The owners and insurers of the Ever Given container ship that blocked the Suez Canal in March said on Sunday a formal settlement had been agreed in a compensation dispute, and the canal authority said the vessel would be allowed to sail on July 7.The Suez Canal Authority (SCA) has held the giant ship and its crew in a lake between two stretches of the waterway since it was dislodged on March 29
Israeli defense officials were checking whether Iranian forces were behind a possible attack on a cargo ship under partial Israeli ownership on Saturday on its way from Jeddah to the United Arab Emirates, Israel's N12 Television News reported.The crew was not hurt and the ship, possibly hit by a missile, was not badly damaged and continued on its journey after the incident, N12 said
The operator of a giant cargo ship that blocked the Suez Canal in March said on Thursday that it would take more time for the vessel to be released from detainment while a final agreement with Egyptian authorities was being concluded.The Japanese owners and insurers of the ship were locked in a compensation dispute with the Suez Canal Authority (SCA)
Canada will allow cruise ships back into its waters starting in November as the COVID-19 pandemic fades, but they must fully comply with public health requirements that have yet to be finalized, Ottawa said on Thursday.Earlier this year, Canada extended a ban on cruise ships until February 2022, citing the need to protect public health.
Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo, Trella operates in Egypt, Saudi Arabia and Pakistan.
A blockade of Sudan's main Red Sea port by a local tribal group and threats of more disruptions have hurt efforts to lift the country out of economic crisis and could push trade flows to another regional route, officials and shipping executives say.Several shipping firms were forced to pause bookings via Port Sudan
DSC Dredge and Deep Diggers Ltd announced the launch of a new 18-inch Shark Class dredge manufactured in Bangladesh.In 2019 U.S.-based cutter suction dredge manufacturer DSC Dredge signed a memorandum of understanding with Deep Diggers Ltd, Bangladesh with a project focus of providing an engineering design and component package.
Egypt's Suez Canal earned revenue of $3 billion in the first six months of 2021, up 8.8% compared with the same period last year, Osama Rabie, the canal authority chairman, said on Sunday.The canal authority will receive a tug boat with a pulling capacity of about 75 tonnes as part of a settlement to release the container ship Ever Given