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Category: Suez Canal

  • BYD Xi’an, one of the world’s biggest car carriers, threads through Suez Canal

    BYD Xi’an, one of the world’s biggest car carriers, threads through Suez Canal Chinese plug-in hybrid electric vehicle manufacturer BYD’s roll-on/roll-off (RoRo) car carrier BYD Xi’an, hailed […] The post BYD Xi’an, one of the world’s biggest car carriers, threads through Suez Canal appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Jackup barge sinks in Gulf of Suez, four dead

    Jackup barge sinks in Gulf of Suez, four dead Four crew members died after a jackup barge owned by Saudi oil and gas driller ADES capsized on Tuesday evening, some 300 km south of the Suez Canal. Egyptian authorities said that the incident happened off Ras Ghareb, located on the African side of the Gulf…

  • Op-Ed: Navigating opportunities in the 2025 insurance market

    Op-Ed: Navigating opportunities in the 2025 insurance market By Simon de Burgh Codrington, Managing Director, Risk Strategies The marine insurance industry continues to navigate uncertain waters in 2025. Prices in the global marine cargo market are starting to ease. Importers and exporters now have more room to negotiate. Still, cargo theft is a growing problem,…

  • Suez Canal offers discount in bid to lure boxships back

    Suez Canal offers discount in bid to lure boxships back Egypt’s Suez Canal will offer a 15% discount for the next three months on transit fees for containerships of approximately 13,500 teu and above in terms of capacity, to encourage trade back, with recent headlines suggesting the Red Sea shipping crisis is coming to a close. The…

  • Combining industry, maritime transport and logistics, UAE and Egypt to develop East Port Said Industrial Zone

    Combining industry, maritime transport and logistics, UAE and Egypt to develop East Port Said Industrial Zone UAE-based port operator AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE) have signed a 50-year renewable usufruct agreement to develop and operate a 20-square-kilometer industrial and logistics park near the Egyptian coastal city of…

  • More tankers and dry bulk carriers turn away from the Red Sea

    More tankers and dry bulk carriers turn away from the Red Sea While there have been no attacks by the Houthis from Yemen on merchant shipping this year, shipowners are still giving the Red Sea a wide berth to the consternation of the Suez Canal Authority. Indeed, for shipping’s two largest sectors, the number of…

  • Ripe for return: As Red Sea tensions subside, Suez Canal prepares for ‘full-scale’ revival

    Ripe for return: As Red Sea tensions subside, Suez Canal prepares for ‘full-scale’ revival With security in the Red Sea gradually improving, the Suez Canal is gearing up […] The post Ripe for return: As Red Sea tensions subside, Suez Canal prepares for ‘full-scale’ revival appeared first on Offshore Energy. Sara Kosmajac Go to offshore…

  • Suez Canal blockage caused Maersk to face $89M loss, increased CO2 emissions

    Suez Canal blockage caused Maersk to face $89M loss, increased CO2 emissions The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for Danish shipping giant Maersk Line, a new study found. The post Suez Canal blockage caused Maersk to face $89M loss, increased CO2 emissions appeared first on Offshore Energy. Naida…