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The Latest Breaking News from Suez Canal

Ship runs aground in Suez Canal as tugboats race to clear busy shipping lane

Around 30% of the world's shipping container volume passes through the canal and with it 12% of total global trade

Daily Mirror

Suez traffic returns to normal after ship briefly stranded

Tugboats managed to move a large ship that had been stranded for several hours in the Suez Canal on Thursday, and sources said shipping traffic through one of the world's busiest waterways had returned to normal.

Reuters

Egypt Lowers Its Economic Growth Forecast to 4.2% In 2022/23

Egypt’s economy is expected to grow 4.2 percent in the current fiscal year ending in June, the cabinet said on Tuesday, much less than previously forecast. Gross domestic product grew by 3.9 percent in October-December, the second quarter of the fiscal year, while the unemployment rate fell to 7.2 percent,…

Asharq Al-Awsat

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Cargo Ship Runs Aground in Suez Canal, Traffic Not Impacted

A cargo vessel ran aground in the Suez Canal on Sunday, but traffic through the global waterway was not impacted, Egyptian authorities said. The Liberia-flagged MSC Istanbul, heading to Portugal from Malaysia, got stuck in a two-lane part of the Suez Canal, said Adm. Ossama Rabei, head of the Suez…

Asharq Al-Awsat

Container ship refloated in Egypt's Suez Canal after breakdown- Canal Authority

A container ship that broke down in Egypt's Suez Canal on Sunday causing some traffic to be diverted has resumed its journey, the Canal Authority said.

Reuters

Brand new Edinburgh canal boat gets wedged under bridge on first ever journey

The infamous Ever Given and Suez Canal debacle is a distant memory from lockdown but Edinburgh locals spotted a boat jammed in the city's own canal near Kingsknowe.

Edinburgh Live

Suez Canal Amends Tolls for Oil Tankers

Egypt’s Suez Canal Authority said it will amend a surcharge on loaded crude oil tankers to 25% of normal transit dues and on empty crude oil tankers to 15% of the dues, effective April 1, according to a circular issued on Tuesday. It added that the additional fees were temporary…

Asharq Al-Awsat

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Maersk sues Evergreen over 2021 blocking of Suez Canal

The world’s biggest shipping company has sued a rival shipping line in a Danish court, seeking compensation for ship delays that resulted from the blocking of the Suez Canal by a hulking vessel two years ago

The Independent UK

Maersk Sues Evergreen over Suez Canal Blockage in Danish Court

Shipping group Maersk said on Monday it had filed a lawsuit against the owner and operator of container ship Ever Given, which blocked the Suez Canal for six days in 2021, claiming compensation for delays caused by the incident. The Danish company did not disclose the size of the claim…

Asharq Al-Awsat

Egypt Announces 47% Increase in Suez Canal Revenues

The Egyptian government on Friday denied that the Suez Canal Authority (SCA) had reached an agreement with a foreign company to manage the canal’s services. In spite of the denial, the hashtag “Suez Canal” remained the top trending topic in the country over the past two days, prompting SCA chairman,…

Asharq Al-Awsat

Tanker Breaks Down in Suez Canal, but Traffic Not Disrupted

A tanker transporting liquefied natural gas broke down in the Suez Canal on Wednesday but traffic in the global waterway was unaffected, a canal spokesperson said. The Bahamas-flagged Grace Emilia suffered a malfunction of its rudder and tugboats pulled it to the side of the canal to allow other vessels…

Asharq Al-Awsat

Cargo ship goes aground, is refloated in Egypt's Suez Canal

The Suez Canal Authority says a cargo ship that went aground in the Egyptian waterway has been refloated

The Independent UK

Shipping firm that blocked the Suez Canal hands out bonuses worth more than 4 years’ salary to employees

The company’s revenues have soared in recent years.

Fortune

MV Glory vessel refloated in Suez Canal after running aground

Three tugboats were used to refloat the ship, avoiding a repeat of 2021’s Ever Given blockage

Evening Standard

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WEKU

Officials say a grounded ship has been refloated in Egypt's Suez Canal

Officials said a cargo ship carrying corn that went aground early Monday in the Suez Canal was refloated and traffic was restored, avoiding a scene from 2021 that blocked traffic for six days.

The Independent UK

Cargo ship runs aground in single-lane stretch of Suez Canal

Bulk shipping vessel MV Glory carrying tonnes of grains from Ukraine to China has since been refloated, though knock-on effects to traffic are expected

Wales Online

Ship filled with grain has run aground in the Suez Canal

The canal was blocked for almost a week last year when a ship ran aground in Egypt, disrupting supplies to UK retailers

Asharq Al-Awsat

Ship that Went aground in Suez Canal Refloated

The Suez Canal Authority said Monday that a cargo ship carrying corn that went aground in the Egyptian waterway was refloated and canal traffic was restored. Canal services firm Leth Agencies said the vessel, MV Glory, ran aground near the city of Qantara, in the Suez Canal province of Ismailia.…

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Asharq Al-Awsat

ISIS Claims Attack on Egypt Police that Killed 4

The ISIS militant group claimed responsibility for a militant attack on a police checkpoint in Egypt’s Suez Canal city of Ismailia that killed at least four people, including three police. The extremist group claimed the attack in a statement late Saturday carried by its Amaq news agency. The attack took…

The Times of India

Flood of Russian crude heads to Asia after EU ban kicks in

Russia has all but ceased to be a supplier of crude oil to Europe.

Asharq Al-Awsat

Egypt’s Sets Date for Upcoming Economic Conference

The Egyptian government announced that the upcoming economic conference, called for by President Abdel Fattah el-Sisi, would be held from October 23 to 25. Speaking on the sidelines of the inauguration of naval units in the Suez Canal earlier this month, the Egyptian president called for holding an economic conference…

Asharq Al-Awsat

Suez Canal Authority to Raise Transit Fees by 15% in 2023

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the Canal Authority's Chairman Osama Rabie said on Saturday. Transit fees for bulk and tourist ships will be raised by 10%, Rabie added. The fee increase will be applied starting Jan 1, 2023. Rabie…

Asharq Al-Awsat

Sisi Hails Gulf Support for Egypt

Egyptian President Abdel Fattah el-Sisi praised the Gulf support for his country, especially during the periods that followed the upheavals in January 2011 and June 2013. Sisi’s comment came during the inauguration of projects in the Suez Canal Authority on Thursday. In his speech, the Egyptian president said that Saudi…

The Independent UK

Suez Canal gets blocked again by tanker in almost exact same spot as Ever Given container ship

Suez Canal’s authority sent five boats to get the wedged vessel Affinity V floating again

Asharq Al-Awsat

Another Tanker Briefly Blocks Egypt's Suez Canal

An oil tanker briefly became stuck in Egypt's Suez Canal on Wednesday night, officials announced, raising fears that last year's major blockage of the global maritime route could be repeated. The Affinity V "ran aground in the Suez Canal at 19:15" (17:15 GMT)", a security source told AFP, adding that…

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