Tag: Suez Canal

New Delhi: The government on Friday said a four-point plan has been chalked out to deal with the situation arising from the blockage of Suez Canal. The plan was chalked out in a meeting convened by the logistics division, Ministry of Commerce. It includes prioritisation of cargo, freight rates, advisory to ports and re-routing of […]

Cairo: At least 321 vessels are currently jammed around Egypt’s Suez Canal as efforts are underway to refloat a giant cargo ship that has run aground and disrupted traffic on one of the world’s busiest trade routes, according to a top official. “The number of ships waiting now, whether in the north, the south or […]

Cairo: A massive container ship which had blocked the Suez Canal since March 23 has been freed and re-floated, maritime service provider Inchcape Shipping said on Monday. The Panama-flagged ship, Ever Given, had veered off its course in a single-lane stretch of the canal during a sandstorm, reports dpa news agency. Dredgers and tug boats […]

New Delhi: Stock markets in Asia heaved a sigh of relief and crude oil prices fell as the vessel blocking the Suez Canal was freed. This will clear the canal and allow movement on the busiest waterway in the world. Crude prices fell after rising 4 per cent over the last few days as the […]