suez canal
The Suez Canal Authority (SCA) announced in a statement that a total of 74 ships crossed the waterway from both directions on Thursday, with a total net tonnage of 4.8 million tons.
The incident occurred because of an engine failure during the ship's transit in the waterway.
Net tonnage climbed from 114.6 million tonnes to 133.3 million tonnes over the comparable period.
The Suez Canal Economic Zone (SCZone) announced localizing a number of new industries on the occasion of the Sinai Liberation Day celebrations.
The agency showed that the revenues were about L.E. 8.6 billion in the same month in 2022, recording an increase of about L.E. 14.1 billion.
Chairman of the Suez Canal Authority Admiral Osama Rabie checked up Sunday on the building of the tugboats.
Egypt's Ministry of Planning has allocated investments worth about EGP 13.1 billion to the Suez Canal Authority in its 2022/2023 plan.
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.
President Abdel Fattah El-Sisi convened Tuesday with Prime Minister Mostafa Madbouly and Chairman of the Suez Canal Authority Admiral Ossama Rabiee.
Egypt's President Sisi met with officials to discuss Suez Canal's exceptional Q1 performance, with record daily traffic and a 35% revenue surge.
“Don’t think that the current [economic] crisis would last. Ten years ago, everyone was asking when terrorism would end. It ended thanks to you. This current crisis will end thanks to you as well,” the President said.
Chairman of the Suez Canal Authority (SCA) Osama Rabie witnessed on Tuesday a celebration organized by Port Said Naval Shipyard to mark raising the national flag on Amin Zaid tugboat.
Prime Minister Mostafa Madbouli attended Monday the signing ceremony.
Lieutenant General Osama Rabie added that there is also maritime cooperation with the Danish company Maersk.
“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.
Egypt's revenues from the tax on the profits of the Suez Canal amounted to about LE 23.97 billion during (July-December 2022), compared to LE 14.4 billion during the same period of the previous fiscal year.
He pointed out that work is being done in the navigational stream continuously, as work is being done on 40 kilometers in the south, which is expected to be completed in 2023, which improves maritime traffic in this part by 28 percent.
The vessel resumed its navigation to Portugal after it ran aground at the point of 78 km of the canal, the SCA added.
President Abdel Fatah al-Sisi hailed the long bilateral relations between Egypt and Hungary as “role model” in light of the current circumstances and global challenges.
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