The Suez Canal is one of the most important and strategic waterways in the world, connecting the Mediterranean Sea to the Red ...

Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were positive indicators for the ...

Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when ...

Revenue registered by the Suez Canal for fiscal year 2023/24 fell by more than $2 billion, as attacks on commercial vessels in the Red Sea by Iran-backed Houthi rebels in Yemen continue to disrupt ...

The capsizing didn't disrupt vessels transiting through the canal, which links the Gulf of Suez to the Mediterranean Sea, Adm. Ossam Rabei, head of the canal authority, said.

The Suez Canal ’s revenue has fallen by up to 50% this year due to attacks by Yemen’s Houthi rebels, Egyptian President Abdel Fattah al-Sisi said on Monday, the latest indication that the turmoil in ...

Over 7,000 miles away, vessels that move containers through Egypt’s Suez Canal are waiting for naval escorts or avoiding the passage altogether to take a much longer voyage around South Africa.

The Suez Canal is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years, including via an expansion in 2015.

In June, a 79.6% reduction in #drybulk carriers passing through the Suez Canal was observed, with only 24 ships compared to 118 in the same period last year, according to #MarineTraffic data.

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when ...