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   • Daily Mail

     Cambridgeshire's 'Suez canal crisis' averted as huge timber ship that got wedged in the River Nene is rescued by two tug boats

     When the giant 200,000-ton Ever Given cargo ship - the size of four football pitches - drifted across the entire width of the Suez Canal in 2021, it blocked the vital shipping route for six days. The blockage held up more than 400 vessels. A Wisbech port ...

     2 weeks ago

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     Daily Mail

     Massive 80-metre long cargo ship gets stuck in Cambridgeshire river after running around while trying to deliver wood to Wisbech in UK echo of 2021's Suez Canal blockage

     2 weeks ago

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     Sky News on MSN.com

     Cargo ship draws Suez Canal blockage comparisons after becoming stuck in Cambridge river

     2 weeks ago

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2. news.usni.org › 2024/06/20 › houthi-attacks-causingHouthi Attacks Causing More Damage in the Red Sea, Merchant ...

   news.usni.org › 2024/06/20 › houthi-attacks-causing

   • Cached

   Jun 20, 2024 · Comparative data from Marine Traffic suggests that the Houthi attacks have led to a 79.6 percent drop in drybulk carriers going through the Suez Canal in June 2024 versus June 2023.

3. People also ask

   Will Egypt release a container ship that blocked the Suez Canal?

   • Egypt will release the container ship that blocked the Suez Canal in March, after it agreed a compensation deal with the vessel's owners and insurers. The two sides said the Ever Given would be allowed on Wednesday to leave the Great Bitter Lake, the canal's midway point, where it has been impounded.

   Ever Given: Egypt agrees deal to release ship that blocked Suez Canal - …

   www.bbc.co.uk/news/world-middle-east-57719551

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   How does the Suez Canal affect shipping costs and supply chains?

   • That exodus is a big deal: The Suez Canal, which connects the Red Sea to the Mediterranean Sea, accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. But the overall impact on shipping costs and supply chains is far less severe than at the height of the pandemic, analysts tell CNN.

   Red Sea crisis: How global trade is being upended by attacks on ... - CNN

   www.cnn.com/2024/02/08/business/red-sea-crisis-global-trade-explained/index.html

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   How does the Suez Canal blockage affect the Egyptian economy?

   • The Suez Canal blockage doesn't just affect the global shipping industry or the Egyptian economy - countless businesses, from domestic transport providers to retailers, supermarkets and manufacturers are also impacted. The true damage and cost is difficult to evaluate until the ship is fully freed and trade resumes.

   The cost of the Suez Canal blockage - BBC

   www.bbc.com/news/business-56559073

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   Did a huge container ship refloat in the Suez Canal?

   • A huge container ship that has been wedged in the Suez Canal since Tuesday has finally been freed from the shoreline. Peter Berdowski, chief executive of Dutch salvage company Boskalis, said the Ever Given had been refloated at 15:05 (13:05 GMT) on Monday, "thereby making free passage through the Suez Canal possible again".

   The cost of the Suez Canal blockage - BBC

   www.bbc.com/news/business-56559073

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4. www.cnn.com › 2024/02/08 › businessRed Sea crisis: How global trade is being upended by attacks ...

   www.cnn.com › 2024/02/08 › business

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   Feb 8, 2024 · There has been an “almost wholesale exodus” of larger container ships from the Red Sea and the adjoining Suez Canal, Richard Meade, editor-in-chief of shipping publication Lloyds List, told CNN.

5. www.investopedia.com › how-is-this-suez-canalHow Is This Suez Canal Slowdown Different From The Last ...

   www.investopedia.com › how-is-this-suez-canal

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   Jan 29, 2024 · So far in 2024, traffic through the Suez Canal is down by 64% compared with last year. Many global shipping carriers are sending cargo ships around Africa, adding between 12 to 20 additional days...

6. Videos

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     Suez Canal blocked after huge container ship wedged across it - BBC News

     Mar 24, 2021

     3M Views

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     3:15

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     Suez Canal blockage felt across the world as trade comes to a pause

     Mar 27, 2021

     423.8K Views

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     1:17

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     Suez canal blocked after container ship runs aground

     Mar 24, 2021

     279.3K Views

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7. www.imf.org › en › BlogsRed Sea Attacks Disrupt Global Trade - IMF

   www.imf.org › en › Blogs

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   Mar 7, 2024 · In the first two months of 2024, Suez Canal trade dropped by 50 percent from a year earlier while trade through the Panama Canal fell by 32 percent, disrupting supply chains and distorting key macroeconomic indicators.

8. www.bbc.co.uk › news › world-middle-east-57719551Ever Given: Egypt agrees deal to release ship that blocked ...

   www.bbc.co.uk › news › world-middle-east-57719551

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   Jul 5, 2021 · Egypt will release the container ship that blocked the Suez Canal in March, after it agreed a compensation deal with the vessel's owners and insurers.

9. www.bbc.com › news › business-56559073The cost of the Suez Canal blockage - BBC

   www.bbc.com › news › business-56559073

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   Mar 29, 2021 · A huge container ship that has been wedged in the Suez Canal since Tuesday has finally been freed from the shoreline.

10. news.sky.com › story › attacks-on-red-sea-shippingAttacks on Red Sea shipping forces 66% decline in Suez Canal ...

    news.sky.com › story › attacks-on-red-sea-shipping

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    Apr 24, 2024 · Shipping traffic through the vital Suez Canal artery in Egypt has plunged by 66% since cargo was forced to divert due to attacks on vessels, according to official figures.