Suez Canal
Passage through the Suez Canal becomes six times more expensive for some vessels
The Suez Canal Administration will increase additional fees for the passage of ships by sea six times.
The revenues of the Suez Canal fell in half due to the crisis in the Red Sea
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.
Charterers are trying to force ship owners not to bypass the Suez Canal
Companies that trade in agricultural products and ore demand that shipowners continue operations in the Suez Canal, despite the crisis in the Red Sea.
Crisis in the Red Sea: supplies of wheat through the Suez Canal have decreased
The supply of wheat through the Suez Canal in the first half of January decreased by almost 40% to 0.5 million tons.
Russian ships avoid the Suez Canal for fear of shelling
Gas tankers from Russia began to avoid entering the Suez Canal due to the risk of shelling by the Yemeni Houthis.
Suez Canal revenue fell by 40% due to fighting in the Red Sea
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.
A bulk carrier with Ukrainian grain ran aground in the Suez Canal
Work continues to tow the bulk carrier Glory after it ran aground in the Suez Canal on Monday morning.
There is a daily traffic record in the Suez Canal
A record 112 ships passed through the Suez Canal during one day — 18% more than the previous record set on November 7.
Carriers eye $100bn profits and are ‘set up for years in a truly crazy market’
Ocean carriers could be on course to make a profit of $100bn this year.
