Giant CMA CGM ship transits Suez Canal, signaling return of megavessels
The Suez Canal on Saturday welcomed the passage of the CMA CGM BENJAMIN FRANKLIN, the largest container ship to…
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Egypt’s Suez Canal sees strong rebound, revenue doubling by 2030: IDSC
Egypt’s Suez Canal could see revenues reach $11.9 billion by the 2029/30 fiscal year, almost double current levels,…
2 tankers collide, catch fire near Strait of Hormuz
Two oil tankers collided and caught fire on Tuesday near the Strait of Hormuz, a strategic waterway where…
Fitch revises global shipping outlook to ‘Deteriorating’
Fitch Ratings downgraded its 2025 outlook for the global shipping sector to ‘deteriorating’ from ‘neutral’, citing…