Suez Canal News Monitoring

Egypt’s Suez Canal revenues go down by 61% to $3.9 billion in 2024 due to Red Sea tensions

Suez Canal Authority (SCA) Chairman Osama Rabie during the SCA’s "Excellence Day" celebration on April 16, 2025- press photo CAIRO – 17 April 2025: The Suez Canal’s revenues decreased by 61 percent to $3.991 billion in 2024 from $10.250 billion …

Egypt's Suez Canal sees return of 264 ships rerouted from Cape of Good Hope since February

Egypt - A total of 264 ships have diverted from the Cape of Good Hope to the Suez Canal since February 1st, according to an announcement by Chairman of the Suez Canal Authority (SCA) Osama Rabie. This came as the SCA intensifies efforts to strengthen ties …

World News | Egypt's Revenue from Suez Canal Plunged Sharply in 2024

Cairo, Apr 17 (AP) Egypt's revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East that have impacted traffic through the key waterway. …

Egypt's revenue from Suez Canal plunged sharply in 2024

Egypt's Suez Canal revenue plummeted by nearly two-thirds in 2024, reaching $3.991 billion, a sharp decline from $10.25 billion in 2023. This drop is attributed to regional conflicts, particularly Houthi attacks on ships in the Red Sea, which …

Yemeni rebels cause traffic through Egypt’s Suez Canal to collapse

Speaking to Al-Qahera News television, the head of the Suez Canal Authority (SCA), Osama Rabie, stressed that these raids, in solidarity with the population of the Gaza Strip, forced many ships to divert their trajectory. In this regard, he recalled that …

Suez Canal Revenues Plunge 61 Percent due to global escalation

CAIRO - 16 April 2025:  Suez Canal revenues experienced a steep drop of 61 percent in 2024, falling to $3.9 billion compared to $10.2 billion the previous year, according to Osama Rabie, Chairman of the Suez Canal Authority (SCA). The announcement was made …

Navigation through Suez Canal sees improvement in March: canal chief

ISMAILIA, Egypt, April 16 (Xinhua) -- Suez Canal Authority (SCA) Chairman Osama Rabie said on Wednesday there is a slight improvement in navigation through the canal during March. The number of ships passing through the canal in March increased by 2.4 …

Suez Canal Aquaculture Company, Tejedor Lázaro Group ink cooperation deal

Egypt’s Prime Minister Mostafa Madbouly attended the signing of a Memorandum of Understanding (MOU) between the Suez Canal Fish Farming Company and Spain’s Tejedor Lázaro Group, aiming to enhance cooperation in fisheries and aquaculture. The signing …

Egypt's revenue from the Suez Canal plunged sharply in 2024

CAIRO (AP) — Egypt's revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East that have impacted traffic through the key waterway. The …

Egypt’s revenue from the Suez Canal plunged sharply in 2024

EU Amb. Makes 1st Official Visit to Ismailia, Suez Canal

Wed 16 Apr 2025 | 02:16 PM On her first official visit to Ismailia, Ambassador Angelina Eichhorst, Head of the European Union Delegation to Egypt, met with Admiral Osama Rabie, Chairman of the Suez Canal Authority, to explore opportunities for cooperation …

Egypt Suez Canal

Egypt highlights improved navigation security in Red Sea at Suez Canal celebration

Egyptian Prime Minister Mostafa Madbouly delivers a speech during a celebration for the Suez Canal Authority (SCA) to showcase the efforts made over the past decade to enhance the Suez Canal - Cabinet CAIRO – 16 April 2025: Prime Minister Mustafa Madbouly …

EU Ambassador Reaffirms Strong Ties with Egypt

In her first official visit to Ismailia city, European Union (EU) Ambassador to Egypt, Angelina Eichhorst expressed her great pleasure at being in this historic city, home to one of the world’s most important maritime passages. She emphasized that this …

This Private Company Wants To Build Autonomous, Crewless Ships Sailed By AI

The high seas haven’t been this sketchy since the Golden Age of Piracy. To navigate these tricky waters, a US-based tech start-up called Blue Water Autonomy is promising to “usher in” a new era of autonomous ships. They’ve just received $14 million in seed …

