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

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

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 ...

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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 ...

The incident has been likened to the blockage of the Suez Canal in 2021, when the gigantic Ever Given container ship held up ...

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 ...

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.

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 ...