Suez Canal
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Cargo ship refloated after running aground in Suez Canal
Cairo: A cargo ship was refloated after being stranded in Egypt’s Suez Canal for two hours, the Suez Canal Authority (SCA) announced. Four SCA tugboats succeeded to refloat the MSC-ISTANBUL cargo vessel…
- India
Egypt considering allocating land to Indian industries in Suez Canal Economic Zone
New Delhi: India and Egypt have reaffirmed their commitment to the founding values of the Non-Aligned Movement (NAM), international law and respect for the sovereignty and territorial integrity of all states. It…
- Middle East
Suez Canal to raise transit fees
Cairo: The Suez Canal’s transit tolls will increase by 15 percent for all types of vessels and 10 percent for dry bulk and cruise ships starting next year, the Suez Canal Authority…
- Middle East
Arab countries, GCC condemn terrorist attack on Suez Canal
Several Arab countries, in the strongest terms, condemned the attack on a water lifting station, east of the Suez Canal in the Arab Republic of Egypt, which resulted in the death and injury…
- Middle East
Suez Canal revenues hit all-time record at USD 6.3 billion
Cairo: Egypt’s Suez Canal said Sunday its annual revenues reached USD 6.3 billion last year, the highest in the crucial waterway’s history. Admiral Ossama Rabei, head of the Suez Canal Authority, said…
- Middle East
Suez Canal revenue hits record high 6 bn USD in 2021
Cairo: The revenue of Egypt’s Suez Canal reached 6 billion US dollars in 2021, Chairman of the Suez Canal Authority (SCA) Osama Rabie said in a statement on Sunday. “Egypt’s Suez Canal…
- Middle East
Saudi Arabia launches OXAGON, largest floating industrial complex in the world
Riyadh: The Kingdom of Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday announced the launch of NEOM’s industrial city, known as OXAGON, which is set to be the largest floating industrial…
- World
Vessel runs aground, briefly blocking part of Suez Canal
Cairo: A bulk carrier vessel became wedged Thursday in Egypt’s Suez Canal, briefly blocking traffic in one lane of crucial global waterway, Egyptian authorities said. The Suez Canal Authority said in a…
- World
UK Carrier Strike Group on way for exercises with Indian Navy
New Delhi: The United Kingdom Carrier Strike Group (CSG) 2021, led by HMS Queen Elizabeth, has sailed into the Indian Ocean Region having recently transited the Suez Canal. Following a series of…
- World
Experts examine bottom of big ship that was stuck in Suez
Cairo: Divers inspected the underside of a colossal container ship that had blocked the Suez Canal, spotting some damage to the bow but not enough to take it out of service, officials said…
- World
Suez Canal reopens after stuck cargo ship is freed
Suez : Salvage teams on Monday finally freed the colossal container ship stuck for nearly a week in the Suez Canal, ending a crisis that had clogged one of the world’s most…
- World
Explained: Suez Canal blockade is costing world trade in billions every day
Cairo: The report that the massive container ship that blocked the stretch of the Suez Canal is finally re-floating in the right direction is a piece of good news for the global…
- Business
Suez Canal blockade to cause losses in billions of dollars for insurers
New Delhi: With a loss of $ 9 billion per day due to the Suez Canal being blocked by a container ship, global industry is awaiting the enormity of insurance claims.For India, pressure…
- World
Massive container ship that blocked Suez Canal re-floats after 5 days
Cairo: A massive container ship that had blocked the Suez Canal since March 23 has been freed and re-floated, maritime service provider Inchcape Shipping said on Monday. The Panama-flagged ship, Ever Given, had…
- World
India chalks out 4-point plan to deal with Suez Canal blockage
New Delhi: The Centre has chalked out a four-point plan to deal with the situation arising from the blockage of the Suez Canal including advising ships to re-route via Cape of Good…
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