Latest News for: Suez deal

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Middle East economic powers gamble on new realities, from oil demand to Egypt’s future

Al Monitor 29 Feb 2024
The move should help pave way for a new deal with the International Monetary Fund (IMF), with these Emirati inflows key to providing Cairo with a buffer to navigate another devaluation of the pound at ...
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Red Sea crisis highlights need for further trade routes, UAE minister says

The National 29 Feb 2024
He said that it would take a bit longer to go back to the normal supply and demand balance ... Morgan Stanley expects deal flow to continue as Mena economies maintain momentum. Suez Canal shipping volumes drop 55% in a week as Red Sea crisis continues.
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China, Egypt ink deal to exhibit ancient Egyptian relics in Shanghai

People Daily 27 Feb 2024
The selected pieces were taken from several museums in Cairo, Suez, Luxor and Ismailia cities as well as warehouses of the Supreme Council of Antiquities. The deal was signed by Chu Xiaobo, director of ...
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The fine art of capturing the lesser spotted freight rate increase

Seatrade Maritime News 21 Feb 2024
“Shippers should consider only signing three-month deals or adding a ‘return to Suez rate’ to the contract to cover this eventuality,” said Hookham ... Drewry argues that unlike some analysts it deals in ...
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Far East, US shipping costs soar by 150%

The Manila Times 20 Feb 2024
Emily Stausbøll, Xeneta market analyst, said, "Unlike during Covid-19 when disruption continued to wreak havoc, shippers and carriers now know what they are dealing with in terms of ships being diverted around Africa to avoid the Suez Canal." ... ....
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Shipping in the Year of the Dragon: Containers

Splash24/7 20 Feb 2024
“Unlike during covid-19 when disruption continued to wreak havoc, shippers and carriers now know what they are dealing with in terms of ships being diverted around Africa to avoid the Suez Canal ... .
photo: Creative Commons / Photo by Adam Nir on Unsplash
A closeup of a US hundred dollar bill (Benjamin Franklin side)
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The dollar is back. It’s not all good news

CNN 09 Feb 2024
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$1 million in extra costs and weeks of delays. How the Red Sea crisis is upending ...

CNN 08 Feb 2024
There has been an “almost wholesale exodus” of larger container ships from the Red Sea and the adjoining Suez Canal, Richard Meade, editor-in-chief of shipping publication Lloyds List, told CNN ... That exodus is a big deal.
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$1 million in extra costs and weeks of delays. How the Red Sea crisis is ...

Auburnpub dot com 08 Feb 2024
There has been an “almost wholesale exodus” of larger container ships from the Red Sea and the adjoining Suez Canal, Richard Meade, editor-in-chief of shipping publication Lloyds List, told CNN ... That exodus is a big deal.
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IMF chief says global economy shows positive momentum, warns of risks

China Daily 03 Feb 2024
On the shipping disruptions in the Middle East, the IMF chief said that in January, cargo passing to the Suez Canal dropped by 43 percent from a year earlier, dealing a blow to the economy of relevant economies ...
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