Egypt 'seizes' megaship over nearly $1 bln Suez claim
April 14, 2021 | 14:00
A megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been 'seized' on court orders until the vessel's owners pay $900 million, canal authorities said Tuesday.
How to deal with Suez contractual claims 1
April 14, 2021 | 09:00
After the Suez Canal incident last month causing wide disruption to global trade, attention has been turned to the legal implications surrounding the issue. Tony Nguyen, founder and senior partner of legal consultancy firm EPLegal, discusses the varying laws and contracts that could come into play.
Suez Canal incident keeps Vietnamese exporters busy
April 13, 2021 | 19:45
Local exporters continue to deal with the aftermath of the Suez Canal blockade that occurred last month, causing ripple effects throughout the globe’s trade system.
Lack of raw materials threaten wood prices
April 08, 2021 | 10:00
Input material prices for Vietnamese wood exporters have risen sharply, but most of them are stuck in the mud as there seems no suitable way to increase their selling prices accordingly.
Blame game begins as Suez blockage dents trade routes
April 07, 2021 | 13:00
More than the length of four football fields, it took an almighty international effort to free the Ever Given cargo ship from the Suez Canal.
Thoughts return to stronger rail options
April 07, 2021 | 11:53
The recent Suez Canal blockage may prompt governments to consider further development of multimodal transportation of goods, with different trans-continental rail routes.
Incident shows need for logistics resilience
April 07, 2021 | 11:50
Last week’s Suez Canal situation caused disruption to some of Vietnam’s exports and imports. Tran Thanh Hai, deputy director of the Ministry of Industry and Trade’s Agency of Foreign Trade, explained more to VIR’s Nguyen Thu on how the event has affected Vietnam’s trade and supply chains.
Suez Canal fiasco adding to prolonged trade difficulties
April 07, 2021 | 11:49
As the incident with the Ever Given on the Suez Canal has finally been resolved, Vietnam’s exporters can at least look forward to free routes for their goods. However, the pressure amid the ongoing health crisis and international trade tensions remains.
Egypt's commerce reputation survives Suez blockage: analysts
April 01, 2021 | 09:21
The near week-long shutdown of the Suez Canal threw an uncomfortable international spotlight on Egypt, but experts see limited overall fallout for its commercial shipping reputation.
Joy as megaship refloated, Suez Canal reopens to traffic
March 30, 2021 | 15:42
Vessels anchored for nearly a week began moving Monday through the Suez Canal after a grounded mega-ship was unwedged, sparking relief in a country that depends heavily on the global trade artery.
Asian markets mixed as rally fizzles, oil hit by Suez ship news
March 29, 2021 | 15:31
Asian markets were mixed Monday as traders struggled to maintain a morning rally following a record-breaking lead from Wall Street, while oil prices dropped on news of progress in shifting a cargo ship blocking the Suez Canal.
Ever Given ship in Suez Canal moved '80%' in right direction
March 29, 2021 | 15:17
The massive container ship blocking the Suez Canal for almost a week has been turned 80 percent in the right direction, officials said Monday, raising hopes the vital trade route could soon be clear.
Suez Canal breakdown puts local import and export on edge
March 29, 2021 | 14:00
Vietnam has been angling for solutions to help local goods reach the EU after being held up by the historic maritime blunder at the Suez Canal.
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