suez canal
President El-Sisi pointed out the state's keenness to achieve strong, sustainable, and balanced economic growth, strengthen the role of the private sector, focus on the sectors of agriculture, industry, communications, information technology and tourism, and increase their contributions to the domestic product
"The museum will remain a memory for the canal and a witness to what it has gone through," Rabie added.
The latest PMI reading indicates a notable decrease in demand, output, and employment levels across various sectors of the Egyptian non-oil economy
The project aims to increase the capacity of the canal by 6 ships, and increase the navigational safety factor in that sector by 28%.
In response to the crisis, the Suez Canal Authority has held meetings with various stakeholders to address disruptions in global supply chains. Efforts have focused on mitigating the impact of prolonged journey times via the Cape of Good Hope route and addressing the lack of ports and logistical services along this route.
In contrast, the Cape of Good Hope witnessed a surge of nearly 75 percent in shipping volume, as stated by Kozack
Kozack emphasized that the IMF team and the Egyptian authorities have reached a consensus on the key components of the program, with the authorities demonstrating a strong commitment to its implementation
Mollema emphasized the strength of the strategic relations between the Netherlands and Egypt, acknowledging the pivotal role played by the Suez Canal as a vital link between Europe and Asia
In February, Osama Rabie, the Chairman of Suez Canal Authority, revealed that revenues for January 2024 had decreased by 46 percent, amounting to $428 million compared to $804 million in January 2023
"Before the Red Sea disruptions, 2-3 ships used to pass through the Suez Canal daily... currently no ships of the company are passing through the canal," CEO Hashimoto said on the sidelines of India Energy Week in Goa
U.S. Ambassador to Egypt Herro Mostafa Garg, who assumed office in November, paid the Suez Canal an official visit, meeting with Admiral Osama Rabie, the authority's chairman.
On his part, Mr. Guy Platten has expressed his appreciation of the SCA's efforts that are exerted towards achieving effective communication with all the key players in the maritime community. He emphasized the positive impact of communication on understanding the current conditions in the maritime transport market as well as the consecutive variables it witnesses.
It was hit on January while heading from Vietnam to Israel.
his meeting with Secretary-General of the International Maritime Organization (IMO) Arsenio Dominguez on Thursday via video conference, Chairman of the Suez Canal Authority (SCA) Admiral Ossama Rabie said that the current situation in the Red Sea region may exacerbate the harmful carbon emissions of vessels as they consume larger amounts of fuel when they take alternative routes.
Shipping companies continue to select alternative routes to their destinations as Houthi attacks target Israel-linked vessels near the strategic Bab Al-Mandeb Strait in the Red Sea
International ratings agency, Moody’s, believes that, while the partial Red Sea blockade is expected to impact Egypt's current account receipts through the canal’s authority
During the first 11 days of January, the number of ships crossing the canal decreased by 30 percent to 544 ships, and the tonnage transversing the canal decreased by 41% compared to the previous year.
Lieutenant General Osama Rabie, Chairman of the Suez Canal Authority, said on Friday that navigation movement in the canal is regular from both directions.
In October 2023, there were 705 oil tankers, compared to 590 in the same month of 2022, an increase of 115 oil tankers.
The total number of ships crossing the Suez Canal has increased significantly in the recent period, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).
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