Tue, 21-Oct-2025

Indonesia is exploring opportunities in the Suez Canal economic zone

Indonesia is exploring opportunities in the Suez Canal economic zone

The aim is to boost exports through the Suez Canal, the shortest route between Asia and Europe. Over 8% of global trade passes through the Suez Canal annually. Indonesia and Malaysia recently collaborated on a free trade pact with Egypt. After a series of ministerial-level meetings in Cairo this week, authorities have stated that Indonesia … Read more

Grain ship from Ukraine runs aground in the Suez Canal

Suez Canal
  • A container ship from Ukraine carrying more than 65,000 tonnes of corn has been refloated.
  • M/V Glory experienced a technical issue 24 miles (38 km) into its southerly voyage via the Egyptian waterway.
  • The obstruction caused ships to back up and momentarily halted international trade in several items.

A container ship from Ukraine carrying more than 65,000 tonnes of corn has been refloated after being stranded in the Suez Canal.

According to the Suez Canal Authority, the M/V Glory experienced a technical issue 24 miles (38 km) into its southerly voyage via the Egyptian waterway, close to the city of Qantara (SCA).

Regular canal traffic was anticipated to resume at 11 a.m. local time after tugboats transported the broken-down vessel to a repair area, where it was anticipated to only cause minor delays.

According to the Joint Coordination Centre, which is in charge of managing the grain exports, the ship departed Chornomorsk port in southwest Ukraine on Christmas Day with 65,970 metric tonnes of corn bound for China.

According to the center, an inspection on January 3 in Istanbul resulted in a clearance for the ship to continue its voyage.

The Suez Canal, which offers the quickest connection between Europe and Asia, was closed in March 2021 for six days when another ship, the Ever Given, became jammed horizontally in strong winds.

The obstruction caused ships to back up and momentarily halted international trade in several items.

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Egypt: ISIL claims attack that killed 11 soldiers in Sinai

ISIL (ISIS) has claimed responsibility for an incident in the Sinai Peninsula on Saturday that killed 11 Egyptian soldiers. According to the Egyptian military, at least five other troops were wounded in the attack on Saturday. It was the Egyptian army’s deadliest day in years in its long-running campaign in and around the Sinai Peninsula … Read more

Jihadist attack kills 11 Egypt troops: army

Egypt

The army claimed 11 Egyptian soldiers were killed on Saturday while attempting to foil a “terrorist” attack on the Suez Canal zone bordering the Sinai Peninsula, a hub of jihadist activity. It was the army’s worst loss in years in its long-running operation against militants loyal to the Islamic State group in and around Sinai. … Read more

Suez Canal records record monthly revenue in April

Suez Canal

Egypt’s Suez Canal Authority announced Sunday an all-time sales report for April, incomes $629 million following a series of toll hikes for vessels transiting the critical waterway. Connecting the Red Sea and the Mediterranean, the canal bills for roughly 10 percent of world maritime trade and is one of Egypt’s major assets of foreign currency … Read more

Container ship stranded for a month off US coast refloated

Container ship

A huge box ship stranded for a month in the US east coast’s Chesapeake Bay become refloated on Sunday, local media said. The Ever Forward, owned by using the Taiwan-primarily based corporation Evergreen, have become lodged in some 20 toes (six meters) of mud a few hundred yards from shore at the night of March 13 after … Read more

Record cargo shipped through Egypt’s Suez Canal last year

Suez Canal

CAIRO: Egypt’s Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus pandemic and a six-day blockage by giant cargo ship the Ever Given. Connecting the Red Sea and the Mediterranean, the canal accounts for roughly 10 per cent of global maritime trade and is a source of much-needed foreign … Read more

Revenues from Suez Canal may increase 11% in first half of 2022

Suez Canal

CAIRO: Egypt expects an 11 per cent hike in the revenues from Suez Canal during the first half of 2022, Arab News quoted Lt Gen Osama Rabie, as saying, in a TV interview. The chairman and the managing director of the Suez Canal Authority said he expects a commercial boom in the coming period with demand for … Read more

Suez Canal: This Female Captain Was Blamed For Blocking Maritime Trade

Suez Canal: This Female Captain Was Blamed For Blocking Maritime Trade

Last month, on March 23, a 400-meter-long Japanese ship was stranded in Egypt’s Suez Canal, which was evacuated on April 3 after a week of efforts. About 400 ships were stranded in the Suez Canal on the 400-meter-long Evergreen, and some items became more expensive due to the non-delivery of crude oil to other countries … Read more

Ever Given Ship Evacuated After 6 Days, Sea Traffic Restored In Suez Canal

Ever Given Ship Evacuated After 6 Days, Sea Traffic Restored In Swiss Canal

The world’s largest and busiest waterway, the Suez Canal, has been evacuated and maritime traffic, which had been closed for a week, has been restored. According to the international news agency, the Ever Given ship was re-floated in the canal and the Suez Canal was reopened to sea traffic. After the ship was pulled out … Read more

Suez Canal blockage could affect the smartphones industry

canal

Egypt’s Suez Canal which is one the most important sea route was blocked by Panama-registered vessels. As per reports, the blockage has delayed for almost a week and has left many of ships waiting on both sides of the canal which is a 200km shortcut from Asia to Europe, connecting the Red sea to the … Read more