Egypt may seek $1 billion in compensation for Suez Canal crisis
Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. The figure is a rough estimate of losses linked to transit fees, damages incurred during the dredging and salvage efforts, the cost of the equipment, and labor, Suez […]
Ship ‘partially refloated,’ but still stuck in Suez Canal
By ISABEL DEBRE and SAMY MAGDY SUEZ, EGYPT:Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, authorities said, without providing further details about when the vessel would be set free. Satellite data from MarineTraffic.com showed that the ship’s bulbous bow, once lodged deep in the canal’s […]
Uber closes Eats operations in eight smaller markets
LONDON: Uber said on Monday it was closing down its Uber Eats operations in eight markets because they did not offer a clear route to becoming the number one or number two online food delivery operator, its stated aim for its Eats business. “We have made the decision to discontinue Uber Eats in Czech Republic, […]