The canal, which according to History took nine years to build between 1904 and 1913, was 50 miles long and cost the USA $375m. Altered for inflation that would be $11.8bn or £9.3bn in today's ...

The current crisis facing the Suez Canal is more challenging than the COVID-19 pandemic, he added. He explained, “This period is longer, and we have lost $10.5 billion in a year and a half, which is a ...

The Suez Canal, a critical global shipping route, ... had risen 88 percent from early December to the highest level outside of those seen during Covid-19, when rates went haywire. ...

At the spot where Ever Given ran aground, the Suez Canal is around 200 meters across, so a fully loaded, 400-meter-long container ship wedged hard diagonally across the canal immediately presented ...

The Suez Canal handles 12-15% of global trade and 25-30% of container traffic. ... However, rates were still only about half of the peak hit during the COVID-19 pandemic.

Suez Canal revenues are especially vital for Egypt amid the economic crisis during which the local currency has lost half its value since March 2022 while inflation tops 35 percent. Egypt's economy ...

As Houthi rebels intensify strikes on vessels headed for the Suez Canal, global shipping prices are soaring, raising fears of product shortages and delays. By Peter S. Goodman Peter Goodman has ...

Suez Canal receipts, a major source of hard currency for Egypt, dropped by 62 per cent year-on-year in the first half of 2024-2025 to $1.8 billion on the back of the Red Sea disruptions.

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 ...