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SUEZ MAY 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...
- Houthi attacks turn back the clock for shipping as costs pile upTo get from Asia to Europe and back, global shipping companies have for decades sailed through the Red Sea and the Suez Canal. But a year a...
- Maersk sees global trade disruptions lasting throughout 2024Global transport disruptions from the Red Sea conflict are expected to persist, according to A.P. Moller-Maersk. The shipping company has r...
- Why the Panama Canal didn't lose money when ship crossings fellIn the 12 months through September, the canal's revenue rose 15%, to nearly $5 billion, even though the tonnage shipped through the canal f...
- 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...
- 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.
- 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...
- 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...
- Maersk raises guidance citing exceptionally strong demandThe company, which transports almost a fifth of the world’s containers, said it now sees global market demand growing 5-7% this year, compa...
- Tugs, dredgers still struggle to free ship blocking Suez CanalDredgers working to dislodge the stranded vessel have so far shifted 27,000 cubic metres of sand, to a depth of 18 metres (19.7 yards), and...
- Shock-weary global economy girds for supply jolt from Suez messIt’s not too soon for companies to be making other plans. A few container ships and oil tankers are already avoiding the clogged shortcut b...
- Suez Canal chief cites possible 'human error' in ship groundingThe crisis has crippled global supply chains, forcing cargo firms to choose between waiting or the expensive option of rerouting vessels ar...
- Insurers may be on hook for millions tied to Suez Canal crisisThe task of pinning the blame hasn’t been made any easier by the Suez Canal Authority’s rules of navigation. They state that the master of ...
- Ever Given, the ship blocking the Suez Canal, is costing billions of dollars for people around the world
- A traffic jam in the Suez Canal may delay Indian exports by 4-5 daysA huge container ship is stuck on the Suez Canal and it could not have come at a worse time for Indian exporters.
- 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.
- FACT eyes Egypt ammonia-urea JVFACT is actively pursuing the proposed Rs 2250 crore joint venture ammonia-urea complex in Egypt with Adi Group of Syria.
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