Tag Archives: suez canal

The ongoing Gaza crisis as well as fresh Houthi attacks are keeping barrel prices high. Monday saw a test of $78.11 a barrel for West Texas Intermediate crude, finding the opportunity to gain momentum as US markets were closed in observance of the federal holiday known as American President’s Day. …

The Middle East war poses a significant risk to earnings as boycotts and Red Sea shipping chaos disrupt supply chains. This could impact the record rally in US stocks, as expectations for profits at S&P 500 companies for the next 12 months are at a record high. The war could …

The Suez Canal Authority signed an agreement with the company that owns the Panamanian container ship EverGiven on secret terms that were not disclosed, during a meeting held by the authority on Wednesday, July 7, in the presence of the Authority’s Chairman Osama Rabie and representatives of the Japanese company …

The head of the Suez Canal Authority, Lieutenant General Osama Rabie, announced the resumption of navigation in the Suez Canal after the Authority’s success in rescuing and floating the giant Panamanian container ship EVER GIVEN, which ran aground while crossing the Suez Canal.

Lieutenant-General Osama Rabie, Chairman of the Suez Canal Authority, announced that the Panamanian container ship Ever Given had successfully floated after the ship responded to the tension and towing maneuvers, whereby the ship’s course was significantly modified by 80% and the stern of the ship moved away from the shore …

The Suez Canal Authority said today, Friday, that it is looking forward to cooperating with the United States in efforts to float the container ship that has disrupted shipping for three days. The authority said in a statement, “The Suez Canal Authority appreciates the offer made by the United States …

Seven LNG carriers have diverted their route away from the Suez Canal after shipping was suspended in it due to the stranding of a giant container ship since Tuesday, according to Kepler, a data analysis company. Kepler analyst Rebecca Shea said that three of the tankers are being diverted towards …

The operator of the giant container ship that ran aground in the Suez Canal said that there will be another attempt to float the vessel later today after an earlier attempt failed. The ship operator Bernard Schulte, which operates the Evergiven, said in a statement that dredging operations of sand …