Suez Canal: News

15 Jan 2024

World Economic Forum

Red Sea crisis to spike India's oil prices: WEF chief

World Economic Forum (WEF) President Borge Brende said that the escalating tensions in the Red Sea - due to the attacks on merchant ships by Yemen's Houthi rebels - could hike oil prices in India.

05 Jan 2024


Centre is considering subsidizing exporters amid Red Sea crisis

India is exploring various strategies to aid exporters in tiding over the Red Sea crisis, as per Moneycontrol.

04 Jan 2024


What is the Red Sea crisis? Does it affect India?

Major shipping companies like Maersk and Hapag-Lloyd have temporarily halted their Red Sea routes due to increased Houthi rebel attacks in the Bab-el-Mandeb strait.

24 Jun 2023

Narendra Modi

Egypt to offer India exclusive spot in Suez Canal zone

After his maiden state visit to the United States, Prime Minister Narendra Modi departed for his first visit to Egypt on Saturday.

07 Jul 2021


Suez Canal authorities release hulking vessel after settlement deal

Suez Canal authorities announced on Wednesday the release of a hulking shipping vessel that blocked the crucial east-west waterway for nearly a week earlier this year.

29 Mar 2021


Ever Given: Ship stuck in Suez Canal finally freed

The cargo ship stuck in the Suez Canal for days has been freed, authorities and visuals from the passageway confirmed on Monday.

29 Mar 2021


Ever Given: Cargo ship stuck in Suez Canal 'partially refloated'

The cargo ship stuck in the Suez Canal for days has been "partially refloated," a canal services firm said without providing further details about when the canal would reopen.

27 Mar 2021


Suez Canal blockage: India's 4-point plan to deal with situation

The Indian Government has come up with a four-pronged plan to deal with the situation arising from the massive traffic jam in the Suez Canal as the blockage is badly hitting the global trade.

25 Mar 2021


Massive ship blocks Suez Canal causing world's largest shipping jam

A massive container ship stuck in the Suez Canal has caused a massive jam, bringing the busy trade route to a halt.