Tag #Suez Canal

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Chinese Investment in Egypt Surges Amidst US Tariffs

Driven by US tariffs, Chinese companies are increasingly investing in Egypt, with over 2000 companies already present and projects totaling billions of dollars in the Suez Canal Economic Zone, particularly in textiles and construction.

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cnn.com
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USS Truman Damaged in Suez Canal Collision

The USS Harry S. Truman, a US Navy aircraft carrier, collided with the Panamanian-flagged bulk carrier Besiktas-M near the Suez Canal on Wednesday, sustaining damage to its starboard quarter that doesn't affect its combat capabilities; repairs are underway in Souda Bay, Greece.

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dw.com
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Houthis Release "Galaxy Leader" Crew After Year-Long Hostage Crisis

The Houthis released the crew of the "Galaxy Leader" on January 22, 2025, after over a year of captivity, a move facilitated by Hamas and Oman, impacting global maritime trade and the Suez Canal.

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edition.cnn.com
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USS Truman Damaged in Suez Canal Collision

The USS Harry S. Truman, a US Navy aircraft carrier, collided with the Panamanian-flagged bulk carrier Besiktas-M near the Suez Canal on Wednesday, sustaining damage to its starboard quarter; however, the Navy maintains its combat capabilities remain unaffected, and repairs are underway in Souda Bay...

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dailymail.co.uk
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USS Truman Collides with Merchant Ship Near Suez Canal

The USS Harry S. Truman aircraft carrier collided with the 617-foot Panamanian-flagged merchant ship Besiktas-M near Port Said, Egypt on Wednesday evening, causing no damage or injuries despite the high-traffic area near the Suez Canal, prompting a Navy investigation.

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english.elpais.com
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Houthi Attacks Cripple Suez Canal, Costing Egypt $7 Billion

Houthi rebel attacks on the Suez Canal since November 2023 caused a 60% revenue drop for Egypt in 2024, resulting in a $7 billion loss and exacerbating the country's existing economic crisis; daily ship passage plummeted from 72 to 27 by December.

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Showing 13 to 18 of 18 results