EXPLAINED: 2 | Rare Historical Photos

Maltese oil tanker breaks down in Egypt’s Suez Canal

A tanker transporting crude oil has broken down in a single-lane part of Egypt's Suez Canal, disrupting traffic in the global waterway.

The New Daily · Jun 4, 2023

Suez Canal ships on move again as stranded tug refloated after huge salvage operation

Egypt's Suez Canal is a vital waterway trade that allows ships a more direct route than the 3,000 mile journey around the tip of Africa - amounting to billions in revenue for global trade

Daily Mirror · May 25, 2023

Hong Kong-flagged vessel briefly runs aground in Egypt's vital Suez Canal, later refloated

A Hong Kong-flagged ship briefly ran aground in Egypt’s vital Suez Canal, though authorities said they were able to refloat it after it momentarily disrupted the waterway

The Independent UK · May 25, 2023

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 · Mar 15, 2023

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 · Mar 6, 2023

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 · Mar 5, 2023

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 · Feb 17, 2023

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 · Feb 15, 2023

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 · Feb 13, 2023

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 · Feb 13, 2023