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HomeSuez Canal

Suez Canal

Egypt Latest News

Egypt approves law amendment to allow sale and lease of Suez Canal’s assets

December 20, 2022 MEO Staff

The Egyptian Parliament has approved a draft law amending some articles of Law 30 of 1975 on the Suez Canal Authority. The amendment aims at establishing a fund belonging to the Suez Canal Authority and [ More … ]

Egypt Latest News

Bloomberg: The Inside Story of the Suez Canal’s ‘Ever Given’

June 29, 2021 MEO Staff

Ever Given’s Six Days in Suez – how the ‘Ever Given’ and its billion-dollar cargo got stuck, got free, got impounded, and got taken to court. On 24 June 2021, Bloomberg published a report by [ More … ]

Egypt Latest News

Egypt begins inquiry into ‘Ever Given’ and SCA Urges ship to Respond

April 2, 2021 MEO Staff

Egypt has begun a formal investigation into how a giant container ship blocked the Suez Canal and disrupted global trade for almost a week. The Suez Canal Authority began an investigation into the causes of [ More … ]

Egypt Latest News

After Suez Canal traffic resumes, oil prices ease

March 29, 2021 MEO Staff

As traffic resumed in the Suez canal after the MV Ever Given, that was blocking it since Tuesday, was freed, global oil prices eased. World oil prices eased on Monday as traffic resumed on the Suez Canal [ More … ]

Egypt Latest News

Suez Canal: Ever Given Giant Vessel refloated after blocking the Canal for nearly a week

March 29, 2021 MEO Staff

Local authorities said the Ever Given was 80% corrected and planned to continue tugging efforts A giant container ship that has blocked the Suez Canal for nearly a week has been refloated, raising hopes that [ More … ]

Egypt Latest News

$10 billion in goods stuck in Suez Canal traffic jam

March 28, 2021 MEO Staff

The container ship Ever Given has been blocking the Suez Canal for days. Economic fallout is already visible, and it could take weeks — and require drastic measures — to free the waterway. Tugboats and [ More … ]

Egypt Latest News

Turkey offers Egypt help to open the Suez Canal passage

March 26, 2021 MEO Staff

Ankara’s offer comes as the two countries have recently moved to repair diplomatic ties The Turkish government has offered to help Cairo in its emergency operations to reopen the Suez Canal, after a massive container [ More … ]

Analysis

Suez Canal blocked by massive container ship Ever Given

March 24, 2021 MEO Staff

One of the largest cargo container ships in the world has turned sideways and blocked all traffic in Egypt’s Suez Canal, threatening to disrupt a global shipping system already strained by the coronavirus pandemic. The MV [ More … ]

Egypt Latest News

Egypt cuts transit fees through Suez Canal by half

August 18, 2017 MEO Staff

The Egyptian government announced on Wednesday (August 16) that transit rates for container vessels in the northern and southern Suez ports will be reduced from between 3 – 50 per cent depending on the number [ More … ]

Egypt Latest News

Suez Canal High Tariffs Led Tankers To Use Other Canals

October 26, 2016 Ahmed Rashed

As al-Sisi government is seeking to secure $12 billion in loans from the International Monetary Fund (IMF) to save its economy, it also needs to deal with a new financial challenge, and is looking at [ More … ]

No Picture
Egypt Latest News

Al-Sisi Rules Egypt As If It Were a Military Camp

July 8, 2016 Ahmed Rashed

During two years in office, Egypt’s general-turned president Abdel-Fattah Al-Sisi has sought to impose a military-style discipline on Egypt after he led a military coup in 2013 against the first democratically elected President Mohamed Morsi. [ More … ]

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Egypt Latest News
January 30, 2023
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