Worldcrunch
Updated March 23, 2024 at 12:40 p.m. On this day in 2021, a large container ship called the Ever Given ran aground in the Suez Canal, obstructing the waterway and causing a major traffic jam of ships waiting to pass through. The obstruction lasted for six days. What caused the Ever Given to run aground? […]
Houthi rebels are now blocking the strategic Red Sea, by striking or seizing merchant ships, while also attempting to launch rockets into Israeli territory. This has sparked a strong response from the U.S and Britain, escalating a situation that could impact global security in major ways, with competing powers ready to cash in.
Welcome to Wednesday, where we’re following the breaking news of the assassination of Haiti’s president. Also Iran acknowledges it is enriching uranium and the ship that blocked the Suez canal is finally free to sail away. In other news, we look at the rock’n’roll statue controversy that pits Paris greens vs. Harley-Davidson. • Haitian President […]
CAIRO — Egypt has been bombarded with a constant stream of messages this week about the miracles the New Suez Canal will bring. Not all of the claims hold up to scrutiny. Claim: The new extension will allow two-way traffic along the canal. Reality: This is sort of true — 60% true, to be more […]
In his first year as president, Abdel Fattah al-Sisi has shown surprising rhetorical flair, even as he consistently sends contrasting messages.
Moscow sees huge new business opportunity in northern shipping routes. But figuring out the best ways to travel via the Arctic is a massive, and chilly, undertaking.
JERUSALEM — Three hundred kilometers by high-speed rail between the cities of Eilat and Ashdod, connecting the Red Sea coast to the Mediterranean: They call it the “Red-Med” Project. Financed by Beijing and launched from Jerusalem, China has revealed its strategy for “West Asia” — the term that the China Shipping Container Lines company uses […]
Meet Captain Fu, who runs the Piraeus Container Terminal, which has been owned since 2009 by Chinese giant Cosco. So far, at least, business has barely been touched by the Greek crisis.
CAIRO – As Egypt struggles to emerge from a period of deep financial uncertainty; government officials are looking towards the country’s vital shipping artery — the Suez Canal — as a major source of revenue and jobs. Officials from several government ministries have announced massive public-private partnerships aimed at developing the region. The hope, they […]