Suez Canal Income May Drop Due to Piracy

Wednesday, November 26, 2008

A Nov. 25 report from the Associated Press said that the Suez Canal, a shortcut between East and West for nearly 140 years, is facing an enormous challenge, as the Somali piracy prompts major shipping companies to seek another route. Egypt, which is heavily dependent on the fees it charges ships to go through the Canal, has expressed concern over a possible drop in income.

(Source: Associated Press)

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Maritime Security

Shippers Cannot Relax Their Guard in SE Asia -MAST

Following a spate of six attacks in the Singapore Straight over the weekend, maritime security provider MAST is calling for shipping companies to strengthen their

Malaysia, Indonesia Team up to Fight Piracy

An increase of incidents of piracy and armed robbery in SouthEast Asia has prompted Malaysian and Indonesian law enforcement to form a joint rapid deployment team in response,

US Plans More Maritime Drills in Asia

The United States will increase the number of drills it conducts in the Asia-Pacific as part of its new strategy to counter to China’s expansion in the South China Sea,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5323 sec (2 req/sec)