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Suez Canal Authority chairman Osama Rabie recently met with Maersk CEO Vincent Clerc, as the ocean carrier and others still avoid the Red Sea.

Exploring the engineering principles behind the recent obstruction of the Suez Canal, which caused a weeklong disruption in global shipping traffic. I give a brief overview of the bank effect and ...

Get Instant Summarized Text (Gist) The 2021 Suez Canal blockage resulted in a $89 million loss for Maersk Line, primarily due to inventory holding costs. The incident highlighted vulnerabilities ...

The Suez Canal Authority's chairman, Osama Rabie, said on Monday that navigational maps for the planned 10km (6.2 mile) canal ...

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to ...

CAIRO - The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie said on Tuesday.

ISMAILIA, Egypt--The Japanese owner of a skyscraper-sized cargo ship wedged across Egypt’s Suez Canal has apologized for the incident that’s imperiling global shipping. Shoei Kisen apologized ...

CAIRO (Reuters) - Suez Canal Authority Chairman Osama Rabie has ... the Houthis announcing they would curb their attacks on ships. The Iran-aligned Houthis have carried out more than 100 attacks ...

In 2024, Egypt's Suez Canal revenues plummeted to $4 billion, a 60.7 percent decrease from $10.2 billion in 2023. The number of ships transiting the canal annually dropped by around 50 percent ...

The Suez Canal Authority confirmed two ships had passed through the new section during a trial run without incident. Following the 2021 grounding of the container ship Ever Given that blocked the ...