Egypt: SCZone’s revenues grow 40% to $168mln by end of March 2025

Arab Finance: The Suez Canal Economic Zone (SCZone) reported EGP 8.6 billion in revenues by the end of March 2025, marking a 40% increase over the same period of the previous fiscal year (FY) and nearly 10% above budget expectations, as per a statement. …

Military Refuses to Provide Details About Ongoing Bombing Campaign in Yemen

More than a month after announcing an indefinite bombing campaign against Houthi rebels in Yemen, the Defense Department has offered little information and the command overseeing the campaign is refusing to answer even basic questions on what U.S. forces …

One dead in suspected US strike in Yemen’s Sanaa: Huthi media

SANAA (AFP) – Yemeni rebel media said one person was killed in a United States (US) strike on Sanaa on Wednesday, accusing Washington of launching more than a dozen air raids on the Huthi-held capital. Rebel-held areas of Yemen have endured near-daily …

"New grape varieties are steadily gaining ground in India"

The Indian grape season is in full swing. "We are now entering the final packing week, but with the Suez Canal still closed, arrivals will continue until mid-May," says Jaap den Boer of Olympic Fruit. He is positively surprised by the Indian …

PraxiChain Launches Advanced Supply Chain Design Solution for Industrial Clients

PraxiChain, a leading industrial supply chain & logistics consultancy, has launched its comprehensive supply chain design solution for industrial companies. CHICAGO, IL, UNITED STATES, April 17, 2025 /⁨EINPresswire.com⁩/ -- PraxiChain Launches …

Optimizing compressor availability with the new module ‘Predictive Intelligence’ for PROGNOST®-NT

As the first mover in the market, BC is able to support operators of reciprocating compressors by predicting the remaining useful lifetime of their assets. WINTERTHUR, SWITZERLAND, April 17, 2025 /⁨EINPresswire.com⁩/ -- Digital solutions are proven to be …

Indonesia’s Pharmaceutical Cold Storage Market Gathers Momentum with 8.78% Export Surge and Vaccine Storage Demand

Indonesia sees strong growth in pharma cold storage, driven by an 8.78% export rise, vaccine storage demand, and increased foreign investments MUMBAI, MAHARASHTRA, INDIA, April 17, 2025 /⁨EINPresswire.com⁩/ -- Indonesia’s pharmaceutical cold …

Nonprofits & Teachers Can Avoid Tariffs & Receive New Donated Merchandise

Nonprofits & teachers have more motivation than ever to consider obtaining goods from a gifts-in-kind organization. GALESBURG, IL, UNITED STATES, April 17, 2025 /⁨EINPresswire.com⁩/ -- Companies that import manufactured goods from overseas are …

Intelligent Eyes on the Warehouse Floor: IPTECHVIEW Launches Next-Gen Video AI for Distribution and Logistics

Dallas-based IPTECHVIEW launches a cloud Video AI for warehouses, boosting safety, efficiency, and oversight with 20+ years of industry expertise. DALLAS, TX, UNITED STATES, April 8, 2025 /⁨EINPresswire.com⁩/ -- IPTECHVIEW, a Dallas-based …

Current Drives Rideshare Growth and Access to EV Charging Infrastructure, Service Solutions Provided by InCharge Energy

Current, leading EV infrastructure investor, teams up with InCharge, leading provider of EV charging, software & service, to expand charging, rideshare access. MORRISTOWN, NJ, UNITED STATES, April 17, 2025 /⁨EINPresswire.com⁩/ -- Current, a …

Bettaway Beverage Distributors Named a 2024 Carrier of the Year by Arrive Logistics

Company recognized for second consecutive year as top-performing carrier. Cited for superior customer service, cost-effective on-time performance. SOUTH PLAINFIELD, NJ, UNITED STATES, April 17, 2025 /⁨EINPresswire.com⁩/ -- Bettaway Beverage …

CDR Software to Attend Converge Conference This May

CDR Software to Attend CONVERGE Conference This May in beautiful Denver, Colorado LA, UNITED STATES, April 17, 2025 /⁨EINPresswire.com⁩/ -- CDR Software, a leading provider of ERP solutions built specifically for the convenience distribution industry, is …

