The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maersk Line. This is revealed in a new study conducted by a European research team in collaboration ...

The passageway extends the length of the Suez Canal's two-way section from 72 to 82 kilometers (44.7-50.95 miles), out of a total of 193.30km. The project was in part prompted by the disastrous ...

After ten years of digging, the massive Suez Canal finally opened for transit. A procession of ships began the journey, led by a boat whose passengers included the empress of France and de Lesseps.

Businesses More Prepared for Disruption Than in 2021 Global economies adjusted to the supply-chain disruptions of the 2020 global pandemic and the 2021 blockage of the Suez Canal, analysts said.

Traffic through the Suez Canal has resumed normally, the canal authority said on Wednesday, hours after a collision of two vessels temporarily caused delays.

According to the Suez Canal Authority, last year, 23,851 vessels passed through the waterway, compared to 20,649 vessels in 2021. The revenue from the canal in 2022 reached $8 billion, the highest ...

FILE – The Ever Given, a Panama-flagged cargo ship wedged across the Suez Canal and blocking traffic looms over the village of Amer, near Suez, Egypt on March 28, 2021. The world’s biggest ...

In this photo released by Suez Canal Authority, the Ever Given, a Panama-flagged cargo ship, is pulled by one of the Suez Canal tugboats, in the Suez Canal, Egypt, on March 29, 2021.

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 ...

FILE – The Ever Given, a Panama-flagged cargo ship wedged across the Suez Canal and blocking traffic looms over the village of Amer, near Suez, Egypt on March 28, 2021.

Business International Trade Maersk sues Evergreen over 2021 blocking of Suez Canal Feb. 13, 2023 at 8:37 am Updated Feb. 13, 2023 at 1:15 pm By SAMY MAGDY ...