Egypt's Suez Canal revenues hit an all-time high in 2021 of $6.3 billion, versus $5.6 billion in 2020, canal spokesperson George Safwat said on Sunday. Some 20,694 ships transited the canal in ...

The massive container ship that has been stuck in the Suez Canal for nearly a week was finally free Monday, an official said. Aided by the peak of high tide, a fleet of tugboats helped to dislodge … ...

People watch as the container ship ‘Ever Given’ is refloated, unblocking the Suez Canal on March 29, 2021 in Suez, Egypt. Getty Images “They do not want to pay anything,” Rabie told a ...

The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maersk Line. This is revealed ...

The crisis in the Suez Canal last month turned the world’s attention on a single challenge few had ever considered: how to refloat a 200,000-ton mass of steel, as long as the Empire State ...

The Ever Given was on its way to the Dutch port of Rotterdam on March 23, 2021 when it slammed into the bank of a single-lane stretch of the canal about 6 kilometers (3.7 miles) north of the ...

Stranded container ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in Suez Canal, March 25, 2021. Reuters TV.

The global economy is a lot of things in 2021, but fragile is not one of them. Over the past decade, global value chains have had to cope with a slow recovery from the 2008 financial crisis, a ...

Ever Given, a nearly 200-foot-wide, 1,300-foot-long cargo ship sailing under a Panamanian flag, caused a transcontinental logjam in the Egyptian waterway, which directly connects Europe to Asia.

Another ship briefly ran aground in the Suez Canal on Sept. 9, 2021, less than six months after the Ever Given blocked traffic for six days.

Lt. Gen. Ossama Rabei, head of Suez Canal Authority, told Egypt's Sada ElBalad news that Egypt will likely seek $1 billion in compensation for physical and financial damages resulting from the ...

More 2021 in Suez, Egypt. Work continues to free the Ever Given, a huge container ship stuck sideways in Egypt's Suez Canal. The ship ran aground in the canal on March 23, after being caught in 40 ...