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GURUGRAM, India, Aug. 11, 2021 /PRNewswire/ -- Key Findings E-Commerce penetration in Australia increased to 10% by December 2020, although the global average is around 14.1% showcasing
An Egyptian court on Saturday postponed a hearing in a compensation case filed by the Suez Canal authority against the owners of a container ship that blocked the canal for six days in March, giving the sides more time to negotiate, legal sources said.
By Reuters Staff 1 Min Read FILE PHOTO: The Suez Canal connecting the Mediterranean Sea to the Red Sea is pictured from the window of a commercial plane flying over Egypt, December 18, 2019. Picture taken December 18, 2019. REUTERS/Lucas Jackson CAIRO (Reuters) - A container ship broke down in the Suez Canal on Friday but was refloated and repaired with no impact on traffic in the waterway, the Suez Canal Authority (SCA) said. The 353-metre (1,158-foot) Maersk Emerald experienced sudden engine failure near Ismailia during its passage southwards through the canal but was refloated by tugs and...
By Reuters Staff 1 Min Read CAIRO, May 20 (Reuters) - Egypt’s Suez Canal Authority said on Thursday its revenues in April were $552 million compared with $476 million in the same month last year. The canal’s authority said 1,814 ships transited in April, up from 1,731 ships in the same month last year. A massive container ship blocked the waterway in late March causing a huge backlog of vessels waiting for passage in what is the fastest shipping route between Europe and Asia. (Reporting by Yusri Mohamed; Writing by Nadine Awadalla; Editing by Chris Reese)
Shipping flows on Asia-Europe routes will only return to normal during the third quarter of 2021 after the coronavirus crisis and a vessel blockage in the Suez Canal caused delays early this year, the head of Hapag-Lloyd said on Wednesday.