suez canal

Egypt raises transit tolls for vessels passing through Suez Canal by 15%

Sat, 17 Sep 2022 - 06:17 GMT

The SCA Chief also stated that the increase is inevitable and a necessity in light of the current global inflation rates that reached more than 8% which translates into increased operational costs and the costs of the navigational services provided in the Canal.

Accelerating digital transformation 'main pillar' in developing Suez Canal economic zone

Mon, 12 Sep 2022 - 03:46 GMT

The economic and social development plan for the fiscal year 2022/2023 revealed the continuation of development efforts for the economic zone of the Suez Canal, to maximize the economic returns from it.

Overview on Egyptian SCA’s new locally-manufactured maritime units

Thu, 08 Sep 2022 - 04:31 GMT

The units include dredgers, tugging boats, and ferries that come to raise the level of maritime services for transiting ships in the navigational waterway, according to a report issued by the SCA on Thursday.

Photos: Egypt’s president opens Suez Canal’s Olympic Village, witnesses hoisting of flags on new vessels

Thu, 08 Sep 2022 - 10:51 GMT

The president also witnessed the hoisting of flags on a number of new locally-made vessels in the canal accompanied by SCA Chairman Osama Rabie.

Egypt’s SCA: 57 ships crossed Suez Canal after releasing grounded AFFINITY V vessel

Thu, 01 Sep 2022 - 12:14 GMT

The Oil tanker AFFINITY V coming from Portugal run aground in the Suez Canal at 7 pm (Cairo time) on Wednesday and was released into its navigational course 5 hours later.

SCA succeeds in floating oil tanker ‘Affinity’ after running aground in Suez Canal Wednesday

Wed, 31 Aug 2022 - 11:06 GMT

A large oil tanker coming from Portugal run aground in the Suez Canal at 7 pm on Wednesday, and was released into its navigational course five hours later.

SCZone, Toyota Tsusho Corporation sign MoU

Wed, 17 Aug 2022 - 04:28 GMT

The move falls within the framework of continued cooperation between the SCZONE and the Japanese side in order to increase the number of Japanese projects in the economic zone.

Suez Canal revenues record LE 12.3B in June: CAPMAS

Thu, 11 Aug 2022 - 02:38 GMT

Since the beginning of this year, the revenues of the Suez Canal have witnessed successive increases, as revenues recorded about LE 11.6 billion in April, compared to LE 8.7 billion in the corresponding month in 2021, with an increase of LE 2.9 billion.

Maersk Group invests $500M in Suez Canal

Thu, 11 Aug 2022 - 01:43 GMT

The authority stated that the agreement aims to increase the rate of ships transiting the canal.

Egypt's Suez Canal achieved unprecedented revenues worth $7 bln this year - SCA chief

Sun, 07 Aug 2022 - 01:46 GMT

In a phone interview with the Sada El Balad channel, Rabie noted this year's revenues increased from 10% to 25% compared to 2021, describing the new figures as good and unprecedented in the canal's history.

Suez Canal achieves highest monthly revenue in its history at $704M

Tue, 02 Aug 2022 - 03:28 GMT

The total net tonnage increased 18.2 percent or 19.3 million tons, reaching 125.1 million tons compared to 105.8 million tons during July 2021.

Nationalization of Suez Canal: Gamal Abdel Nasser faces Western forces, returns canal to Egypt

Wed, 27 Jul 2022 - 12:38 GMT

The Suez Crisis began when Egyptian President Gamal Abdel Nasser nationalized the Suez Canal on July 26, 1956.

Suez Canal achieves highest annual revenue in its history at $7B

Mon, 04 Jul 2022 - 01:54 GMT

Rabie attributed the big leap in the revenues to the increase in the number and tonnage of ships transiting the canal during the fiscal year 2021/2022.

Largest container ship 'EVER ART' crosses New Suez Canal for 1st time

Thu, 30 Jun 2022 - 02:10 GMT

EVER ART is the largest container ship in the world, and follows the shipping line "EVER GREEN".

Egypt to build automotive factory in SCzone targeting to produce 75K vehicles per annum in 1st phase

Tue, 14 Jun 2022 - 03:32 GMT

Prime Minister Mostafa Madbouli attended Tuesday the signing of a quadrilateral memorandum of understanding (MoU) to build an automotive factory in the Suez Canal Economic Zone (SCzone) located Eastern Port Said.

Suez Canal's revenues reaches $7 billion this fiscal year

Mon, 13 Jun 2022 - 12:11 GMT

The navigation path pf the Suez Canal received 22 thousand ships this fiscal year compared to 19 thousand ships last year, recording an increase of 15 percent, according to Lieutenant-General Osama Rabie, head of the Suez Canal Authority.

Egyptian president holds meeting to follow up on projects relevant to food security

Sun, 12 Jun 2022 - 07:51 GMT

President Abdel Fatah al-Sisi held a meeting Sunday with Prime Minister Mostafa Madbouli, Minister of Agriculture and Land Reclamation Al Sayed al-Qusair, and Chairman of the Suez Canal Authority Osama Rabie.

Sisi orders continuing efforts to develop Egypt’s seaports system

Mon, 06 Jun 2022 - 06:54 GMT

This should come in integration with the Suez Canal axis and acts as a link between the east and the west in a way that maximizes the process of trade exchange between the nations of the world, the Egyptian presidency cited Sisi as saying in a statement.

Suez Canal seeks to acquire 15% of world trade traffic

Mon, 06 Jun 2022 - 02:46 GMT

Osama Rabie added, during a TV interview, that 80 ships are scheduled to pass through the Canal on Monday, and the number is targeted to reach 100 ships per day.

Memory of the day: Israel attacks Egypt, Syria & Jordan in what is known as the Six-Day War in 1967

Sun, 05 Jun 2022 - 10:51 GMT

In the following lines, ET sheds light on the most important world events that took place on June 5.