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  • Suez Canal may expand southern channel, chairman says Apr 06, 2021 08:53 PM IST

    Suez Canal may expand southern channel, chairman says

    The 400-metre-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high winds on March 23. It remained stuck for six days, preventing hundreds of ships from passing and significantly impacting global trade flows.

  • Suez Canal shipping backlog to end on Saturday: Canal authority Apr 03, 2021 04:06 PM IST

    Suez Canal shipping backlog to end on Saturday: Canal authority

    International supply chains were thrown into disarray when the 400-metre-long (430-yard) Ever Given ran aground in the vital trade artery on March 23, with specialist rescue teams taking almost a week to free her after extensive dredging and repeated tugging operations.

  • Traffic jam eases further in Suez Canal after ship unblocked Apr 02, 2021 08:54 PM IST

    Traffic jam eases further in Suez Canal after ship unblocked

    Leth Agencies said that a total of 357 vessels have crossed the Canal since the ship was re-floated by a flotilla of tugboats, helped by the tides.

  • Why the world’s container ships grew so big Mar 31, 2021 04:43 PM IST

    Why the world’s container ships grew so big

    The Suez Canal crisis was short, but was years in the making

  • After The Bell: Analysts eye 15,000 for Nifty, what should investors do on Wednesday? Mar 30, 2021 05:21 PM IST

    After The Bell: Analysts eye 15,000 for Nifty, what should investors do on Wednesday?

    The index has to continue to hold above 14,750 to move towards 15,000 and 15,100, while on the downside, support exists at 14,600 and 14,500 levels, say experts.

  • One virus, one stuck ship spark global trade rethink Mar 30, 2021 04:12 PM IST

    One virus, one stuck ship spark global trade rethink

    Against this backdrop, governments and businesses alike are bringing production back home where it may be more expensive but at least is more secure.

  • After Suez Canal blockage, Ever Given's Indian crew might face legal consequences: Report Mar 30, 2021 02:50 PM IST

    After Suez Canal blockage, Ever Given's Indian crew might face legal consequences: Report

    The blockage at the Suez Canal disrupted global trade, causing losses worth billions. About 15 percent of world shipping traffic transits the Suez Canal, according to a Reuters report.

  • Suez Canal chaos: Ship backlogs from Evergreen's blockage could take months to clear, container lines say Mar 30, 2021 08:26 AM IST

    Suez Canal chaos: Ship backlogs from Evergreen's blockage could take months to clear, container lines say

    The United Kingdom Maritime Trade Operations naval authority said separately that ships diverting around Africa could mean that more traffic passes through high risk areas where pirate gangs operate.

  • Twitter tries app that lets you place Suez-blocking ship anywhere in the world; check out the results here Mar 29, 2021 10:23 PM IST

    Twitter tries app that lets you place Suez-blocking ship anywhere in the world; check out the results here

    Amidst the terrible situation that held up traffic and slowed global trade, a new web application has surfaced on social media, that lets users visualise what the ship would look like when stuck in different places.

  • Shipping tariff rates may remain high despite Suez Canal traffic resumption Mar 29, 2021 08:14 PM IST

    Shipping tariff rates may remain high despite Suez Canal traffic resumption

    Tariffs are expected to remain elevated as the vessels that have been diverted already will need to be re-scheduled into the international shipping timelines, analysts have said.

  • Suez Canal traffic resumes as stranded container ship dislodged Mar 29, 2021 07:12 PM IST

    Suez Canal traffic resumes as stranded container ship dislodged

    The ship is currently on its way to Great Bitter Lake, according to Leth Agencies, which is a transit agent at the Suez Canal.

  • Traders relieved as ship blocking Suez refloated, say next week crucial in establishing normal traffic Mar 29, 2021 04:14 PM IST

    Traders relieved as ship blocking Suez refloated, say next week crucial in establishing normal traffic

    Indian exporters and importers have heaved a sigh of relief over news reports that the MV Ever Given, which has been blocking the Suez Canal for nearly a week now, is refloated.

  • Even after Suez Canal is cleared, ending backlog of will take time Mar 29, 2021 02:41 PM IST

    Even after Suez Canal is cleared, ending backlog of will take time

    Shipping analysts estimated the colossal traffic jam was holding up nearly $10 billion in trade every day.

