Egypt has plenty of financial incentive to coax more shipping companies into making a Red Sea return. In 2024, the Suez Canal saw $7 billion in losses due to the lack of traffic passing through.

for a preliminary feasibility study on the possible construction of a canal seaway across Israel linking the Mediterranean port of Ashdod with the Red Sea port of Eilat, it was reported here today.

CMA CGM has “reshuffled” a handful of Red Sea services and will continue to use the Suez transit despite the escalating ...

as some shippers chose alternative routes in order to avoid being attacked by Houthis who are aligned with Iran in the Red Sea. Osama Rahbie, head of the Egyptian Canal Authority said that ...

Suez Canal Chief Says Red Sea Crisis Did Not Create Sustainable Route to Replace Canal CAIRO (Reuters) -Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not ...

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 ...

Their attacks have halved traffic through the region, cutting deeply into revenues for Egypt, which runs the Suez Canal linking the Red Sea to the Mediterranean. “The ceasefire is considered ...

The parting of the Red Sea is one of the most famous events of the Old Testament (Exodus 14): ...

Cambodia has launched a controversial canal project to link the Mekong River to the sea. Work on the $1.7bn project kicked off on Monday. Phnom Penh hopes the canal will boost the country’s economy.

Their attacks have halved traffic through the region, cutting deeply into revenues for Egypt, which runs the Suez Canal linking the Red Sea to the Mediterranean. “The ceasefire is considered ...