Latest News for: Suez fees

Edit

Panama Canal Authority warns restrictions will remain in place throughout 2024

Splash24/7 10 Apr 2024
The persistent drought, made all the more worse by the El Niño weather phenomenon, saw a huge swathe of the global merchant fleet decide to avoid the waterway over the long queues and high toll fees.
Edit

Panama Canal restrictions set to ease as rains roll in

Splash24/7 05 Apr 2024
The persistent drought, made all the more worse by the El Niño weather phenomenon, saw a huge swathe of the global merchant fleet decide to avoid the waterway over the long queues and high toll fees.
Edit

Gaza and “The Greater Israel”: “A Territory or Country Is Targeted for Previously Established Geostrategic Goals”

GlobalResearch 24 Mar 2024
Similarly, the value of the ambitious Ben-Gurion Canal mega-project is rapidly increasing, as it is slated to replace the Suez Canal and the $9B per year fees charged to the 30% of all the world’s shipping containers that travels through it.
Edit

Houthi Attacks Force Port of Eilat to Lay Off Half its Staff

The Maritime Executive 22 Mar 2024
This has forced port operators to adapt to altered schedules ... Vessels arriving from the west can also call at Israel's Mediterranean ports, without paying Suez Canal fees to reach Eilat. Accordingly, ro/ro imports have plummeted ... Top image.
Edit

Inside Egypt’s narrow escape from economic collapse

Cryptopolitan 22 Mar 2024
The Root of the Crisis. Egypt’s financial health has long depended on a few sources of foreign currency. Its energy exports, tourism revenue, Suez Canal fees, and remittances from Egyptians working abroad ... The Turnaround Strategy ... ....
Edit

A valuable opportunity for diplomacy

Ekathimerini 15 Mar 2024
The war in Gaza, the civil war in Sudan, the drop in revenues from transit fees in the Suez Canal and from lower tourism, along with other problems, pose serious risks to the government of Abdel Fattah El-Sisi and to the European Union ... .
Edit

Suez Canal Authority applies new fees of USD5K to ships with diminishing services in Rabat

MENA FN 13 Mar 2024
(MENAFN) The Egyptian Suez Canal Authority has introduced a new regulation imposing an additional fee of USD5,000 on ships that opt out of utilizing Rabat services, rather than obliging them to have ... .
Edit

The Houthis have the world’s attention — and they won’t give it up

Vox 09 Mar 2024
... Hope; a Tesla factory in Germany halted production thanks to a shortage of parts; Egypt’s cash-strapped government is struggling with the loss of Suez Canal transit fees as ships avoid the Red Sea.
Edit

Egypt pound loses over third of value as bank signals float

The Jordan Times 07 Mar 2024
The bank was expected to announce further details at a news conference scheduled for Wednesday evening ... FX liquidity ... And most recently, attacks by Yemen's Huthi rebels on Red Sea shipping have slashed vital Suez Canal fees by 40-50 per cent. Image.
Edit

Egypt secures extra $5 billion in IMF loans as pound plunges

The Peninsula 06 Mar 2024
Cairo ... "Once the merchants knew the rate has changed, the prices rose immediately," he told AFPTV ... Chronic inflation ... And most recently, attacks by Yemen's Huthi rebels on Red Sea shipping have slashed vital Suez Canal fees by 40-50 percent. .
Edit

Egypt secures $5 bn additional loan from IMF as pound plunges

Daily Times Chronicle 06 Mar 2024
The bank was expected to announce further details at a news conference scheduled for Wednesday evening ... And most recently, attacks by Yemen's Huthi rebels on Red Sea shipping have slashed vital Suez Canal fees by 40-50 percent. bam-bha/dv ... .
Edit

Egypt secures extra $5 bn in IMF loans as pound plunges

The Mercury 06 Mar 2024
Shoppers in Cairo voiced concern about the move, with one of them, Ezzat Hemaida, saying it "affects us in every way" ... And most recently, attacks by Yemen's Huthi rebels on Red Sea shipping have slashed vital Suez Canal fees by 40-50 percent ... .
Edit

China-Europe freight railway of great significance to global logistics stability

China Daily 04 Mar 2024
According to a report released by the United Nations Conference on Trade and Development in February, shipping fees from Shanghai to Europe via the Suez Canal have increased by about three times since November.
Edit

UAE to invest $35b to help solve currency crisis — Egypt PM

The Jordan Times 25 Feb 2024
Madbouly said the Ras Al Hikma project would see the development of a full resort city with an airport to be managed by the UAE ... And recent attacks by Yemen's Houthi rebels on Red Sea shipping have slashed vital Suez Canal fees ... Image. Section ... Right .
Edit

Suez Canal shipping volumes drop 55% in a week as Red Sea crisis continues

The National 23 Feb 2024
The Suez Canal is the shortest sea route between Asia and Europe ... Before the Israel-Gaza war, Egypt was collecting about $700 million per month in Suez Canal transit fees, the IMF's managing director Kristalina Georgieva said earlier in February.
×