The Latest Breaking News from the Suez Canal

A new Middle East war? It's already here

So far, the US Navy can't defeat the pro-Palestinian Houthis of Yemen. A glance at their history helps explain why

Salon · Jul 14, 2024

Lavazza boss says coffee prices are set to keep rising amid global shocks

Poor harvests, soaring raw material costs and a security crisis affecting shipping through the Suez Canal are among the factors that have driven prices this summer

Evening Standard · Jul 12, 2024

Panama Canal Agency Warns Water Shortage 'Is Not Over'

Unlike other waterways such as the Suez Canal, the Panama Canal, which usually handles about six percent of global maritime trade, operates with rainwater from the artificial lakes Gatun and Alajuela.

Latin Times · Jun 27, 2024

A revival of the IMEC idea amid choppy geopolitics

Even if the Yemen conflict, ironically, an offshoot of the Gaza war, abates soon, it has made the case for viable alternatives to the Suez Canal stronger

The Hindu · Jan 21, 2024

As Houthi attacks on ships escalate, experts look to COVID supply chain lessons

Shipping experts hope lessons learned during the COVID-19 pandemic, the Suez Canal disruption in 2021 and Somali pirate attacks more than a decade ago will mitigate widespread problems this time.

WEKU · Jan 20, 2024

Oil supply tightens in Europe over Red Sea disruptions

The volume going to Europe from the Middle East has nearly halved amid continuing attacks by Yemen’s Houthi rebels.

Al Jazeera · Jan 20, 2024

Red Sea crisis: Suez Canal is not the only 'choke point' that threatens to disrupt global supply chains

The air strikes against targets in Yemen by the US and UK military have not been without criticism. They aim to keep the Houthis from attacking merchant vessels in the Bab el-Mandeb strait. Less than 30 ships have been attacked by Houthis since they seized the Israeli-linked Galaxy Leader vessel…

The Conversation · Jan 15, 2024

Red Sea, Panama Canal Send Container Freight Costs Soaring – What It Means For Global Economy And Wall Street

The Panama Canal drought causes severe shipping delays from Asia to the U.S. East Coast, particularly for heavy goods. Carriers are rerouting from trans-Pacific to trans-Atlantic via the Suez Canal, with alternate routes increasing transit times by 20-30%.

International Business Times · Jan 15, 2024

Oil prices steady despite Middle East tensions, but risks are rising

Despite diverting supplies from the Suez Canal, tensions in the Red Sea have so far had a muted impact on energy prices.

Al Jazeera · Jan 12, 2024

Huthi Attacks Idle Suez Canal, Deepen Egypt's Economic Woes

Attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis.

International Business Times · Jan 10, 2024