The 'Rubymar', a cargo ship, sank in the Red Sea late Saturday ... incurring additional time and fuel costs compared to the route via the Suez Canal and the Red Sea.

ISMAILIA, Egypt--The Japanese owner of a skyscraper-sized cargo ship wedged across Egypt’s Suez Canal has apologized for the incident that’s imperiling global shipping. Shoei Kisen apologized ...

Suez Canal blockage resulted in a loss of nearly $89 million for the shipping company Maersk Line. This is revealed in a new ...

The Suez Canal is prepared to operate at maximum capacity, welcoming maritime services from major shipping lines, as global ...

An analyst for a shipping hedge fund explained that the spike is connected to fears surrounding the continued operations of the Suez Canal ... of the cargo and fuel that the ship carries.

CAIRO--Eight tug boats were attempting on Wednesday to free a 400m (440-yard) long container ship that ran aground in the Suez ... the canal re-opens, this will mean that the delayed cargo will ...

A container ship which was hit by strong wind and ran aground is pictured in Suez Canal, Egypt March 24, 2021. [Reuters] A container ship blocking the Suez Canal like a "beached whale" sent new ...