Egypt completes trial run of new Suez Canal channel extension
Egypt said on Saturday it had successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its ...
Sourcing Journal on MSN19h
Red Sea Crisis Costs Egypt $7 Billion in 2024 as Suez Revenues Sink
In November, 115 container vessels passed through the canal, a 72 percent drop from the 422 that passed through a year ago, ...
Suez Canal revenue down 60%, but Red Sea outlook may be changing
Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea. The ...
Regional challenges cost Egypt around $7 bln of Suez Canal revenues in 2024, Sisi says
Events in the Red Sea and regional challenges cost Egypt around $7 billion in revenues from the Suez Canal in 2024, Egyptian ...
Red Sea Disruptions Cost Egypt $7 Billion in Suez Revenues
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue ...
TradeWinds1d
Red Sea crisis costs Egypt $7bn as Suez Canal revenues plummet
Diverting shipping away from the Suez Canal cost Egypt nearly $7bn this year as revenues dropped by 60% year over year. The ...
sis2d
Sisi follows up on Suez Canal measures to address impact of Red Sea incidents
President Abdel Fattah El-Sisi was briefed about the measures taken by the Suez Canal Authority (SCA) to address the ...
sis1d
President El-Sisi Meets Chairman of Suez Canal Authority
President Abdel Fattah El-Sisi met with the Chairman and Managing Director of the Suez Canal Authority, Admiral Ossama Rabiee ...
The troubled history of the Panama Canal’s racial and social divide
The social and racial divide along the Panama Canal zone in its American heyday was stark: a silver and gold, segregated ...
Zawya1d
SCZone, Suez Steel sign $120mln deal to develop dry bulk handling at Adabiya Port
Adabiya Port, situated at the southern entrance to the Suez Canal, plays a vital role in connecting Asia and Africa. As one of Egypt’s premier ports for handling dry and liquid bulk goods, it ...