Remove Cargo Remove Egypt Remove Shipping
article thumbnail

This Week in Logistics News (July 20 – 26)

Logistics Viewpoints

The canal is a key source of revenue for the government of Egypt, and it is one of the country’s top earners of foreign currency. Current traffic levels are less encouraging, and suggest that FY 2024/25 numbers will be even lower unless the security situation improves. Secretary of Transportation Pete Buttigieg broke ground on a $1.6

article thumbnail

The Consequences of Supply Chain Constipation

Enterra Insights

Nearly a week ago, a cargo ship — which if it stood on its end would be taller than either the Empire State Building or Eiffel Tower — ran aground in the canal completely blocking the waterway. A journey from the Suez Canal in Egypt to Rotterdam, in the Netherlands — Europe’s largest port — typically takes about 11 days.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Industry Insights: Cargo Vessel Blocks Suez Canal - Impact on Supply Chain

EnVista

On Tuesday, March 23, 2021, a cargo ship became wedged in the Suez Canal near Suez, Egypt, halting marine traffic from one of the busiest waterways in the world. It is estimated the dislodgement could take anywhere from days to weeks.

Cargo 52
article thumbnail

An Update from Sharm El-Sheikh on Decarbonisation of Transport

The Logistics & Supply Chain Management Society

Shipping Routes: Clydebank Declaration. Signatories to the so-called Clydebank Declaration agreed to collaborate to support the creation of green shipping corridors between two or more port pairs. Carriers will be incentivised or obliged to service these maritime routes only with zero emission ships.

article thumbnail

[INFOGRAPHIC] Interesting Facts & Financial Breakdown of the Global Logistics Market

GlobalTranz

Since the construction of the pyramids in ancient Egypt, logistics has made remarkable strides. Examples of this fundamental progress include the invention of the sea cargo container and the creation of novel service systems during the 20th century. Infographic: The Global Logistics Market. And now for the infographic.

article thumbnail

Energy Crisis in Asia and Europe: The Supply Chain Impact

Resilinc

While in 2022 Pakistan received oil supplies from Qatar, Nigeria, Egypt, and Italy, this year supplies from Nigeria and Qatar are set to fall. Per the contract, Eni will deliver one LNG cargo per month between 2017 and 2032. Going forward, Pakistan plans to increase LNG supplies from Egypt to soften the impact of the shortages.

Asia 62
article thumbnail

WATCH: ‘Dark fleet’ tanker collision sparks fire near Strait of Hormuz

Freight Waves

Two crude oil tanker vessels collided and at least one caught fire early Tuesday in an area of the Persian Gulf that is seeing disruptions of ship navigation systems. of India, was sailing without cargo toward the Suez Canal in Egypt, reports stated.