Around 15% of global trade passes through the Suez Canal, and the blockage was costing it up to $15 million a day. The ship has now been towed to a lake outside of the Suez for technical inspection.

(JTA) — We know what you’re thinking. The Suez Canal has been blocked for days by a giant container ship, causing big problems for the global shipping industry and starting a torrent of social ...

SUEZ, Egypt--Experts on Tuesday boarded the massive container ship that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question ...

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The Suez Canal Authority said in a statement that a ceremony would be held on Wednesday to mark the signing of an agreement with the owners and “the departure of the ship”.

Egypt's President Abdel Fattah al-Sisi said on Monday that the monthly losses of the Suez Canal revenues reached around $800 ...

The incident has been likened to the blockage of the Suez Canal in 2021, when the gigantic Ever Given container ship held up ...

ISMAILIA, Egypt--The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week.

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Suez Canal daily, and about 12% of total global trade of all goods. Shipping experts say that if the blockage is not cleared in the coming days, some shipping may re-route around Africa ...

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