The Business Times

Suez canal

Transport & Logistics

Suez Canal revenue drops as some shippers shun Red Sea

Continued Houthi attacks in the Red Sea have forced shipping companies to take the longer, more expensive route around the Cape of Good Hope.
Companies & Markets

Global shipping prices stabilising in wake of Suez disruption, but at higher level

Egypt – which almost never stages military actions outside its borders – has made clear it fears any regional escalation that may have even graver implications for stability.
International

Egypt grapples with impact of Red Sea hits on Suez Canal revenue

Theoretically, it is slightly faster to go across the Pacific and through the Suez Canal, but the advantage is offset by hefty canal tolls.
International
STRAIT TALK

Global supply chain disrupted; ships taking the long way round

The Suez Canal is used by roughly one-third of global container ship cargo.
Transport & Logistics

Maersk to avoid Red Sea for foreseeable future

A ship crossing the Suez Canal towards the Red Sea on Dec 22. With Houthis targeting vessels in recent weeks, major shipping companies have rerouted their operations.
Companies & Markets

US tries to persuade shippers to sail through Red Sea despite Houthi attacks

Maersk says the schedule remains subject to change based on specific contingency plans that may be formed over the coming days.
International

Maersk schedules dozens of vessels to travel via Suez Canal

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