• April 12, 2024
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    News
    Ever Given: Egypt agrees deal to release ship that blocked Suez Canal

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

    The value of the goods inside the Ever Given’s 18,000 containers has been estimated at $775m. They include products for large multinational companies like Chinese PC manufacturer Lenovo and Swedish furniture giant Ikea, as well…

    News
    Nearly 2 Weeks After Suez Canal Blockage, Ship Traffic Back To Normal : NPR

    Nearly 2 Weeks After Suez Canal Blockage, Ship Traffic Back To Normal : NPR

    Traffic through the Suez Canal has returned to normal, according to the Canal Authority. Here the Huahine crosses the channel on March 30th in Ismailia, Egypt. Mahmoud Khaled / Getty Images hide subtitles Toggle labeling…

    Business
    Cargo ship blocking Suez Canal partially freed

    Cargo ship blocking Suez Canal partially freed

    The massive cargo ship, which has been blocking the Suez Canal for almost a week, was reportedly partially liberated late Sunday. The maritime service provider Inchcape Shipping tweeted early Monday, local time, that “the MV…

    Business
    Oil Prices Recover on Fears of Prolonged Suez Canal Ship Blockage

    Oil Prices Recover on Fears of Prolonged Suez Canal Ship Blockage

    SECTOR COMMENTS: Energy stocks are off to a higher start, supported by gains in the crude oil complex, while broader equity markets are mixed to trade higher and aim to end the volatile week in…

    News
    Race To Free Giant Ship From Suez Canal Continues : NPR

    Race To Free Giant Ship From Suez Canal Continues : NPR

    Ever Given, a Panama-flagged cargo ship wedged across the Suez Canal, can be seen on Saturday. Tugs and a specialized suction dredger have been working to remove the huge container ship that is blocking an…

    Business
    Why the blockage of the Suez Canal matters for oil prices

    Why the blockage of the Suez Canal matters for oil prices

    The importance of the Suez Canal in Egypt became apparent to all on Wednesday as oil prices rebounded after a cargo ship ran aground blocking the critical bottleneck for oil from the Persian Gulf. Wednesday’s…