All the updated news related to suez canal

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World

Egypt raises transit fees for ships passing through Suez Canal

Cash-strapped Egypt increased transit fees for ships passing through the Suez Canal, one of the world’s most crucial waterways, with hikes of up to 10%, officials said. The Suez Canal Authority said on its website the increases were “in line with ...

01 Mar 2022 at 11:55

Coffee prices to keep rising for at least another year, Lavazza warns

UK consumers will not see soaring coffee prices drop until the middle of next year at the earliest as “very challenging headwinds” continue to batter the industry, Lavazza has warned. The Italian coffee giant’s group chairman, Giuseppe Lavazza, ...

10 Jul 2024 at 10:37

Sunak: Houthis must stop ‘illegal and unacceptable attacks’

Rishi Sunak has said the UK would not hesitate to launch further air strikes against the Iran-backed Houthi rebels if attacks on shipping continued. Royal Air Force jets took part in a second wave of joint US-UK action against the Yemen-based ...

23 Jan 2024 at 14:20

Air strikes send ‘clearest possible message’ to Houthis, says Cameron

The latest round of UK and allied strikes against Houthi targets was designed to “send the clearest possible message” to the rebels that attacks on cargo ships are “unacceptable”, the Foreign Secretary said. Britain joined the US in carrying ...

23 Jan 2024 at 11:48

World

Ship runs aground in Suez Canal

A Hong Kong-flagged ship briefly ran aground in Egypt’s Suez Canal – momentarily disrupting the vital waterway. The Xin Hai Tong 23 got into trouble at the southern mouth of the canal on Thursday, tracking data showed. Leth Agencies, which ...

25 May 2023 at 07:56

World

Suez Canal chief says April revenues hit all-time record

Bosses of Egypt’s Suez Canal said on Sunday that its monthly revenues hit an all-time record in April, raking in 629 million US dollars (£500 million). The unprecedented income came after transit fees for ships passing through the ...

01 May 2022 at 12:55

City

Model trains maker Hornby says sales hit by Red Sea shipping delays

Model trains maker Hornby has said some deliveries have been delayed as a result of shipping attacks in the Red Sea. Margate-based Hornby, a more than 100-year-old business which specialises in toys and collectibles, said its ...

22 Apr 2024 at 12:20

City

Ship traffic through Suez Canal plunges by two thirds after Red Sea attacks

Ship traffic through the Suez Canal plunged by two thirds at the start of the month, according to new data which shines a light on the impact of disruption in the Red Sea on global trade amid heightened geopolitical tensions....

24 Apr 2024 at 11:10

City

Red Sea attacks: What has happened and what does it mean for prices?

Global shipping firms have continued to pause shipments through the Red Sea after attacks on commercial vessels have caused weeks of disruption along the important trade route. The boss of fashion chain Next said on ...

04 Jan 2024 at 17:08

Red Sea: Why is it important to trade and could crisis increase prices?

The UK and allies have launched their latest round of air strikes against Houthi rebels in Yemen after weeks of attacks on international shipping in the Red Sea. Foreign Secretary David Cameron said the attacks are ...

23 Jan 2024 at 11:38

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