Latest News for: Suez global


What can Asia learn from the Baltimore port disaster?

Seatrade Maritime News 22 Apr 2024
... it comes to protecting itself - a collision here would be unlikely to bring global trade to its knees as the Suez canal was blockage did in 2021 – costing global trade $400 million per hour.

Gaza: Constructive Chaos for “The New Middle East”

GlobalResearch 22 Apr 2024
To receive Global Research’s Daily Newsletter (selected articles), click here ... Feel free to repost and share widely Global Research articles. Global Research Referral Drive ... The Suez Canal funnels 12% of global trade and 30% of global container traffic.

Red Sea tensions: Container ship transits more than halve, LNG trade nearly halts

Anadolu Agency 19 Apr 2024
“Should the situation develop in a way that all ships stop using the Suez Canal, it is very likely that the global fleet of ships will need to start sailing much faster,” he added.

Cabinet approves Suez Canal Company for Modern Boats free zone establishment

Egypt Today 18 Apr 2024
The Egyptian Cabinet has approved the establishment of the Suez Canal Company for Modern Boats (S.A.E.) as a free zone in a move aimed at boosting the yacht industry and expanding its global presence, ...

Middle East on precipice but world has no appetite for another war

Hindustan Times 17 Apr 2024
... government has plans to drag the world into a global conflict ... Today, Iran is using Shia Houthi rebels to target Israel as well as global commercial shipping in the Suez Canal and Gulf of Aden.

Navigating Troubled Waters: The Economic Impact of Middle East Conflict on Egypt’s Suez Canal

Watan 16 Apr 2024
Since last year, major global shipping companies have halted their operations in the Suez Canal, redirecting ships around the Cape of Good Hope in Africa, adding between 7 to 10 days to voyages, as stated in the report.

Qatar's real GDP growth forecast at 2.1% this year, 3.2% in 2025: World Bank

Gulf-Times 15 Apr 2024
... the Red Sea, but any prolonged disruptions to routes through the Suez Canal could increase commodity prices regionally and globally.The report also looks at rising indebtedness in the MENA region.

Middle East Crisis: Container Ship Hijacked Near Strait Of Hormuz Amid Soaring Iran Tensions

The Liberty Beacon 15 Apr 2024
In a recent note to clients, the global corporate & investment banking capital markets strategy team at MUFG Bank warned the key theme for 2024 would be “Higher friction geopolitics.”.

Opinion: What does Iran really want?

CNN 15 Apr 2024
The goals of the ayatollahs are threefold ... These are the same weapons that the Houthis have been using against ships in the Red Sea, effectively closing the shipping route to and from the Suez Canal and cutting off a critical route for global trade ... .

How Iran's Houthi proxies are preparing for the ultimate war

Israel Hayom 14 Apr 2024
How significant have the Houthi attacks been? Some 12% of global trade, amounting to $1 trillion a year, passes through the Suez Canal ... "The events have led to a 50% drop in the annual revenue of the Suez Canal.

Global trade to rebound by 2.6% in 2024: WTO report 11 Apr 2024
The volume of global trade in merchandise should increase by 2.6 percent this year, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Wednesday.

Global trade growth to rebound this year; geopolitical tensions pose downside risks: WTO forecast

Hindustan Times 10 Apr 2024
"Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by the lingering effects of high energy prices and inflation," the WTO said in a statement.

Iran reminds of ability to close the Strait of Hormuz

SAFETY4SEA 10 Apr 2024
The closing of the Strait could bring great strain to maritime trade in the area and the global supply chain, much like the case of Suez Canal diversions due to Red Sea attacks by Houthis.� ....

Global trade to rebound by 2.6 pct in 2024: WTO report

Xinhua 10 Apr 2024
GENEVA, April 10 (Xinhua) -- The volume of global trade in merchandise should increase by 2.6 percent this year, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Wednesday.

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