Shipping Lines Considering Red Sea Reentry as Global Demand Softens
Container shipping lines are laying the groundwork for service restructuring in anticipation of resuming transits through the Suez Canal and Red Seas, according to a news report published by Seatrade Maritime News in collaboration with MDS Transmodal.
Suez Canal Upbeat About Traffic Rebound as CMA CGM Boxships Make Transit
The Suez Canal Authority (SCA) is optimistic that transits are gradually returning to normal after the canal witnessed the passage of three mega ships operated by CMA CGM in a span of one week.
Suez Canal Authority Says Stability Returning to Red Sea
Suez Canal Authority Chairman Osama Rabie has told shipping giant AP Moller-Maersk there are signs of stability returning to the Red Sea, and urged the company to take that into account when planning sea routes, according to a statement from the SCA.
Suez Canal Revenue Dropped $2 Billion Last Year Due to Red Sea Security Crisis
The Suez Canal Authority saw its revenue drop by about $2 billion year-over-year because of the traffic impact of Houthi attacks in the Red Sea, the agency said Thursday.