Latest News for: suez canal

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Russia Turns On World's First Satellite System for Arctic Monitoring

The Maritime Executive 29 Apr 2024
The system draws on data from Roscosmos’ two Arktika-M satellites ... Russia hopes the passage could become an alternative shipping route, as it nearly halves the distance between the Far East to the West compared to the Suez Canal route ... ....
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The delicately balanced Jenga tower of energy security

The National 29 Apr 2024
READ MORE ... Why Red Sea attacks pose a threat to energy security ... This led Russian oil exports to reorient almost entirely to Turkey, India and China – the latter two usually requiring passage through the Suez Canal and Red Sea ... ....
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AAIB-NBE alliance grants Roya Developments EGP 5.6bn loan

Daily News Egypt 29 Apr 2024
Additionally, ABC Bank, Arab Bank, Arab International Bank, EG Bank, Arab Investment Bank, and Suez Canal Bank have all played a role in facilitating the process ... In 2023, the pace of unit delivery across various projects accelerated ... ....
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WATCH: Life aboard the world’s most expensive cruise ship - at R24.7 million per couple

Independent online (SA) 29 Apr 2024
... traversing the Panama Canal to Mexico, Costa Rica, and Guatemala ... The voyage continues through the Red Sea, visiting Egypt and Jordan, before traversing the Suez Canal to Cyprus, Greece, and Turkey.
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Reconsidering Eurasia connectivity and trade

China Daily 29 Apr 2024
These disruptions, from the COVID-19 pandemic, the Ever Given incident in the Suez Canal, the persistent drought in the Panama Canal, the hostilities in the Black Sea, to the ongoing attacks on ...
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Drewry: A complete closure of the Strait of Hormuz is highly unlikely

SAFETY4SEA 29 Apr 2024
... providing impetus to LNG shipping rates – mainly due to huge vessel absorption as US shipments will continue to take the COGH instead of the Panama and Suez Canals, generating extra tonne-mile demand.
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Egypt says Suez Canal revenue falls 50% amid Red Sea tension

Anadolu Agency 28 Apr 2024
Suez Canal revenue has dropped by 50% amid growing tension in the Red Sea, Egypt’s planning minister said on Sunday ... ​​​​​​​The Suez Canal, a critical maritime route for global trade, is the shortest shipping route between Europe and Asia.
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Red Sea attacks decrease Suez Canal revenues by 50%: Planning Minister

Egypt Today 28 Apr 2024
 In February, Chairman of the Suez Canal Authority, Osama Rabie, disclosed that revenues had declined by 46 percent in January 2024, amounting to $428 million compared to $804 million in January 2023.
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Feature: Century-old Suez Canal bears witness to vicissitudes of Egyptians being trapped and salvaged

People Daily 28 Apr 2024
"Perhaps in the eyes of others, the canal is just a trade route, but for Egyptians, blood and tears flow there," recalled Wael Kaddour, who had served as a board member of Egypt's Suez Canal Authority.
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Egypt's Tourism, Suez Canal receipts face risks amid regional tensions: Fitch Ratings

Egypt Today 28 Apr 2024
CAIRO - 28 April 2024. Escalating regional conflict would present risks to tourism and Suez Canal receipts in Egypt, weighing further on the current account deficit, Fitch Ratings stated.   ...   ...   ...   ...   ...   ...   ... .
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Egypt’s FM at IGWEL: Immediate ceasefire in Gaza is a must

Egypt Today 28 Apr 2024
Moreover, he emphasized the importance of the Suez Canal as a vital artery of international trade, highlighting efforts to develop the canal by transforming it into an advanced logistics hub.
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