Egypt reports $6B drop in Suez Canal revenue amid regional tensions
Suez Canal is one of Egypt’s main sources of foreign currency
Egypt reports $6B drop in Suez Canal revenue amid regional tensions Read More »
Suez Canal
Egypt faces heavy losses from Red Sea escalation
Egypt’s foreign minister has condemned Israel’s attacks on Gaza and called for an immediate ceasefire to end the current crisis in the Red Sea.
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Egypt’s canal revenue drops 23.4% due to Red Sea attacks
The decline is a blow to Egypt’s economy as it faces a financial crisis.
Egypt’s canal revenue drops 23.4% due to Red Sea attacks Read More »
Suez traffic crawls; Cape of Good hope doubles
Total number of vessels passing through Suez Canal falls from 1,094 in November to 85 in March and 159 in April, data shows
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Shipping giant Maersk pauses Red Sea passage after missile strike
Red Sea passage remains closed until further notice, alternative routes explored.
Shipping giant Maersk pauses Red Sea passage after missile strike Read More »
Suez Canal authority of Egypt observing developments in Red Sea
The Houthi group, aligned with Iran, has targeted ships in the region in protest against Israel’s actions in Gaza
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Suez Canal makes $1 mln in revenues per hour first time in its history
For the first time in its history, the Suez Canal achieved revenues of one million dollars per hour
Suez Canal makes $1 mln in revenues per hour first time in its history Read More »
Suez Canal Authority dealing with tanker collision, traffic disrupted
Suez Canal Authority dealing with 2 malfunctioning tankers
Suez Canal Authority dealing with tanker collision, traffic disrupted Read More »
Remains discovered in submerged Suez Canal tugboat following collision
Body found in sunken Suez Canal tugboat after collision
Remains discovered in submerged Suez Canal tugboat following collision Read More »
Tugboat in Suez Canal sinks following collision with tanker
Suez Canal tugboat sinks after collision with tanker
Tugboat in Suez Canal sinks following collision with tanker Read More »