Page 17 - Shipping Industry

Suez Canal shipping backlog ends, days after giant vessel freed

The last 61 ships, out of 422 ships that were queuing when the vessel was dislodged on Monday, passed through the vital trade artery on Saturday

Traffic congestion eases further in Suez Canal after ship unblocked

The traffic congestion caused by a cargo ship that blocked the Suez Canal for nearly a week continued to ease on Friday

Egypt may seek $1 bn in damages over lost revenue due to Suez crisis

The figure is a rough estimate of losses linked to transit fees, damage to the waterway during the dredging and salvage efforts, the Suez Canal Authority's chief said

Container vessels to India will lose time window due to Suez traffic

Some bunching at Chennai and JNPT, bulk and liquid vessels to be less impacted

The Suez Canal crisis is over, now it's time to add up the damages

Delays are adding to pressures on fragile global supply chains

Suez Canal races to clear backlog as shipping convoys resume

ISMAILIA, Egypt (Reuters) - The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a week allowed it to reopen, but disruptions to global shipping and at ports could take months to resolve, experts warned.

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

'She's free': Traffic in Suez Canal resumes after stranded ship refloated

Key waterway between Europe and Asia blocked since Tuesday; at least 369 vessels waiting to transit canal

Ship backlogs from Suez chaos could take months to clear: Container lines

Around 30% of the world's shipping container volume - including goods like sofas, consumer electronics, apparel and shoes - moves through the 193 km (120 miles) Suez Canal daily

Ship 'partially refloated', but still stuck in Suez Canal to block traffic

The skyscraper-sized Ever Given is stuck sideways in the crucial waterway, creating a massive traffic jam.

Giant vessel blocking Suez Canal freed, logjam of 450 ships to be cleared

Breakthrough in rescue attempt came after diggers removed 27,000 cubic meters of sand, going deep into the banks of the Suez Canal.

Ship blocking Suez Canal moves slightly, unclear when it will refloat

A Dutch salvage firm is attempting to refloat the vessel with tugboats and dredgers, taking advantage of high tides

Plan made to refloat container ship blocking Suez Canal using tide

The company that owns the giant container ship stuck sideways across the Suez Canal said an attempt will be made to refloat the vessel by taking advantage of tidal movements later Saturday.

Suez Canal steps up efforts to free stuck vessel, Biden offers help

US President Joe Biden said his administration was looking at what it could do to help

Suez Canal blockage: Traffic snarl is making shipping costs skyrocket

It's going to be tough to come up with a single figure that covers everything, and much will depend on how long the massive cargo ship remains stuck in the waterway

Global trade gets rerouted, supply disrupted with Suez Canal still blocked

Swedish furniture giant Ikea and yellow bulldozer-maker Caterpillar Inc. are among the many international companies facing supply-chain headaches

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

The suspension of traffic through the narrow channel linking Europe and Asia has deepened problems for shipping lines that were already facing disruption and delays in supplying retail goods

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