Suez Canal

Two tankers carrying Russian oil have been unable to find buyers in the wake of tougher Western sanctions and have been anchored in the Suez Canal for more than a week.

A Russian-flagged tanker under sanctions has run aground in the Suez Canal due to engine problems.

The Suez Canal is back in the spotlight as its administration makes its first statements about the long-awaited resumption of operations. How are shipowners reacting to the ceasefire and do they plan to return to the usual route in the Red Sea, what are the deadlines for a full return to transit and what will happen to freight rates?

The Suez Canal Administration will increase additional fees for the passage of ships by sea six times.

Due to the crisis in the Red Sea, caused by Yemeni Houthi attacks on civilian vessels, the income of the Suez Canal has almost halved.

Companies that trade in agricultural products and ore demand that shipowners continue operations in the Suez Canal, despite the crisis in the Red Sea.

The supply of wheat through the Suez Canal in the first half of January decreased by almost 40% to 0.5 million tons.

Gas tankers from Russia began to avoid entering the Suez Canal due to the risk of shelling by the Yemeni Houthis.

At the beginning of January 2024, the number of ships that crossed the Suez Canal decreased by 30% – due to the deterioration of the situation in the Red Sea.

Work continues to tow the bulk carrier Glory after it ran aground in the Suez Canal on Monday morning.