Get Instant Summarized Text (Gist) The 2021 Suez Canal blockage resulted in a $89 million loss for Maersk Line, primarily due to inventory holding costs. The incident highlighted vulnerabilities ...

Suez Canal Authority chairman Osama Rabie recently met with Maersk CEO Vincent Clerc, as the ocean carrier and others still ...

Ship traffic through the Suez Canal remains at depressed levels, despite a Houthi ceasefire last month that theoretically ...

Suez Canal blockage by the boxship Ever Given resulted in an $89 million loss for Maersk and an increase in CO2 emissions.

The Suez Canal Authority confirmed two ships had passed through the new section during a trial run without incident. Following the 2021 grounding of the container ship Ever Given that blocked the ...

The Suez Canal Authority's chairman, Osama Rabie, said on Monday that navigational maps for the planned 10km (6.2 mile) canal ...

An incredible new extension to the Suez Canal has passed its first test in a bid to turn around the Egyptian waterway's fortunes. Cairo announced it had succeeded in testing the 6.2 mile (10km ...

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to ...

In this installment of the Butterfly Effect, climate change is creating incredible economic opportunity in the Arctic, leading to saber rattling from Canada and Russia. Whichever region benefits ...

The Suez Canal Authority confirmed two ships had passed through the new section during a trial run without incident. Following the 2021 grounding of the container ship Ever Given that blocked the ...

CAIRO - The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie said on Tuesday.