Trends - Suez Canal - Business Recorder

Suez Canal

Egypt’s Suez Canal nets $8bn in new annual record

CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in...

Published 30 Jan, 2023 06:33am

World

Egypt’s Suez Canal nets $8bn in new annual record

CAIRO: Egypt’s Suez Canal Authority announced Wednesday an all-time annual revenue record, earning $8 billion in...

Published 25 Jan, 2023 08:32pm

World

Another tanker briefly blocks Egypt’s Suez canal

CAIRO: An oil tanker briefly became stuck in Egypt’s Suez Canal on Wednesday night, officials announced, raising...

Published 01 Sep, 2022 09:56am

Business & Finance

Siemens Mobility wins $8.7bn high-speed rail deal in Egypt

BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its...

Published 29 May, 2022 05:50am

Business & Finance

Suez Canal records record monthly revenue in April

CAIRO: Egypt’s Suez Canal Authority announced Sunday an all-time revenue record for April, earning $629 million...

Published 01 May, 2022 05:32pm

World

Ship from same firm that blocked Suez Canal runs aground in US

WASHINGTON: A massive container ship, owned by the same company whose vessel last year blocked the Suez Canal, has...

Published 15 Mar, 2022 11:54am

World

Suez Canal expansion project expected to finish in July 2023

CAIRO: A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023,...

Published 16 Jan, 2022 01:53pm

Business & Finance

Record cargo shipped through Egypt's Suez Canal last year

CAIRO: Egypt's Suez Canal Authority said the key waterway netted record revenues last year, despite the coronavirus...

Updated 02 Jan, 2022 06:18pm

World

Iran says thwarts new pirate attack on one of its tankers

TEHRAN: Pirates attempted to seize an Iranian oil tanker in the Gulf of Aden in the second such incident in a...

Published 02 Nov, 2021 12:49pm

‘Suez Canal on rails’ — Egypt signs $4.5bn high-speed rail deal

CAIRO: Egypt has signed a $4.45 billion deal for a high-speed electric rail line to link its Red Sea and...

Published 02 Sep, 2021 04:34am

World

Megaship that blocked Suez heads back to Asia

CAIRO: A super tanker that blocked the Suez Canal is heading back to Asia, authorities said, five months after it...

Published 22 Aug, 2021 04:09am

Business & Finance

Record revenues flow from Suez despite megaship blockage

Around 19,000 ships passed through the canal in 2020, the SCA said, an average of over 50 a day.

Published 11 Jul, 2021 09:31pm

World

Megatanker that blocked Suez Canal to be released

CAIRO: The megatanker retained by Egypt since it blocked the Suez Canal in March will be released Wednesday, after...

Published 05 Jul, 2021 04:57am

Egypt ‘seizes’ megaship over nearly $1bn Suez claim

CAIRO: A megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been 'seized' on...

Published 14 Apr, 2021 03:21am

Business & Finance

Suez Canal shipping backlog to end on Saturday - canal authority

Osama Rabie, chairman of the Suez Canal Authority (SCA), said 85 ships were expected to pass the canal from both sides on Saturday.

Published 03 Apr, 2021 04:18pm

Markets

China’s aluminium imports underpin physical premium surge

LONDON: Japanese aluminium buyers have agreed to pay the highest premium in six years to get their metal in the...

Published 03 Apr, 2021 03:41am

Markets

Asia gasoline crack climbs to 13-month high as outlook improves

SINGAPORE: Asia’s gasoline crack climbed on Thursday for a fourth straight session, climbing to a more than...

Published 02 Apr, 2021 04:58am

World

Investigation begins into how ship got stuck on Suez Canal

The investigation will include examining the seaworthiness of the ship and its captain’s actions to help determine the causes, Rabie advisor Captain Sayed Sheasha said.

Published 31 Mar, 2021 02:11pm

Markets

Oil prices fall as Suez Canal opens

NEW YORK: Oil prices slid on Tuesday as the Suez Canal reopened to traffic and the dollar rallied. Focus in the...

Published 31 Mar, 2021 05:42am

Markets

Lebanon approves crisis funding to avert power blackout

BEIRUT: Lebanon's parliament approved $200 million in emergency funding Monday to stave off a national power cut the...

Published 31 Mar, 2021 05:42am

World

Egypt's Sisi promises investment to avoid Suez closure repeat

Sisi claimed "success" in the operation after the stern was freed, several hours before the bow of the ship was finally dislodged.

Published 30 Mar, 2021 07:07pm

World

Suez Canal races to clear backlog as shipping convoys resume

The blockage threw global supply chains into disarray, threatening costly delays for firms already wrestling with COVID-19 restrictions, and nearly doubled rates for oil product tankers.
The Ever Given's grounding across a southern section of the canal forced a halt to all traffic, leading to a build-up of 422 ships at either end of the canal and along its course.

Published 30 Mar, 2021 06:29pm

Markets

Oil gains as focus switches to OPEC+ extending output cuts

More than 127.43 million people have been reported to be infected by the novel coronavirus globally, and the death toll is approaching 3 million, according to a Reuters tally.

Published 30 Mar, 2021 11:09am

Markets

Australian shares reverse early gains as miners track copper prices lower

Earlier in the day, the company said it would split itself into two separate businesses in a bid to change strategy and reverse a steep share price slump it has faced.

Published 30 Mar, 2021 10:41am

World

Joy as megaship refloated, Suez Canal reopens to traffic

ISMAILIA, (Egypt): The MV Ever Given was refloated and the Suez Canal reopened to traffic Monday, sparking relief...

Published 30 Mar, 2021 05:45am

Markets

Oil rises as traders expect OPEC+ to hold output cuts

• Russia supports OPEC+ oil output rollover to May • Traffic in Suez Canal resumes after stranded ship ...

