A tugboat is pictured during a launching ceremony at the South Red Sea Shipyard in the Red Sea Governorate, Egypt, on April 23, 2025. (Xinhua/Ahmed ...

A main source of foreign currency for Egypt, Suez Canal revenues have sharply plummeted amid Houthi attacks on shipping in ...

The Japanese owner of a massive container ship that blocked the Suez Canal for nearly a week, halting billions of dollars in maritime commerce, is asking owners of the freight it is carrying to ...

The Canal Chief also mentioned that the Suez Canal Authority made efforts to improve services. These include increasing the ...

Aristotle Onassis, the Greek shipping tycoon, played huge role in helping post-WWII Germany's economy through his ...

when over 26,000 ships passed through. Still, canal authority chief Osama Rabie said that the attacks challenge the region ...

Chairman Osama Rabie announced Wednesday that the number of ships passing through the Suez Canal during the first quarter of ...

Egypt’s Suez Canal revenue fell nearly two-thirds in 2024 due to rising regional tensions and conflicts that disrupted vital ...

The canal is a major source of foreign currency for the Egyptian government, with about 10% of world trade flowing through the waterway in recent years. The Suez Canal Authority, which runs the ...

CAIRO (AP) — Egypt's revenue from the Suez Canal plunged by almost ... According to the Egyptian canal authority, only 13,213 ships passed through the canal in 2024, marking a 50% decline ...