The 2021 Suez Canal blockage resulted in a $89 million loss for Maersk Line, primarily due to inventory holding costs. The incident highlighted vulnerabilities in global supply chains and ...

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

(JTA) — We know what you’re thinking. The Suez Canal has been blocked for days by a giant container ship, causing big problems for the global shipping industry and starting a torrent of social ...

At least 20 ships carrying hundreds of thousands of animals were stalled in and around the Suez Canal for several days this March when ... 16 with a scheduled arrival in Jordan on March 23. The ...

Around 15% of global trade passes through the Suez Canal, and the blockage was costing it up to $15 million a day. The ship has now been towed to a lake outside of the Suez for technical inspection.

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 ...

The MV Ever Given vessel was retained by Egypt since it blocked the Suez Canal in March and according to the deal should be released on Wednesday, July 7 Egyptian authorities and Japan's Shoei ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Our customers are worried about the Suez blockage' Extra tugs join effort to dislodge Suez Canal ship How do you refloat a giant cargo ship? The wind speed at the time was recorded at 40 knots ...

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