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 Suez Canal

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Sat. November 22, 2008

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As the Suez Canal looks set to loose hundreds of millions of dollars in the wake of the increased piracy activity in the Gulf of Aden area, Egypt hosted a ...
The Gulf of Aden is a vital shipping lane as it is the point of entry and exit for the Suez Canal. At least one international shipowner has ordered its ...
Sharon was determined to cross the Suez Canal even against the strong advice of others. Sharon even took a demotion in order to have the flexibililty to ...
The focus has shifted to another great trading route - safe passage to the Suez Canal connecting Asia and Europe. After years of devastation in Somalia ...

piracy is also forcing ship-owners to avoid the less-expensive Suez Canal route, close to the piracy-hit Gulf of Aden. However, it is estimated that taking ...
shipping companies are trying to avoid the Suez Canal because of piracy off the coast of Somalia, Financial Times says.
The French navy helicopter carrier Jean de Vienne passes through the Suez Canal in Egypt on its way to Somalia to take part in the European Union's ...
... coast has prompted many tanker companies to consider routing their shipments around South Africa, avoiding the quicker route through Egypt's Suez Canal. ...
Egypt says it is suffering financial losses as a result of the hijackings because an increasing number of ships no longer travel through the Suez Canal. ...
Meanwhile, one of Europe's largest shipping companies announced it would reroute some of its oil tankers around the Suez Canal to reduce the piracy risk, ...
Every tanker using the gulf and every freighter using the Suez Canal is now a potential pirate target, no matter what course they navigate or how big they ...
20 (Bloomberg) -- Shippers controlling almost a quarter the global fleet of crude-oil supertankers may avoid Egypt's Suez Canal after an increase in piracy ...
Buoyed by rising foreign investment and record revenues from tourism and the Suez Canal, the Egyptian economy had grown at its fastest pace in decade since ...
... around Africa is not a good option because it hurts the world economy, and lets the pirates win. He says the Suez Canal is too important a shipping lane.
The Gulf of Aden connects to the Red Sea, which in turn is linked to the Mediterranean by the Suez Canal. The route is thousands of kilometres and many days ...
20 (Bloomberg) -- Shippers controlling almost a fifth of the global fleet of crude-oil supertankers may avoid Egypt's Suez Canal after an escalation in ...
... which ends in June 2009, could drop to around 6 percent as the global crisis hits revenue from tourism, exports, and the Suez Canal. ...
There was a story in this morning's paper that a Norwegian company had directed its supertankers to sail around Africa rather than use the Suez Canal in ...
But the authority did not expect a sudden deluge of ships and the situation would not cause the congestion last seen in the 1970s when the Suez Canal was ...
Egypt, which earns hundreds of millions of dollars per month from ships passing through the Suez Canal, fears a downturn in revenue from the waterway ...
Buoyed by rising foreign investment and record revenues from tourism and the Suez Canal, the Egyptian economy had grown at its fastest pace in decade since ...
A shift away from the Suez Canal could have significant economic repercussions for Egypt, which relies on the canal as a major source of revenue. ...
19 (Bloomberg) -- Shipowners controlling almost a fifth of the world's oil supertankers may shun Egypt's Suez Canal after an escalation in pirate attacks ...
The surge in pirate attacks in the Gulf of Aden - which is a key shipping lane for the Suez Canal - has prompted one major shipping group to divert its ...
... which ends in June 2009, could drop to around 6 percent as the global crisis hits revenue from tourism, exports, and the Suez Canal. ...
The surge in pirate attacks in the Gulf of Aden - which is a key shipping lane for the Suez Canal - has prompted one major shipping group to divert its ...
A major Norwegian shipping group Tuesday ordered its more than 90 tankers to sail around Africa rather than use the Suez Canal after Somali. ...
... small craft launched from "mother ships," these modern Jack Sparrows are now able to board ships heading to and from the Suez Canal in just 15 minutes. ...
The Suez Canal is infested with Somali pirates (who've already stolen 1000 Wiis), so companies are diverting shipments around the Cape of Good Hope, ...
This would force tankers to divert around the southern tip of Africa, block non-oil shipping from using the Suez Canal, and lead to substantial increases in ...
(MENAFN - Kuwait News Agency (KUNA)) The global financial crisis is beginning to affect number of shipments passing through the Suez Canal, Chairman of Suez ...
The new patrols along the Gulf of Aden, which links Europe to Asia through the Suez Canal, seem, however, to have had some sort of impact as only 31 percent ...
Cairo, Nov 19 (Reuters) - Egypt's revenues from the Suez Canal reached $467.5 million in October, down from $469.6 million in September but up from $422.6 ...
"On the other hand, we will not pay the duties to pass the Suez Canal," he said. "That's quite an expensive canal passage. The duties there are quite heavy. ...
Ships passing close to Somalian waters carry oil from the Middle East via the Suez Canal and Asian-made goods to Europe and the US Some companies including ...
... group has decided to duck the danger altogether. It's ordered its tankers to sail around Africa rather than risk going by Somalia when using the Suez Canal.
Rob Lomas, secretary general of Intercargo, an industry group representing ship owners, said that more firms were avoiding the Suez Canal - an extraordinary ...
The former Leading Aircraftsman in the RAF had guarded the Suez Canal during the early days of the Cold War between the West and Russia in 1952. ...
To go the long way round Cape Horn rather than sailing through the Suez Canal would send the cost of goods shooting up. It could make this a disappointing ...
Even the Suez Canal is being threatened. "It will really hit home when consumers in the West find they haven't got their Nintendo gifts this Christmas," Sam ...

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