Free Trial

Suez Canal Shipping Resumes After Ship Runs Aground

FREIGHT

Shipping services in the Suez Canal waterways resumed on Monday morning after a vessel went aground, according to Canal services firm Leth.

  • A cargo vessel carrying corn from Ukraine to China ran aground in the Suez Canal waterways amid a technical failure but the vessel has been refloated, Osama Rabie, Suez Canal Authority chief said.
  • Around 21 vessels will resume or commence southbound transits and only minor delays are expected.
  • The vessel, MV Glory, ran aground near the city of Qantara, in the Suez Canal province of Ismailia, Leth said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.