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Attempt to refloat ship blocking Suez Canal fails

An attempt to refloat a megaship blocking Egypt's Suez Canal has failed, the vessel's managers said, as the crisis forced companies to re-route services from the vital shipping lane around Africa.
World • 26 Mar 21

Oil up over 3% on fears Suez blockage may last weeks

Oil prices rose more than 3% today, rebounding on concerns it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude and refined products.
Business • 26 Mar 21

Irish expert details 'high-risk' transit of Suez Canal

Captain Bill Kavanagh believes lessons can be learned from the blockage of the Suez Canal involving the MV Ever Given.
World • 25 Mar 21

Oil drops as demand concerns outweigh Suez disruption

Oil prices fell today as a new round of coronavirus restrictions in Europe revived worries about demand, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal.
Business • 25 Mar 21

Suez Canal suspends traffic in bid to refloat ship

Efforts to dislodge a 400-metre long container vessel that has choked traffic along the Suez Canal resumed at high tide this morning.
World • 25 Mar 21

What are the consequences of Suez Canal incident?

World • 24 Mar 21

Large container ship blown off course blocks Suez Canal

A giant container ship ran aground in the Suez Canal after a gust of wind blew it off course, the vessel's operator said.
World • 24 Mar 21

Egypt unrest continues to hit oil markets

Oil slipped towards $105 a barrel after Egypt's army ousted its president, helping to ease concerns over the threat of supply disruption in the Middle East.
Business • 04 Jul 13

Oil rises as concerns grow over Egypt

The price of oil rose above $102 a barrel for the first time in 14 months on concerns about Middle East supplies and signs of an increase in US demand for fuel.
Business • 03 Jul 13

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