Bulk provider ship Glory grounded in Suez Canal, says transport agency

Bulk provider ship Glory grounded in Suez Canal, says transport agency


The Suez Canal in Ismailia, Egypt, on Thursday, March 25, 2021.

Islam Safwat | Bloomberg | Getty Images

Bulk carrier Glory ran aground in the Suez Canal on Monday early morning, according to shipping and delivery agency Leth, which claimed efforts to refloat the vessel ended up underway.

The ship is sailing beneath the flag of the Marshall Islands, according to MarineTraffic and VesselFinder.

An personnel of the Suez Canal Authority, who could not be named as the information had not been formally announced, informed CNBC that other ships in the canal were being even now capable to go the grounded Glory by all-around 7:30 a.m. London time.

Arabic information channel Al-Arabiya cited Osama Rabie, chairman of the Suez Canal Authority, as stating that the ship had run aground but was becoming floated, according to a Google translation. He extra that the grounded was not impacting navigation by means of the waterway, the report reported.

The Suez Canal is a person of the world’s most important waterways, with its 120 miles internet hosting 30% of international transport container site visitors and 12% of all world-wide trade value about $1 trillion per year.

In March 2021, a enormous 220,000-ton tanker referred to as At any time Provided bought trapped across the Suez Canal for six days, resulting in its longest-ever closure thanks to a ship and holding up some $60 billion of trade.”

This is a producing story and will be updated shortly.



Source

U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought
World

U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought

A shopper holds Macy’s bags outside the company’s flagship store in the Herald Square neighborhood of New York, July 15, 2025. Alan Chin | Bloomberg | Getty Images The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic […]

Read More
Best Stocks: Another name to ride the trading boom than Robinhood that’s cheaper
World

Best Stocks: Another name to ride the trading boom than Robinhood that’s cheaper

(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — Robinhood (HOOD) gets lots of attention in the market given its rapid user growth and colorful approach to exposing millions of young people to investing. Its share price has increased almost […]

Read More
Nvidia stock turns positive in premarket trading as investors buy dip following earnings report
World

Nvidia stock turns positive in premarket trading as investors buy dip following earnings report

Jensen Huang, CEO of Nvidia, speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Gonzalo Fuentes | Reuters Nvidia stock briefly turned positive on Thursday during premarket trading after the chipmaker reported better-than-expected earnings and revenue for the fiscal second […]

Read More