CAIRO, Feb 19 (Reuters) – Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal, adding that there were positive indicators…
Suez Canal
Red Sea Ship Traffic Is Yet to Pick Up as Ceasefire Risks Swirl
Ship traffic through the Red Sea has remained slow in recent weeks despite a prolonged period without attacks from Yemen’s Houthis.
https://gcaptain.com/red-sea-ship-traffic-is-yet-to-pick-up-as-ceasefire-risks-swirl/
Container lines still hesitant about returning to Red Sea
All mainline operators are sticking to detours round the Cape of Good Hope, according to Linerlytica’s analysis.
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https://container-news.com/container-lines-still-hesitant-about-returning-to-red-sea/
Suez Canal Chief Expects Traffic Recovery to Start by End-March
Suez Canal Authority chief Osama Rabie said he expects traffic through the Egyptian waterway to gradually return to normal by late March and fully recover by mid-year, as long as the Gaza ceasefire holds up.
https://gcaptain.com/suez-canal-chief-expects-traffic-recovery-to-start-by-end-march/
First LNG Carrier in Five Months Passes through Bab-el-Mandeb Strait as Houthi Threat Eases
Liquid natural gas producers have been avoiding the Red Sea for much of 2024 amid continuous attacks by Houthi militants. This may now be changing as the first LNG carrier…
Suez Canal Authority pushes for normalization amid Red Sea uncertainty
The Suez Canal Authority (SCA) is working to return operations to normal after months of Houthi attacks turned the Red Sea into a conflict zone.
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https://container-news.com/suez-canal-authority-pushes-for-normalization-amid-red-sea-uncertainty/
Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds
Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week, the Suez Canal said on Monday, in one of the first voyages since the militia announced a halt in attacks on ships not linked to Israel.
https://gcaptain.com/oil-tanker-attacked-last-year-crosses-red-sea-as-houthi-ceasefire-holds/
Egypt Cautiously Optimistic Suez Canal Traffic Will Revive, Minister Says
Egypt is “cautiously optimistic” a ceasefire between Israel and Hamas will eventually translate into a recovery in Suez Canal revenue, which fell at least 60% due to the war, the country’s minister for foreign trade and investment said.
https://gcaptain.com/egypt-cautiously-optimistic-suez-canal-traffic-will-revive-minister-says/
Suez Canal completes expansion to enhance traffic flow
Traffic through Egypt’s Suez Canal has nearly come to a standstill over the past year. However, the Suez Canal Authority recently completed a successful test of a new expansion.
The project adds a ten-kilometer stretch of two-way traffic at the canal’s southern end, significantly enhancing its capabilities, according to DynaLiners.
Once vessel owners and operators resume routing their ships through the Suez Canal, this upgrade will enable the vital global trade artery to accommodate an additional...
https://container-news.com/suez-canal-completes-expansion-to-enhance-traffic-flow/
Analysis: When will ocean carriers return to the Red Sea?
A reported ceasefire in the war between Israel and Hamas has raised speculation about when global container shipping lines could resume regular operations through the Red Sea.
The route is a critical link to the Suez Canal for ships sailing between Asia and the Mediterranean, Europe and North America.
In a wave of attacks that reshaped the global supply chain, Yemen-based Houthi rebels since late 2023 have terrorized merchant vessels they claim are linked to Israel, with drones, missiles and...
https://www.freightwaves.com/news/analysis-when-will-ocean-carriers-return-to-the-red-sea