Published 30 Mar, 2021 05:45am

Markets

Oil market rebounds on Suez ship warning

Traders remain on tenterhooks because the canal is one of the most important routes for global trade and crude shipments.

Published 29 Mar, 2021 07:52pm

World

Joy as megaship refloated, Suez Canal traffic resumes

Maritime data company Lloyd's List said the blockage had held up an estimated $9.6 billion worth of cargo each day between Asia and Europe.

Published 29 Mar, 2021 07:16pm

Markets

Oil prices ease after Suez Canal traffic resumes

Crude prices had tumbled earlier after the ship was partially freed, but rebounded quickly afterwards when salvage experts said the hardest work was ahead.

Updated 30 Mar, 2021 03:25am

Markets

Shares hold up as economic optimism offsets Archegos fallout

World shares rise slightly, US futures off lows.
Nomura, Credit Suisse warn on losses after Archegos share sale.
Markets hopeful ahead of Biden infrastructure plan.
Oil prices turn positive ahead of OPEC+ meeting.

Published 29 Mar, 2021 05:59pm

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Mar 24 The Pakistan General Insurance Co. Ltd.(PKGI)	4.25 ▲ 0.39 (10.10%)
KASB Modaraba / Mar 24 KASB Modaraba(KASBM)	1.25 ▲ 0.11 (9.65%)
Khyber Tex. / Mar 24 Khyber Textile Mills Limited(KHYT)	297.60 ▲ 20.76 (7.50%)
Shield Corp. / Mar 24 Shield Corporation Limited(SCL)	244.99 ▲ 17.09 (7.50%)
Sapphire Fibres / Mar 24 Sapphire Fibres Limited(SFL)	1026.39 ▲ 71.60 (7.50%)
Tandlianwala Sugar / Mar 24 Tandlianwala Sugar Mills Limited(TSML)	83.72 ▲ 5.84 (7.50%)
Khairpur / Mar 24 Khairpur Sugar Mills Limited(KPUS)	57.38 ▲ 4.00 (7.49%)
Pakistan Services / Mar 24 Pakistan Services Limited(PSEL)	1277 ▲ 89.00 (7.49%)
Shahtaj Textile / Mar 24 Shahtaj Textile Limited(STJT)	84.22 ▲ 5.87 (7.49%)
Shakarganj / Mar 24 Shakarganj Limited(SML)	33.50 ▲ 2.33 (7.48%)

Stock	Price
Dewan Sugar / Mar 24 Dewan Sugar Mills Limited(DWSM)	2.22 ▼ -0.29 (-11.55%)
Pak Agro Pack. (GEM) / Mar 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.88 ▼ -1.00 (-11.26%)
HBL Invest Fund / Mar 24 HBL Investment Fund(HIFA)	1.55 ▼ -0.15 (-8.82%)
Kohat Textile / Mar 24 Kohat Textile Mills Limited(KOHTM)	10.55 ▼ -1.00 (-8.66%)
Colony Tex.Mills Ltd / Mar 24 Colony Textile Mills Limited(CTM)	2.41 ▼ -0.21 (-8.02%)
D.S. Ind. Ltd. / Mar 24 D.S. Industries Limited(DSIL)	2.22 ▼ -0.18 (-7.50%)
Gadoon Textile / Mar 24 Gadoon Textile Mills Limited(GADT)	193.33 ▼ -15.67 (-7.50%)
Philip Morris Pak. / Mar 24 Philip Morris (Pakistan) Limited(PMPK)	471.75 ▼ -38.25 (-7.50%)
Quetta Textile / Mar 24 Quetta Textile Mills Limited(QUET)	15.67 ▼ -1.27 (-7.50%)
Masood Textile / Mar 24 Masood Textile Mills Limited(MSOT)	41.42 ▼ -3.33 (-7.44%)

Stock	Volume
Fauji Cement / Mar 24 Fauji Cement Company Limited(FCCL)	17,487,500 ▼ -0.23
WorldCall Telecom / Mar 24 Worldcall Telecom Limited(WTL)	11,071,860 ▼ -0.02
Thatta Cement / Mar 24 Thatta Cement Company Limited(THCCL)	9,211,500 ▼ -0.16
Fauji Foods Ltd / Mar 24 Fauji Foods Limited(FFL)	7,792,084 ▼ -0.14
Ghani Glo Hol / Mar 24 Ghani Global Holdings Limited(GGL)	5,968,150 ▼ -0.59
Telecard Limited / Mar 24 Telecard Limited(TELE)	5,558,000 ▼ -0.52
Hascol Petrol / Mar 24 Hascol Petroleum Limited(HASCOL)	4,387,500 ▼ -0.11
Meezan Bank / Mar 24 Meezan Bank Limited(MEBL)	3,700,308 ▼ -0.27
Cnergyico PK / Mar 24 Cnergyico PK Limited(CNERGY)	3,587,106 ▼ -0.06
Maple Leaf Cement / Mar 24 Maple Leaf Cement Factory Limited(MLCF)	3,522,701 ▼ -0.31

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.13
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.23
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 23	3948.72
Nasdaq / Mar 23	11787.40
FTSE 100 / Mar 23	7499.60
Dow Jones / Mar 23	32105.25
Germany DAX 30 / Mar 23	15210.39
France CAC40 / Mar 23	7139.25
India Sensex / Mar 24	57895.48
Tokyo Nikkei / Mar 24	27326.43
Hang Seng / Mar 24	19970.42

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.79
Gold Spot USD/Ounce / Mar 24	1989.92
Cotton US¢/pound / Mar 24	77.60

Suez Canal

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