Tag: Suez Canal

The Atlantic Council has delved into the critical importance of the Suez Canal as a vital artery of global trade in order to point out the need for enhanced security measures to ensure the waterway's smooth operation. 

The SCA Chairman met with the CEO of MSC to discuss the impact of the developments in the Red Sea region and ways of joint cooperation.

Egypt's Prime Minister Mostafa Madbouly held a meeting to review a proposed green hydrogen and ammonia production project in the Gulf of Suez.

Egypt's Suez Canal Authority chairman, Osama Rabei, announced on Sunday that since the beginning of February, 47 ships have been rerouted from the Cape of Good Hope to the Suez Canal.

The head of the Suez Canal Authority, Osama Rabie, has projected that traffic through the waterway will gradually return to normal by late March 2025, with full recovery expected by mid-year, contingent on the stability of the Gaza ceasefire.

The Suez Canal witnessed the first transit of the oil tanker CHRYSALIS through it since it was attacked in the Red Sea region in July 2024.

A fire broke out on 30 January at a shipyard south of the Suez Canal in Egypt, destroying multiple fishing boats and other vessels.

The Suez Canal Chairman met with representatives of 23 shipping entities and discussed about the latest developments in the Red Sea area.

A new study reveals that Maersk Line lost nearly $89 million due to the 2021 Suez Canal blockage caused by the Ever Given, using a methodology that could also analyze the ongoing maritime crisis in the Red Sea.

Peter Sand, Chief Analyst, Xeneta, explains that the return of container ships to the Red Sea will bring chaos and collapsing freight rates.