Suez Canal

Cosco and OOCL begin Red Sea transits in broadening Suez Canal return

Chinese carriers Cosco Shipping and subsidiary Orient Overseas Container Line (OOCL) began resuming Red Sea transits on Tuesday, joining Ocean Alliance partner CMA CGM in a broadening industry return to the Suez Canal that is reshaping container shipping nearly three…

Maersk, Hapag-Lloyd shift four more services to Suez Canal

Maersk A.P. Møller - Mærsk A/S announced on Monday that four more of its joint container services with Hapag-Lloyd will resume sailing through the Suez Canal, shifting away from the longer route around the Cape of Good Hope. The move…

Suez Canal revenue jumps 42% as Hormuz closure reroutes ships

Suez Canal revenue rose 42% in July compared with a year earlier, reaching $505 million, as the Iran war's effective closure of the Strait of Hormuz and ongoing Houthi threats in the southern Red Sea pushed more vessels toward the…

Maersk CEO says full Suez Canal return on track for 2026

Shipping giant Maersk A.P. Møller - Mærsk A/S has signaled that it expects the full resumption of navigation through the Suez Canal by the end of 2026, as the company continues gradually expanding services through the Red Sea corridor even…

Chevron CEO warns energy markets ‘fragile’ as Iran war disrupts key shipping lanes

The expanding US-Iran conflict has turned two of the world's most critical maritime chokepoints into active flashpoints, forcing oil tankers on costly detours around Africa and raising fears that Egypt's Suez Canal could be drawn into the widening war.

Maersk, Hapag-Lloyd resume Suez Canal sailings for Asia-Europe route

Shipping giants Maersk A.P. Møller - Mærsk A/S and Hapag-Lloyd announced on Monday that they will resume some sailings through the Suez Canal under their Gemini joint network, marking the first return of a major Asia-Europe service to the waterway…