Page 13 - Global Trade

Traffic in Egypt's Suez Canal resumes after stranded ship refloated

With the 400-metre-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie said

Giant container ship blocking Suez Canal finally freed after 6 days

Data estimates say it could take more than 10 days to clear the backlog of ships with more than 367 vessels piled up on either end of the canal

Oil rises on hopes of stable OPEC+ output, fears of long disruption at Suez

Brent oil rose 58 cents, or 0.9%, to $65.15 a barrel by 1048 GMT. U.S. crude was up 40 cents, or 0.7%, at $61.37 a barrel

Egypt's Suez Canal blockage adds to pressure points in global trade

Delays in freeing a mammoth container ship stuck in Egypt's Suez Canal have highlighted still more pressure points in global trade, a year after supply chains were disrupted by the pandemic

Insurance companies on hook for millions tied to Suez Canal crisis

Two tugboats speed to the canal, dredgers have shifted 27,000 cubic metres of sand

Suez Canal ramps up efforts to end blockage, US watching energy mkt impact

CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains for everything from grains to baby clothes.

Centre chalks out four-point strategy to clear Suez Canal blockage

According to the government's assessment, total backlog at the waterway is likely to be cleared in a week' time

A ship stuck in Suez

On Tuesday morning, the container ship Ever Given ran aground while navigating the Suez Canal. It swung sideways, blocking almost the entire channel. It hasn't been refloated yet

Maritime traffic jam grows outside blocked Suez Canal

A maritime traffic jam grew to more than 200 vessels Friday outside the Suez Canal and some vessels began changing course

Suez Canal steps up efforts to remove blockage, shipping rates surge

CAIRO (Reuters) - The Suez Canal stepped up efforts on Friday to free a stuck mega vessel, after an earlier attempt failed to end a blockage that has lifted shipping rates for fuel tankers and disrupted global supply chains for everything from grains to baby clothes.

The Suez Canal: A vital oil transit route with an ancient history

The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.

Oil prices recover some ground on fears Suez blockage may last weeks

Oil reversed a sharp sell-off a day earlier to rise 1% on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude

Suez blockage sets shipping rates racing, oil and gas tankers diverted away

Reeling from the blockage in the Suez Canal, shipping rates for oil product tankers have nearly doubled this week, and several vessels were diverted away from the vital waterway

Suez Canal could be blocked for weeks by stuck 'beached whale' ship

A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel in a new setback for global trade

Stuck cargo ship in Egypt's Suez Canal imperils shipping worldwide

A skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping as at least 150 other vessels needing to pass through idled waiting for the obstruction to clear

Suez Canal snarled with giant ship stuck sideways in top trade artery

At 400 meters in length, the vessel that was built in Japan about three years ago is longer than the Eiffel Tower laid on its side

US stimulus effect to be felt beyond its shores

The package takes pandemic-related spending in the US to over $6 trillion since the start of the crisis.

Biz leaders see trade recovering from Covid faster than 2008 crisis: Study

Firms reallocating a third of their revenue from the first half of 2020 to re-modelling their supply chains

Global cargo logjam deepens, delaying goods bound for retailers, automakers

A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening pandemic has upended normal trade flows

India's exports fell 9% in Nov, in second straight month of decline

Outbound shipments in November this year stood at $23.43 billion, against $25.77 billion in the same month a year earlier