Suez Canal revenue rises as Hormuz crisis reroutes ships
Canal income rose to $505 million in July, data from the state statistics agency showed, the highest monthly level since December 2023.
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Canal income rose to $505 million in July, data from the state statistics agency showed, the highest monthly level since December 2023.
Orient Overseas Container Line (OOCL) joined the growing number of container lines returning to the Suez Canal, sending its first ultra-large vessel t...
Dubbed the "Suez Canal on Rails", the line connects Red Sea ports directly to Mediterranean export terminals. Once fully operational, it is expected to carry up to 13 million tonne...
The Suez Canal is beginning to reclaim its position at the heart of global maritime trade, with rising vessel traffic and the return of major shipping services suggesting that th...
The Suez Canal Authority reports it hit a new milestone in rebuilding volumes following the disruptions due to Red Sea security concerns. Despite the...
[Radio Dalsan] CAIRO -- Egypt's Suez Canal Authority (SCA) has declared the waterway safe, with maritime traffic flowing normally as August revenue rose 56.7 percent year-on-year t...
[allAfrica] For centuries, Egypt's power has flowed from the Nile and its position between continents. In the twenty-first century, the question is whether geography can become ind...
The 17,200 TEU Bangkok Maersk has completed its first transit through the Suez Canal while sailing from Italy to Singapore. The container ship joined the canal’s northbound convoy,...
A key concern of hubs in the region is that as container services move to the shorter Suez route, they'll begin to overlap ships on services still sailing around southern Africa, c...
134-km Pinglu Canal cuts transport distance by over 560 km and is expected to reduce costs by up to 30%.
Two major liners are returning India-Savannah services to the Suez Canal, cutting transit times by up to 14 days. The post Suez return speeds up Savannah India service by 10-14 day...
Some 63% of the ocean capacity deployed between the Far East and Europe has returned to the Red Sea, following three years of detours, but some operators are hedging against renewe...
Egypt is developing a rail link between the Red Sea and the Mediterranean, which could provide a land-based alternative to [...]
The change from a routing around southern Africa is part of the ongoing gradual return of Far East services using the shorter Suez route.
Suez Canal transits rose 27% year over year in August as shipping lines selectively resumed Red Sea-Suez sailings. The post New data shows Suez route transits rose 27% in August ap...
Yang Ming and OOCL are considering further moves back to the Suez Canal, while COSCO plans additional transits as major container lines gradually increase their use of the waterway...
Aptly dubbed the Pinglu 001, the first command and management vessel for the Pinglu Canal was delivered on Monday and will soon enter service as China prepares to open the strategi...
By Hugo Federico Hernandez Varela The return of container services to the Suez Canal is becoming increasingly visible. What is less clear is when the underlying operation can gen.....
China opened a major canal on Wednesday that will provide landlocked areas with direct access to the sea, state media said, reducing transport times and costs as the country aims t...
October will see almost all global ocean carriers make a tentative return to Suez transits on Asia-Europe sailings, after revised pro forma shipping schedules show the Premier Alli...
Container ship traffic through the Suez Canal has reached its highest level since the Red Sea disruptions began, with weekly transiting capacity exceeding half of pre-crisis levels...
Despite the worsening conflict, analyst Linerlytica is expecting a full-scale return to the Red Sea route within the first quarter of 2027.
Egypt and the UAE Emirate of Fujairah are moving ahead with a joint oil-storage venture at El Hamra as Cairo expands capacity and seeks to b...
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