The Latest Breaking News from Suez Canal

Maersk, the shipping juggernaut, charts an audacious course as it schedules numerous vessels to gracefully traverse the legendary Suez Canal. Ahoy, adventure!

The fire ripped through the police facility in the Suez Canal province of Ismailia

A spokesperson for Egypt's Suez Canal says a tanker transporting crude oil broke down in the canal, briefly disrupting traffic in the global waterway

A tanker transporting crude oil has broken down in a single-lane part of Egypt's Suez Canal, disrupting traffic in the global waterway.

Egypt's Suez Canal is a vital waterway trade that allows ships a more direct route than the 3,000 mile journey around the tip of Africa - amounting to billions in revenue for global trade

A Hong Kong-flagged ship briefly ran aground in Egypt’s vital Suez Canal, though authorities said they were able to refloat it after it momentarily disrupted the waterway

Xin Hai Tong 23, which flys the Hong Kong flag, was travelling from Saudi Arabia to Egypt

Xin Hai Tong 23 refloated after running aground at an angle across the canal’s southern mouth

Around 30% of the world's shipping container volume passes through the canal and with it 12% of total global trade

Tugboats managed to move a large ship that had been stranded for several hours in the Suez Canal on Thursday, and sources said shipping traffic through one of the world's busiest waterways had returned to normal.

Egypt’s economy is expected to grow 4.2 percent in the current fiscal year ending in June, the cabinet said on Tuesday, much less than previously forecast. Gross domestic product grew by 3.9 percent in October-December, the second quarter of the fiscal year, while the unemployment rate fell to 7.2 percent,…