Houthi attacks force US ships to detour around Africa, costing millions
The Houthis say they have targeted ships in the Red Sea in solidarity with Palestinians since the start of Israel’s Gaza war.
Egypt Suez Canal monthly revenue losses at around $800 million, Sisi says
Sisi said on Monday that the monthly losses of the Suez Canal revenues reached around $800 million due to the regional ...
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Suez Canal Losses Surge Amid Red Sea Tensions
Egypt's President Abdel Fattah al-Sisi revealed that the Suez Canal faces monthly losses of $800 million due to regional ...
Hapag-Lloyd Sees Earnings Falling Further This Year as US Tariffs, Suez Weigh
FRANKFURT (Reuters) - Container shipping firm Hapag-Lloyd said on Thursday net profit fell nearly 19% in 2024 and is expected ...
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Suez Canal Authority, MSC discuss Red Sea stability, return to normal transit
The Suez Canal is continuing its strategy to develop the waterway, pointing to the completion and operation of the southern ...
Big moves in the Middle East: AI-powered government, a mining boom, and the Suez Canal’s struggles
This week has seen a deal to launch Abu Dhabi’s first sovereign cloud system, setting the stage for fully AI-powered ...
Greek Reporter9d
How Greek Shipping Magnate Aristotle Onassis Became the Richest Man in the World
Aristotle Onassis wealth was acquired in a variety of ways but it was the Suez Canal deal that made him the richest man in ...
A Giant Container Ship Got Stuck in the Suez Canal
As efforts failed to dislodge it, the Ever Given became a symbol of Covid-era anxiety as the pandemic entered its second year ...
Houthi attacks force ships to make costly detour around Africa: US
WASHINGTON - Attacks by Houthi rebels in Yemen have forced three-fourths of US-flagged ships to avoid the Red Sea and instead ...
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Egypt Suez Canal monthly revenue losses at around $800m, Sisi says
Sisi said earlier this week that the monthly losses of the Suez Canal revenues reached around $800m due to the regional ...
Reuters7d
Egypt Suez Canal monthly revenue losses at around $800 million, Sisi says
disrupting global shipping by forcing vessels to avoid the nearby Suez Canal and reroute trade around Africa, raising shipping costs. Sign up here. The Egyptian presidency statement did not ...