Hub Group Schedules First Quarter 2025 Earnings Conference Call

OAK BROOK, Ill., April 17, 2025 (GLOBE NEWSWIRE) -- Hub Group, Inc. (Nasdaq: HUBG) will hold a conference call at 5:00 p.m. Eastern Time on Thursday, May 8, 2025, to discuss first quarter 2025 results. The results will be announced via press release after …

XPO Schedules First Quarter 2025 Earnings Conference Call for Wednesday, April 30, 2025

GREENWICH, Conn., April 17, 2025 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) will hold its first quarter conference call and webcast on Wednesday, April 30, at 8:30 a.m. Eastern Time. The company's results will be released earlier that morning and made …

Q1 Research From Clientshare Discovers 87% of Suppliers Cite QBRs as Key Opportunity for Upselling

LONDON, UNITED KINGDOM, April 17, 2025 /⁨EINPresswire.com⁩/ -- Clientshare continues to develop the world’s leading Business Reviews software, Pulse, while cementing its role as a subject matter expert with another quarter of impressive growth. …

Lilly Simon Releases My Jesus, My Hero, A Memoir of Faith, Healing, and Divine Encounter

Lilly Simon shares in My Jesus, My Hero how her life changed after finding Jesus and the inner strength that helped her deal with a cancer diagnosis. NEW YORK, NY, UNITED STATES, April 17, 2025 /⁨EINPresswire.com⁩/ -- —The memoir is a story of …

ITS Logistics Distribution + Fulfillment Q2 Index: Conflicting Outlooks Highlight Uncertainty in Distribution and ...

RENO, Nev., April 17, 2025 (GLOBE NEWSWIRE) -- ITS Logistics today released the Q2 ITS Logistics US Distribution and Fulfillment Index, Powered by Cresa. This quarter, the index reveals some conflicting outlooks across the industry, underscoring current …

iRAYPLE Powers Smart Logistics Innovation at SITL 2025

HANGZHOU, ZHEJIANG, CHINA, April 17, 2025 /⁨EINPresswire.com⁩/ -- From April 1st to 3rd, 2025, at Porte de Versailles, Pavilion 1 in Paris, iRAYPLE took part in SITL 2025, one of Europe’s foremost exhibitions for transport and logistics innovation, …

C-P Flexible Packaging Welcomes Dave Klopp as Vice President of Sales

YORK, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- C-P Flexible Packaging (C-P), a leading manufacturer of flexible packaging, announces that Dave Klopp has joined the company as Vice President of Sales. This timing ensures a seamless transition of …

MasterCraft Boats of Utah Expands to St. George, Bringing MasterCraft’s Premier Lineup of Towboats to Southern Utah

VONORE, Tenn., April 17, 2025 (GLOBE NEWSWIRE) -- MasterCraft Boat Company, a MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) subsidiary and the best-selling towboat brand, is proud to announce the expansion of MasterCraft Boats of Utah into St. George, Utah …

CIRRO E-Commerce and TreePeople unite to care for urban trees, enhancing climate resilience for Los Angeles

LOS ANGELES, April 17, 2025 (GLOBE NEWSWIRE) -- CIRRO E-Commerce, a leading global e-commerce logistics solution provider, in collaboration with environmental nonprofit TreePeople, has launched a meaningful partnership focused on urban tree care and …

Armada Sunset Holdings Cracks Top 10 on Transport Topics’ 2025 Top 100 Logistics Companies List

PITTSBURGH, April 17, 2025 (GLOBE NEWSWIRE) -- Armada Sunset Holdings proudly announces it has been ranked #10 on Transport Topics’ 2025 Top 100 Logistics Companies List, marking its first appearance in the prestigious Top 10. The annual list ranks North …

ProShipper Celebrates 20 Years with $20M Fulfillment Expansion and Smarter eCommerce Solutions

AJAX, Ontario, April 17, 2025 (GLOBE NEWSWIRE) -- ProShipper, a Canadian third-party logistics (3PL) provider, is celebrating 20 years of delivering fast, reliable, and scalable eCommerce fulfillment and shipping solutions across North America. To mark …

Costamare Inc. Announces Plans for Costamare Bulkers Holdings Limited Spin-Off

Record date set for April 29, 2025 Distribution date for Costamare Bulkers shares anticipated to be May 6, 2025 MONACO, April 17, 2025 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE) (the “Company”) today announced that its Board of Directors has approved …