SCA
Rabie met with Gérard Mestrallet, French President Emmanuel Macron’s special envoy for the IMEEEC, earlier today to discuss potential areas of collaboration.
Rabie highlighted the significance of collaboration amid global geopolitical and environmental challenges affecting maritime transport. He reaffirmed the SCA’s dedication to working with international partners to boost operational efficiency and facilitate trade.
In a meeting with representatives from 23 prominent maritime companies, Rabie shared his optimism about the region’s recovery
Addressing current security challenges, Rabie explained the importance of flexible responses, including direct communication with all partners and stakeholders. He noted that Egyptian military diplomats abroad must be well-informed about the challenges facing the Suez Canal in relation to the regional geopolitical situation.
The crossing of the barge took nearly 24 hours and required complex navigational arrangements, the SCA chief says
Rabie confirmed that Egypt is implementing an integrated strategy to encourage yacht tourism in the Suez Canal.
Egypt’s President Abdel Fattah El Sisi issued Resolution No. 327 for year 2024, extending service of Chairman of the Board of Directors and Managing Director of the Board of Directors of the Suez Canal Authority (SCA) Osama Rabie for a period of one year starting Monday August 12, 2024.
The number of transiting vessels dropped by 11.5 percent, with net tonnage passing through the canal falling by 15.6 percent to close the first 9 months of the fiscal year at 944.9 million tons
"The museum will remain a memory for the canal and a witness to what it has gone through," Rabie added.
Both officials made an inspection tour of the Suez Marine Shipyard Company, one of The Authority’s affiliated companies, to follow up on the progress of work and determine the results of the company’s comprehensive development plan, the statement said.
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.
Rabie stressed that the meeting was held to open direct channels of communication with all its clients to consult on the current situation in the Red Sea and Bab al-Mandab region and to discuss the proposed recommendations to enhance cooperation with the Suez Canal.
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.
Additionally, the Suez Canal Authority, in a navigational circular, approved a 5 percent increase in regular transit fees for dry bulk cargo ships, general cargo ships, and roll-on/roll-off ships, among others.
The newly approved rate hikes are targeted towards several vessel types.
Navigation through the Suez Canal has been back to normal after tugboats managed to tow the two tankers that slightly collided and broke down in the global waterway, disrupting traffic.
88 percent of the dredging work to expand and deepen the southern sector of the Suez Canal has been completed, Chairman of the Suez Canal Authority (SCA) announced on Thursday.
“The [digging of] new Suez Canal was a correct vision, and the crossing of this large number of ships would not have taken place in the old canal only […] the new Suez Canal opened new horizons,” he said in comments to AlHayat Al Youm talk show on Al Hayat T.V.
The Suez Canal has recorded its highest daily transit rate as 107 ships are set to cross the international trade route on Monday with net tonnage of 6.3 million tons, Chairman of the Suez Canal Authority Osama Rabie has said in a statement.
The Suez Canal Economic Zone (SCZONE) announced Thursday that the world's largest floating book fair "Logos Hope" started to receive visitors willing to get acquainted with its collection of international books.
