declines in recent
CAIRO, March 4 (Reuters) – Egypt is studying further expansions of the Suez Canal to extend and complete a second channel of the waterway, the
HAMBURG, Feb 9 (Reuters) – More ships carrying grain were diverted from the Suez Canal to sailings around the Cape of Good Hope this week as concern
The United Nations Conference on Trade and Development (UNCTAD) has sounded the alarm over rising disruptions in global trade due to escalating geopolitical
CAIRO, Jan 18 (Reuters) – A sharp downturn in revenue after sea attacks by Yemen’s Houthis diverted away shipping away from
By Brendan Murray (Bloomberg) — Commercial ship transits through the Suez Canal dropped to the lowest level since the Ever Given blocked the
By Joe Cash (Reuters) China has called for an end to attacks on civilian vessels in the Red Sea that have dramatically widened the Hamas-Israel conflict and
DUESSELDORF, Germany, Jan 14 (Reuters) – Germany is expected to participate in a European Union naval mission to protect shipping in the Red Sea that
By Lisa Baertlein LOS ANGELES, (Reuters) – Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is
By Alex Longley, Áine Quinn and Jack Wittels (Bloomberg) — The global shipping industry is bracing for the prospect of living without its most
by Yusri Mohamed, (Reuters) – Egypt’s Suez canal authority said on Sunday it was closely monitoring the impact
By Brendan Murray Dec 16, 2023(Bloomberg) –MSC Mediterranean Shipping Co. SA, the world’s largest container line, joined competitors in
Update: The ONE Orpheus is back underway after being refloated by tugs in the Suez Canal. AIS data shows she was aground for about 5 hours. CAIRO, Dec 6
By Anna Shiryaevskaya (Bloomberg) — Unprecedented congestion at the Panama Canal could ultimately result in delays at Egypt’s Suez Canal, potentially
By Anna Shiryaevskaya (Bloomberg) A liquefied natural gas vessel left an export terminal in Egypt either unloaded or only partially loaded, raising concerns
CAIRO, Aug 23 (Reuters) – Traffic through the Suez Canal has resumed normally, the canal authority said on Wednesday, hours after a collision
Update: The Suez Canal Authority is reporting that the incident has been resolved and Suez Canal operations have returned to normal. Earlier: An LNG carrier
CAIRO (Reuters) – A Suez Canal tugboat sank on Saturday and one of its crew was missing after it collided with a Hong Kong-flagged LPG tanker
CAIRO, June 4 (Reuters) – An oil tanker that suffered engine failure in Egypt’s Suez Canal, briefly disrupting traffic in the vital waterway,
(Bloomberg) — Mercuria Energy Group’s ship-fueling business Minerva Bunkering started deliveries in Egypt, becoming the first international service to
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