The Suez Canal Authority (SCA) announced on Tuesday that 166 ships have shifted their routes to transit through the Egyptian waterway instead of the Cape of Good Hope since February, reinforcing the ...
The Suez Canal Authority (SCA) said Tuesday in a statement that 166 ships have switched back from the Cape of Good Hope route to the Suez Canal since February as Gaza's brief ceasefire reduced the ...
Egypt's President Abdel Fattah al-Sisi said on Monday that the monthly losses of the Suez Canal revenues reached around $800 ...
In 2024, Suez Canal revenues dropped by 60 percent- $7 billion, as shipping companies rerouted vessels to the Cape of Good Hope amid Houthi attacks on Israel-linked ships in the Red Sea.
The Suez Canal is a tremendous convenience in that ships can travel between Europe and Asia without going around South Africa’s Cape of Good Hope, Papic acknowledged, but he said it’s hardly a ...
A ‘mini-Suez’ canal is being built in Pakistan, costing the country £225 million. The Kachhi Canal Project is a 310-mile-long canal project situated in the Baluchistan and Punjab Provinces of ...
An exciting new megaproject in Europe is set to make it a major competitor against the Suez ... of 160 ships or tankers every year, alleviating some of the pressure on the Strait. The canal ...
Ship Ever Given, one of the world's largest container ships, is seen after it was fully floated in Suez Canal, Egypt March 29, 2021. [Courtesy, Suez Canal Authority] Suez Canal Authority (SCA ...
As of Oct. 5, the Panama Canal Authority (ACP) will implement the first phase of a weekly “net-zero slot” for Neopanamax vessels, which are larger container ships that have a maximum length of ...
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