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SUEZ CANAL REVENUE
Charting the Global Economy: War pushes up prices, dents growthThe Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly t...- Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of ...
- Shipsy pushes AI-driven logistics software as enterprises move beyond legacy systemsLogistics firms are adopting AI-first platforms to make active decisions, moving beyond old systems. Companies like Shipsy are seeing growt...
- Egypt tests new extension of the Suez CanalEgypt has tested a new 10-kilometre extension to the Suez Canal. This aims to minimize the impact of currents on shipping and increase capa...
- Egypt’s Canal receipts fall by almost half after Red Sea attacksThe drop is the latest headache for the North African nation that was already wrestling with its worst economic crisis in decades before th...
- Oil tanker breaks down in Egypt's Suez Canal, disrupting traffic in the global waterwayA tanker transporting curd oil broke down in the Suez Canal, disrupting traffic in the global waterway, which provides a crucial link for o...
- Suez Canal traffic 'normal' after stuck vessel refloatedTugboats "have begun towing the ship" which had suffered "a sudden technical failure" and was now being safely towed away for repairs, said...
- Egypt to raise Suez Canal transit fees for ships in 2023The Suez Canal Authority said that it will add 15% to the fees for tankers carrying oil and petroleum products, and 10% for dry bulk carrie...
- Another tanker briefly blocks Egypt's Suez canalLast year, super tanker Ever Given became wedged diagonally across the canal during a sandstorm, disrupting world trade for nearly a week.
- Egypt's Suez Canal revenue hits $7 bln record peakThe canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.
- Megaship that blocked Suez heads back to AsiaThe MV Ever Given had "successfully crossed" the canal after unloading its cargo in Britain and was now on its way to China, Suez Canal Aut...
- Panama Canal transits rise as world trade recovers from pandemicThe canal expects to receive 429 million tons of cargo and collect $3.3 billion in revenue for fiscal year 2021, which ends on September 30...
- Record revenues flow from Suez despite megaship blockageThe nearly 200,000-tonne vessel had run aground and become wedged across the canal during a sandstorm on March 23, blocking a vital artery ...
- Ever Given operator says more time needed for ship releaseSCA agreed to settle with the owners of the Ever Given, having initially demanding $916 million in compensation to cover salvage efforts, r...
- Suez Canal head says considering discounts for ships affected by blockageThe Suez Canal Authority is considering discounts for vessels affected by the blockage caused by a stranded container ship, its chairman sa...
- Lavish celebrations as Egypt's Abdel Fattah el-Sisi opens new Suez CanalEl-Sisi with at least 90 official delegations, including India's led by Road Transport and Highways Minister Nitin Gadkari.
- Nitin Gadkari invites Egyptian President Abdel Fattah Al-Sisi for India-Africa SummitGadkari met Egyptian President Abdel Fattah Al-Sisi in Cairo and invited him to visit India for the third India-Africa Forum Summit in Octo...
- Nitin Gadkari to represent India at new Suez Canal inaugurationRoad Transport Highways and Shipping Minister Nitin Gadkari will represent India at the inaugural ceremony of new Suez Canal in Egypt on Au...
- Egypt Suez Canal May revenue risesRevenue from Egypt's Suez Canal rose to $395 million in May, up from $342.4 million a year earlier.
- Cargo ship blocks Suez canalThe Suez Canal was blocked for three hours Saturday by a cargo ship which broke down in Egypt's economically vital waterway, an official of...
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