Latest News for: Suez global


Why Egypt seized cargo ship that blocked Suez Canal

Business Day Online 15 Apr 2021
Egyptian authorities have seized the container ship that blocked the Suez Canal last month in an effort to get over $900 million in compensation for the weeklong shutdown of the waterway ... The insurer said the Suez Canal Authority had rejected its offer to settle the claim.

Arrested Suez ship fit for onward passage, manager says

Hellenic Shipping News Worldwide 15 Apr 2021
The cargo vessel that blocked global shipping in the Suez ...

Biden would do world a favor by dumping Trump’s trade practices

China Daily 15 Apr 2021
Thanks to the efficient value chain and fast global shipping services (many only realized their importance after the grounding of Ever Given in the Suez Canal), families in Anchorage, Alaska can buy decorations for Christmas Eve some 4,461 miles away in Yiwu, east China's ...

Egypt seizes ship that blocked Suez Canal; asks for compensation of about $1bn

Ghana Web 14 Apr 2021
If the owners of the Ever Given cargo vessel that blocked the Suez Canal for almost a week do not pay Egypt’s Suez Canal Authority (SCA) a sum of $916 million, the ship will continue to be held by the North Africa authorities, reports say ... What the Suez Canal means to Egypt and to the world. Over 10% of global trade passes through the Suez Canal.

Egypt Impounds Ever Given Ship Over Suez Canal Compensation Dispute

Egyptian Streets 14 Apr 2021
The Ever Given, the ship which blocked the Suez Canal last month for a period of six days, has been impounded by the Egyptian authorities in the wake of a financial dispute with the ship’s owners ... The blocking of the Suez Canal had caused more than 300 ships to be stranded on both sides of the Suez Canal, resulting in global economic losses.

Stevens: Suez blockage underscores U.S. need for energy independence

Boston Herald 14 Apr 2021
Global trade took a hit when a large container ship became stuck in Egypt’s Suez Canal — one of the busiest waterways in the world and a key trading route — creating major shipping delays and challenges to international trade.

Detained Suez ship ‘fit for onward passage’

Gulf Daily News 14 Apr 2021
The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical manager said yesterday ... The Suez Canal Authority (SCA) said yesterday that negotiations aimed at reaching an agreement “may take some time”.

President Biden to remove U.S. troops from Afghanistan by September 11

Yahoo Daily News 14 Apr 2021
AKIKO FUJITA ... That would be the highest level ... And the container ship that ran aground in the Suez Canal is stuck yet again ... The company's insurer says it has been negotiating in good faith with the Suez Canal authority ... The giant container ship ran aground in the Suez Canal last month, bringing global trade in the Strait to a halt. .

Iran crucial for Chinese plans to safeguard its trade from seas-dominating Washington – ex MI6 ...

Russia Today 14 Apr 2021
The strategic cooperation deal China and Iran sealed last month will have huge ramifications for the future of the entire Eurasian continent, undercutting Western control of global trade, a former MI6 agent told RT ... And the North-South route that passes through Iran and goes south and may bypass the Suez.”.

5 Things To Know On Wednesday, April 14, 2021

WPTV 14 Apr 2021
In this photo released by the Suez Canal Authority, a cargo ship, named the Ever Given, sits with its bow stuck into the wall Wednesday, March 24, 2021, after it turned sideways in Egypt’s Suez Canal, blocking traffic in a crucial East-West waterway for global shipping ... (Suez Canal Authority via AP).

Suez Canal chief: Vessel impounded amid financial dispute

Indian Express 14 Apr 2021
Egyptian authorities impounded a massive cargo vessel that blocked the Suez Canal last month amid a financial dispute with its owner, the canal chief and a judicial official said Tuesday ... Explained .Suez Canal’s bumpy history, and impact on global trade ... COVID-19 pandemic Suez Canal.

Suez Canal blocker’s insane punishment

The Daily Telegraph Australia 14 Apr 2021
The owner of the massive cargo vessel that blocked the Suez Canal – almost triggering a global economic meltdown – is now facing a devastating punishment ....

Charleston-area cannabis farmers see bright future in South Carolina for hemp production

The Post and Courier 14 Apr 2021
When the containership Ever Given blocked the Suez Canal recently, it disrupted the global supply chain, causing price hikes and product shortages ...I’ve always said we would have a global footprint,” he said.

Egypt seizes Ever Given, demands $900M for Suez Canal blockage

New York Post 13 Apr 2021
Suez Canal. Egypt demands huge fee from Ever Given owners after ship blocked Suez Canal ... Egypt has impounded the Ever Given — the massive container ship that blocked the Suez Canal and disrupted global commerce for days — while officials negotiate a hefty compensation payment with the boat’s owner, reports say.