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2 days ago · In late December 2023, Goldman Sachs already reported that the Red Sea crisis affects approximately 30% of global container trade with 70 to 80% of vessels having been rerouted, while UNCTAD (2024) estimates that the trade volume going through the Suez Canal decreased by 42% over the last two months.
Apr 22, 2024 · March 25, 2021 - Efforts to dislodge a mega ship wedged in the Suez canal continue, amid fears that the operation could disrupt global shipments for days. The MV Ever Given container ship entered the canal from the Red Sea on Tuesday morning and ran aground 45 minutes later. The ship’s operator and Egyptian officials blamed high winds, along ...
Apr 18, 2024 · Due to the Coronavirus crisis, the Canal's revenues in FY 2019-2020 (fiscal year) decreased to USD 5,72 billion (USD 5,75 B in FY-2018-2019). Suez Canal's expansion is currently planned for completion in July 2023.
Türkiye's fourth domestically produced warship, the TCG Kınalıada, which is heading to Japan to mark the centenary of bilateral relations, has reached the Suez Canal, the Defense Ministry said Tuesday. The ministry shared images of the TCG Kınalıada's entry into the Suez Canal. The Ada-class corvette departed from Türkiye's Aegean ...
5 days ago · This complex network was severely impacted by the March 23, 2021, event in the Suez Canal, which stopped the movement of goods and services between continents. An essential maritime route that helps carry products between Europe and Asia and is essential to global trade is the Suez Canal. The enormous container ship Ever Given blocked the canal ...
4 days ago · Following the 1956 Suez Crisis and Israel’s invasion of the Sinai Peninsula, Egypt, Jordan, and Syria signed mutual defense pacts in anticipation of a possible mobilization of Israeli troops.
Apr 15, 2024 · The 1956 Suez Crisis, the Tripartite Aggression or the Suez War, involved an invasion by Israel, followed by the United Kingdom and France, with the aim of regaining Western control of the canal and removing Nasser from power. Port Said endured significant hardships during this time, including bombings and invasions, demonstrating the ...
