Suez Canal Nearly Doubles Capacity To Clear Traffic Jam Of Ships
Suez Canal Nearly Doubles Capacity To Clear Traffic Jam Of Ships The Suez Canal Authority (SAC) is working overtime to clear the massive logjam of vessels at either end o.....»»
Latest satellite images show efforts to free the giant container ship, Ever Given, stuck in Suez Canal
High-resolution photos taken from space on the morning of March 27, show the stricken vessel and the traffic jam of ships caused by the blocked Suez Canal. Container ship Ever Given stuck in the Suez Canal, Egypt on March.....»»
Panama Canal expansion’s impact on South Florida industrial market
The Panama Canal expansion, which began commercial operation in 2016, has added a wider traffic lane and doubled its capacity to accommodate large container ships. These ships carry over 13,000 TEUs and some exceed 22,000 TEUs. Because of the influx in l.....»»
The Suez Canal will be widened by 131 feet to avoid a repeat of the Ever Given chaos, authorities say
The Suez Canal Authority said this week it plans on widening and deepening parts of the waterway to improve the movement of ships in the area. Container ship Ever Given stuck in the Suez Canal, Egypt on .....»»
The operators of the Ever Given may be forced to unload its 18,000 cargo containers onto other ships, report says
Ever Given's operators are facing mounting pressure to deliver their goods to customers while the ship is trapped in legal limbo in the Suez Canal. The Ever Given, a Panama-flagged cargo ship, is seen in.....»»
Maersk "Suspends" Many Short-Term Bookings As Suez Backup Strains Capacity
Maersk "Suspends" Many Short-Term Bookings As Suez Backup Strains Capacity The Suez Canal blockage's ripple effect on the global supply chain has forced Maersk to suspend bookings of short-term contract.....»»
Oil ends lower as Suez Canal reopens; attention turns to OPEC+
Oil futures ended with a loss on Tuesday, as the reopening of the Suez Canal eased concerns surrounding the flow of oil supplies in the region. The canal is open again and the backlog of ships.....»»
Futures Movers: Oil prices settle lower as Suez Canal reopens; focus shifts to OPEC+
Oil futures settled lower on Tuesday, as ships resumed moving through the Suez Canal and traders turn their attention to a meeting of the Organization of the Petroleum Exporting Countries and its allies this week......»»
Suez Canal Is "Clear" As Ever Given Reaches Great Bitter Lake
Suez Canal Is "Clear" As Ever Given Reaches Great Bitter Lake.....»»
Ever Given, the massive ship blocking the Suez Canal for 6 days, has been partially freed
After being stuck since Tuesday, the Ever Given was refloated before dawn on Monday. The operation to clear the Suez Canal, however, is not complete. An image showing the Ever Given's po.....»»
Oil Tanker Rates Surge As Suez Canal Blockage Continues
Oil Tanker Rates Surge As Suez Canal Blockage Continues Submitted by OilPrice.com, Oil product tanker rates have surged almost double since a giant container ship ran aground the Suez Canal on Tuesday, blocking traffic on th.....»»
Tankers and container ships, including Cheniere and Shell/BG vessels, are changing course to avoid the Suez Canal logjam
At least 10 tankers and containe.....»»
Over 300 Ships Now Stranded As Suez Canal Authority Chairman Says "Human Error" Contributed To Crash
Over 300 Ships Now Stran.....»»
Philippines Alarmed By More 200 Chinese Ships Massing In Disputed Waters
Philippines Alarmed By More 200 Chinese Ships Massing In Disputed Waters If nothing else, the blockage of the Suez Canal by a massive container ship has served as an unwelcome reminder that chokepoints to .....»»
Where is the Suez Canal and how did a ship get stuck in it?
A large cargo ship has been stuck in Egypt's Suez Canal since Tuesday, disrupting traffic in the vital waterway as officials try to remove the vessel while others continue to await passage to transport goods......»»
With the Suez Canal blocked, shippers begin an end run
Seven giant carriers of liquefied natural gas appear to have decided to change course away from the canal. One of these ships, chartered by Royal Dutch Shell, had picked up a cargo of gas at Sabine Pass......»»
Suez Canal could be blocked for weeks, with $10B in shipping traffic per day disrupted: reports
The Suez Canal could be blocked for weeks, with nearly $10 billion worth of disruptions in shipping traffic each day......»»
Oil Soars As Suez Canal Blockage Continues, Megaship "Likely Damaged", Traffic Can"t Pass
Oil Soars As Suez Canal Blockage Continues, Megaship "Likely Damaged", Traffic Can"t Pass.....»»
Suez Canal diverts ships to an old channel after giant vessel Ever Given runs aground, causing week-long delay
Several tugboats are working to free the container ship as authorities investigate what caused the mishap. Ever Give.....»»
The Ever Given"s owner has blamed the Suez Canal Authority for the blockage, saying it wrongly allowed the ship to enter the area during poor weather conditions
Lawyers representing the Ever Given's owner said the ship should have been chaperoned by at least two tug boats, "but this didn't happen." The Ever Given in .....»»