suez-canal

Suez Transits Remain Down Despite No Attacks

Though Houthis rebels declared an end to their attacks on ships transiting the Suez Canal on Nov. 18, traffic has not significantly increased, said Niels Rasmussen, chief shipping analyst at BIMCO. Traffic for the first week of 2026 tracked 60 percent below the corresponding week in 2023, when ships began diverting around the Cape of Good Hope, he said. Lloyd’s List said the Houthis have been 99 attacks or hijacking of ships ... [+]

Suez Canal Surcharge announced

SCOPE: UNITED STATES TO ALL DESTINATION VIA THE SUEZ CANALEffective May 25th, 2022The Suez Canal Authorities have decided to increase the toll fee. Therefore, MSC is compelled to increase the Suez Canal Surcharge (SCS) for all shipments originated in the USA going via the Suez Canal.• SCS 60 USD per ... [+]

Grounded Vessel in Suez Canal Creates Havoc for Global Shipping

Shipping continues to face the perfect storm and now with the massive container ship Ever Given blocking the Suez Canal, global shipping and supply chain concerns have become even more critical. Ever Given is a 20,000 TEU-class container ship, currently leased by Evergreen Marine Corp. under a time charter agreement ... [+]