suez canal

Pics: Shipping vessels regularly navigate in Suez Canal after refloating Hong Kong-flagged ship

Thu, 25 May 2023 - 12:54 GMT

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.

Egypt's Suez Canal refloats aground bulk carrier 'Xi Hai Tong 23' in 1h 16 min.

Thu, 25 May 2023 - 11:12 GMT

The incident occurred because of an engine failure during the ship's transit in the waterway.

Suez Canal revenue surges to $904.5 million at end of April 2023

Mon, 08 May 2023 - 04:58 GMT

Net tonnage climbed from 114.6 million tonnes to 133.3 million tonnes over the comparable period.

SCZone announces localizing number of new industries in coincidence with Sinai liberation celebrations

Mon, 24 Apr 2023 - 12:38 GMT

The Suez Canal Economic Zone (SCZone) announced localizing a number of new industries on the occasion of the Sinai Liberation Day celebrations.

Suez Canal revenues record LE 22.7 bln last February: CAPMAS

Mon, 24 Apr 2023 - 10:54 GMT

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.

Egypt's Suez Canal to launch 6 new tugboats, floating port by end of 2023

Mon, 17 Apr 2023 - 03:30 GMT

Chairman of the Suez Canal Authority Admiral Osama Rabie checked up Sunday on the building of the tugboats.

Suez Canal revenue jumps 35% in Q1 2023

Sun, 16 Apr 2023 - 02:38 GMT

Egypt's Ministry of Planning has allocated investments worth about EGP 13.1 billion to the Suez Canal Authority in its 2022/2023 plan.

Dredging work to expand, deepen Suez Canal’s southern sector nearing completion

Thu, 13 Apr 2023 - 08:13 GMT

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.

Egyptian president briefed on Suez Canal performance in 1st quarter of 2023

Wed, 12 Apr 2023 - 11:03 GMT

President Abdel Fattah El-Sisi convened Tuesday with Prime Minister Mostafa Madbouly and Chairman of the Suez Canal Authority Admiral Ossama Rabiee.

Suez Canal revenues surge by 35% in Q1 2023, reports Egyptian Presidency

Tue, 11 Apr 2023 - 04:12 GMT

Egypt's President Sisi met with officials to discuss Suez Canal's exceptional Q1 performance, with record daily traffic and a 35% revenue surge.

Egypt’s President Sisi: Economic crisis will end

Sat, 01 Apr 2023 - 05:30 GMT

“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.

Photos: Suez Canal Authority flies Egypt flag on Amin Zeid tugboat in Port Said

Tue, 21 Mar 2023 - 09:17 GMT

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.

Antipollution SA to establish subsidiary in Egypt in partnership with Suez Canal Authority

Mon, 20 Mar 2023 - 12:41 GMT

Prime Minister Mostafa Madbouli attended Monday the signing ceremony.

Egypt, Denmark have great cooperation in different aspects: Suez Canal Authority head

Tue, 14 Mar 2023 - 10:36 GMT

Lieutenant General Osama Rabie added that there is also maritime cooperation with the Danish company Maersk.

SCA Chief: New Suez Canal contributes to increasing daily transit rate

Mon, 13 Mar 2023 - 09:50 GMT

“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.

Photos: Egypt’s Suez Canal sees all-time highest daily transit rate Monday: SCA chief

Mon, 13 Mar 2023 - 10:20 GMT

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.

Suez Canal adds LE 41.29B to Egypt's treasury in 6 months

Wed, 08 Mar 2023 - 05:23 GMT

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.

Suez Canal targets revenues of nearly $9B in 2023

Wed, 08 Mar 2023 - 04:11 GMT

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.

Liberia-flagged MSC ISTANBUL refloated few hours after going aground in Suez Canal

Sun, 05 Mar 2023 - 06:11 GMT

The vessel resumed its navigation to Portugal after it ran aground at the point of 78 km of the canal, the SCA added.

Sisi: Egypt-Hungary relations are 'role model' amid global challenges

Tue, 28 Feb 2023 - 12:56 GMT

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.