CAIRO, Jan 31 (Reuters) - Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take ...

CAIRO (Reuters) - The Suez Canal Authority's chairman, Osama Rabie, said on Monday that navigational maps for the planned 10km (6.2 mile) canal extension were issued. Rabie's statement said that ...

CAIRO (Reuters) - Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into ...

FILE PHOTO: Osama Rabie, Chairman of the Suez Canal Authority, speaks during a news conference, in Suez, Egypt February 15, 2022. REUTERS/Mohamed Abd El Ghany/File Photo UPDATED Jan 31, 2025, 07:14 PM ...

Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning ...

Egypt is unlikely to reduce transit fees through the Suez Canal to incentivise passage through the Red Sea, he said, adding that efforts will likely be made to enhance operational efficiency in ...

The 2021 Suez Canal blockage resulted in a $89 million loss for Maersk Line, primarily due to inventory holding costs. The incident highlighted vulnerabilities in global supply chains and ...

Suez Canal transit revenues also declined sharply by 61.2 percent to $931.2 million in Q1 FY 2024/2025, down from $2.4 billion during the same period last year.

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

The famous Suez Canal often receives worldwide recognition but Europe's version is no less impressive. The Canal du Midi in the south of France is an extraordinary feat of engineering, history ...

Turkey's ambitious £20 billion Istanbul Canal project aims to reshape global shipping and solidify its position as a key player in maritime trade. Dubbed the “mini Suez,” the artificial ...