  • EXCLUSIVE | Suez Canal operations may restart today, ship to be fully floated in 5 hours Mar 29, 2021 01:57 PM IST

    EXCLUSIVE | Suez Canal operations may restart today, ship to be fully floated in 5 hours

    Around 18,829 ships passed through the canal carrying around 1.17 billion tonnes of cargo.

  • Ever Given turned 80% in 'right direction': Egypt Canal Authority Mar 29, 2021 01:24 PM IST

    Ever Given turned 80% in 'right direction': Egypt Canal Authority

    Over 300 ships are currently waiting to travel through the canal.

  • Oil slumps as Suez Canal container ship starts to move Mar 29, 2021 01:14 PM IST

    Oil slumps as Suez Canal container ship starts to move

    Brent oil was down $1.19, or 1.8%, at $63.38 a barrel by 0658 GMT. U.S. crude fell $1.34, or 2.2%, to $59.63 a barrel.

  • In pics | Stranded container ship Ever Given refloated Mar 29, 2021 01:06 PM IST

    In pics | Stranded container ship Ever Given refloated

    The massive container ship blocking the Suez Canal for almost a week has been turned 80 percent in the right direction, officials said on Monday, raising hopes the vital trade route could soon be clear. The website vessel finder has changed the status of the ship to under way.

  • Before the Ever Given: A look at the crises that closed Suez Canal Mar 29, 2021 12:29 PM IST

    Before the Ever Given: A look at the crises that closed Suez Canal

    Here’s a look at some major incidents that have closed or threatened the bottleneck in the past.

  • Suez Canal: Stranded container ship Ever Given refloated Mar 29, 2021 09:43 AM IST

    Suez Canal: Stranded container ship Ever Given refloated

    The Suez Canal Authority had earlier said in a statement that tugging operations to free the ship had resumed.

  • At the Suez, Hoping a Rising Tide Will Lift a Boat 4 Football Fields Long Mar 28, 2021 03:54 PM IST

    At the Suez, Hoping a Rising Tide Will Lift a Boat 4 Football Fields Long

    Canal authorities said Saturday that dredgers had managed to dig out the rear of the ship Friday night, freeing its rudder, and that by Saturday afternoon, they had dredged 18 meters down into the canal's eastern bank, where the ship’s bow was stuck solid. But after a salvage team failed once more to dislodge the four-football-field-long leviathan from the sand bank where it ran aground Tuesday, blocking all shipping traffic through the canal, global supply chains churned closer to a full-blown crisis.

  • Suez Canal blocked intact as efforts to refloat giant ship fail on March 27 Mar 28, 2021 10:10 AM IST

    Suez Canal blocked intact as efforts to refloat giant ship fail on March 27

    Although strong tides and winds complicated efforts to free the ship, the tugboats managed to move it 30 degrees in two directions.

  • Beleaguered Syria suffers also due to Suez Canal closure Mar 27, 2021 08:42 PM IST

    Beleaguered Syria suffers also due to Suez Canal closure

    A giant container ship remained stuck sideways in the Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping.

  • MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter Mar 27, 2021 04:57 PM IST

    MC Exclusive | Suez Canal container ship partly refloated, authorities line up plans to clear traffic jam, says letter

    The mega container Ever Given got wedged on March 23 in a single-lane stretch of the canal near the city of Suez, about 6 kilometres north of the southern entrance of the canal.

  • Concerns grow as 20 ships carrying livestock stuck in Suez Canal jam: Report Mar 27, 2021 03:09 PM IST

    Concerns grow as 20 ships carrying livestock stuck in Suez Canal jam: Report

    Pointing to the health risk to animals—dehydration, injuries, starvation, etc— and crew, who would be unable to get rid of dead animals in the Canal, experts have described the situation 'ticking biohazard time bomb'.

  • Suez Canal blockage exacerbating already strained global supply chains: Report Mar 27, 2021 12:34 PM IST

    Suez Canal blockage exacerbating already strained global supply chains: Report

    The exacerbated impact comes at a time of “unprecedented demand” as the Canal handles 12 percent of global trade.

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