Suez Canal blockage by the boxship Ever Given resulted in an $89 million loss for Maersk and an increase in CO2 emissions.

Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maersk Line. This is revealed in a new ...

The diplomatic effort comes as Egypt grapples with a 60 per cent drop in Suez canal revenue over the past 11 months -- a ...

A return to normality for the Suez Canal would be welcome news for Egypt as it looks to emerge from its worst economic crisis in decades.

The Suez Canal, which connects the Red Sea to the Mediterranean, has historically been a vital source of foreign currency for Egypt's struggling economy. During Saturday's phone call, Abdelatty ...

Despite the Houthis' promise of safe passage, Chinese vessels remain at risk of being wrongly targeted The crisis presents an opportunity for China to take more decisive action, including jointly with ...

The yearlong attacks on commercial ships in the Red Sea are continuing to take their financial toll on the Suez Canal and the Egyptian economy. According to a statement from Egypt’s presidential ...

The canal itself took a monumental financial ... senior director of global air freight for Flexport, said the Red Sea crisis has essentially been “baked into” the current impacts on the ...

The Greek-flagged, Sounion was first attacked on Aug. 21 with small arms, projectiles, and a drone boat by the Iran-backed ...