Suez Canal

Islamic Republic of Iran's frigate entered the Red Sea, escalating tensions amid the Israel-Hamas conflict

Maersk to halt Red Sea sailings for 48 hours following Houthi attack on its container vessel

CMA CGM resumes Suez Canal voyages; Hapag-Lloyd mulls Red Sea return after US-led security initiatives

They sign deal to build Iranian railway line as part of North-South Corridor

The railway is an important link intended to connect India, Iran, Russia, Azerbaijan and other countries

Egyptian Ambassador H E Tarek Dahrough called on Federal Minister for Maritime Affairs Syed Ali Haider Zaidi

Last 61 ships, out of 422 ships that were queuing, passed through the vital trade artery

Major trade route tries to bounce back from a costly six-day closure

Video posted on social media show the ship’s stern swung around, opening space in the canal

A shipping tracker showed the stranded ship is now positioned in the centre of the canal

Dozens of vessels wait in the waterway and around its northern and southern entrances for the blockage to be cleared

The 400-metres long Ever Given remains stuck as the process to free the vessel may take weeks amid bad weather

Might take weeks, may need to reduce weight by removing containers from the ship

Can have impact on freight, if lasts longer can lead to shipment delays

Initial estimates suggested new route would take up to 3 years to build, but Sisi set an ambitious target of 12 months