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2 days ago · The disruptions have cut container-line transits through the Suez canal by about 80%, Bloomberg Intelligence has estimated. ... to peak demand from the dislocation created by the Red Sea crisis ...
5 days ago · The Suez Canal recorded on Wednesday the highest number of daily ships passing through the canal in its history at 87 ships in both directions, Suez Canal Authority Chairman Osama Rabie said in a statement.
2 days ago · The Red Sea Crisis Continues . The current political conflict at the Red Sea has had an effect on the global supply chain similar to that of the COVID-19 pandemic. Since late 2023, Yemen’s Houthi rebels have been attacking ships in the maritime trade route between the Mediterranean Sea and the Indian Ocean via the Red Sea and the Suez Canal.
5 days ago · The 224,000-ton container has been stuck and blocking the vital waterway since Tuesday last week after it lost the ability to steer amid massive winds and a sandstorm. The incident caused a temporary suspension of navigation in the man-made canal, keeping at least 321 ships in wait.
3 days ago · More recently, political instability in Egypt has occasionally raised concerns about the security and accessibility of this vital route. The blockage of the Suez Canal in March 2021 by the Ever Given container ship highlighted the canal's vulnerability, causing a delay of over $9 billion worth of goods each day. Threats in the Strait of Hormuz
3 days ago · Consumer goods deliveries worldwide were delayed after a huge container vessel ran aground in the Suez Canal last month, blocking the vital trade artery.
3 days ago · Then the March 2021 grounding of a container ship shut down the Suez Canal, shocking an already reeling global supply chains. That was followed by global grain supply disruptions caused by Russia ...
