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Tag: Suez Canal


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Blocked Suez Canal Compounds Stress to Supply Chains

March 26, 2021

Via: Transport Topics

Dislodging the container vessel blocking the Suez Canal will take until at least March 31, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars. The extended […]


Shipping

Suez Canal Choked for Third Day as Elite Team Tackles Stuck Ship

March 25, 2021

Via: Transport Topics

A huge backlog of ships was building up around the Suez Canal for a third day as an elite salvage team set about the monumental challenge of freeing the container vessel that’s blocking the crucial waterway. Work to refloat the […]


Impact & Regulations, Shipping

Suez Canal slashes tolls in half for laden VLCCs heading from Europe to Asia

November 25, 2020

Via: Splash 247

With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash tolls for laden VLCCs heading from Europe to Asia in half in a bid to avoid operators taking the slower, […]


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Suez Canal Extends Toll Cuts for Crude Carriers

December 26, 2018

Via: World Maritime News

The Suez Canal Authority (SCA) has extended discounts related to oil tankers to another year after considering “new changes in the global shipping market and world economy”. As explained, SCA aims to encourage more ships to transit the Suez Canal […]


Shipping

Suez Canal Grinds to a Halt after Multi-Ship Groundings, Collisions

July 17, 2018

Via: World Maritime News

The drama started with the grounding of a containership on July 15, which has been identified as Aeneas. The 63,059 dwt containership grounded during its transit at about 1830 hours local time, GAC Egypt reported. It was the 20th in […]


Shipping

The expanded Panama Canal: perfect timing

July 12, 2018

Via: JOC

Two years after the opening of the $5.4 billion larger locks, the Panama Canal has racked up a series of wins, from attracting services from the Suez Canal to seeing carriers deploy larger ships sooner than expected. And Administrator Jorge […]