Revenues from Egypt’s Suez Canal are down 40% from the beginning of the year compared…
Tag: Suez Canal
Maersk reroutes Red Sea container ships back to Suez Canal
Denmark’s Maersk said on Thursday it has rerouted four out of five container vessels that…
Major shipping lines dump Suez Canal over Red Sea passage
Major ocean carriers have decided that their ships will not transit the Suez Canal due…
Maersk withdraws lawsuit over Suez Canal grounding
A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked…
Suez Canal tugboat sinks after collision with tanker
A Suez Canal tugboat sank on Saturday and one of its crew was missing after…
Suez Canal sees its highest daily crossing rate ever
The Suez Canal recorded the highest daily crossing rate in its history as 107 ships…
Suez Canal revenue hits record monthly high of $594m
Egypt’s Suez Canal revenue saw a record high of 18.2 billion Egyptian pounds ($594 million)…
Egypt generates $8bn from Suez Canal in 2022
Egypt earned nearly $8 billion from the Suez Canal in 2022, an increase of 25…
Suez Canal, MACN sign cooperation agreement
The Suez Canal Authority (SCA) signed a Memorandum of Understanding with the Maritime Anti-Corruption Network…
Suez Canal to hike transit tolls in 2023
Tolls for vessels using the Suez Canal are set to rise by 15% next year with…
Oil tanker blocked Suez Canal for more than five hours
The Suez Canal was blocked again for more than five hours as the oil tanker Affinity…
Maersk, Suez Canal sign $500m Port Said development deal
A.P. Moller – Maersk and the Suez Canal Authority (SCA) have signed a $500 million deal…