Tag: Suez Canal

Suez Canal revenues have experienced a significant decline this year, with May 2024 recording about $337.8 million, a steep drop from $648 million in May 2023, marking a 64.3% decrease, according to Al-Mal news.

Hapag-Lloyd does not expect the shipping industry to resume using the Suez Canal anytime soon, even if a ceasefire between Hamas and Israel is reached.

AD Ports Group, Transmar, and Orascom Construction have signed a Memorandum of Understanding (MoU) for the development of a green methanol storage and export facility in Suez Canal Area. 

The U.S. military has refuted claims by the Yemeni Houthi movement that it successfully attacked the American cargo ship "Ocean Jazz" in the Gulf of Aden.

The global shipping industry is currently facing a significant challenge as tensions escalate in the Red Sea region, forcing companies and organisations to take action. 

The Suez Canal Authority (SCA) said that, on 6th December, a container ship and a floating bridge collided in the Suez Canal's eastern lane, although the flow of ships through the canal remained unaffected, Reuters highlights.

Egypt’s Suez Canal Authority (SCA), has issued a circular, in which informs that it will raise transit fees by almost 15% for most vessel types with some relaxations for container vessels out of ports of North Europe.

Shipping traffic was flowing normally on Egypt's Suez Canal on Wednesday, until two tankers,  briefly collided in the canal.

The Suez Canal Authority (SCA), in an effort to enhance its competitive advantage, is offering discounts for LNG carriers crossing the canal. 

The Suez Canal Authority (SCA), in an effort to enhance its competitive advantage, is offering discounts for product tankers crossing the canal between US Gulf and Caribbean Ports and Asia.