Tag: suez canal
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Update: The Container Ship in Suez Canal is set free
Category World NewsEgypt: On Monday, canal authorities said that the workers and team have successfully moved the massive container ship that was stuck for days in the Suez passage. The traffic has resumed through Egypt’s Suez Canal, but still, the whole scenario is not at full ease. The traffic which remained stalled for almost a week, is…
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Will India’s crude oil price could get affected due to Suez Canal Blockage?
The ongoing stress in the Suez Canal waterway tuning into the longest closure ever of this important passage trade route will impact crude and tanker prices. It could progressively show up in the form of higher prices, and later trigger down even the retail price in the marketplace. Besides, a huge impact on foreign trade…
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Post-Blocked Suez Canal, Covid-19 disruptions-Oil Prices Slide
Category World NewsThe ongoing disruptions in the trade due to yesterday’s long blockage in Suez Canal, and other hindrances because of Covid-19 pandemic affected the trade timelines, and demands at several points. On today’s morning, oil prices slipped around 2 percent as fuel demand concerns re-emerged alongside fresh coronavirus pandemic lockdowns, making things more complex. Ballasting overnight…
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Huge Container Ship Involuntarily Blocks Suez Canal: Egypt
Category World NewsEgypt- “Suez Canal” one of the world’s busiest and crucial shipping lanes is blocked for hours after a large container Vessel namely Ever Given, got stuck on Tuesday’2021. It is an artificial sea-level waterway route in Egypt, which connects the Mediterranean Sea to the Red Sea via the Isthmus of Suez. it divides Africa and…
