Suez Canal Authority
The number of ships passing through the Canal during November 2023 also saw growth, totaling 2264, compared to 2171 in November 2022. This represents a 4.3 percent increase in ship traffic
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.
Rabie assumed the position of the SCA chairperson in August 2019 as a successor to former Chairperson Mohab Mamish, who became an advisor to the president for seaports.
He noted that the Russian-Ukrainian war has no impact on the trade movement, and this is an indication of the important role of the canal as a major trade corridor globally.
Suez Canal Authority (SCA) announced Tuesday the success of the operation to recover the sunken tugboat that collided with a giant tanker in the Suez Canal “Fahd”.
For his part, Miltiadis Varvitsiotis said that the Suez Canal will remain one of the strategic axes of the global trade movement, praising the canal's integrated vision in developing its capabilities to play its vital role optimally.
Chairman of the Suez Canal Authority (SCA) Osama Rabie said that the new canal played substantial role facing the consequences of oil tanker ‘SEAVIGOUR,’ failure in the shipping lane, which delayed other vessels in the waterway.
Egypt's Ministry of Planning has allocated investments worth about EGP 13.1 billion to the Suez Canal Authority in its 2022/2023 plan.
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.
Bahri added in a filing to the Saudi Stock Exchange that the company will be an Egyptian joint stock company for maritime transport, and is specialized in owning, chartering and operating ships to transport general and bulk cargo, chemicals, oil and all operations related to maritime transport.
Head of the Suez Canal Authority Osama Rabei said on Thursday the international waterway achieved in January the highest monthly revenue in its history, reaching $802 million, surpassing the record achieved in August by $56.4 million.
A tanker that broke down in Suez Canal on Wednesday has not disrupted traffic in the international maritime route and was pulled to the side of the canal, Suez Canal Authority (SCA) Chairman Osama Rabie said.
Egypt’s Suez Canal Authority said, Monday that ‘Glory’ Cargo ship has been refloated successfully after ‘simple malfunction’ did not affect the navigational movement at the strategic waterway.
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.
President Abdel Fattah El-Sisi followed up on Monday, efforts to localize the fishing vessel industry in Egypt.
The canal and its management will remain wholly owned by the Egyptian state and subject to its sovereignty, and the entire staff of the Canal Authority, including employees, technicians and administrators, will remain Egyptian citizens.
The House of Representatives has approved in principle to a draft law presented by the government on amending some articles of Law 30 of 1975 on the Suez Canal Authority system.
The signing ceremony was attended by Admiral Osama Rabie, the statement added, noting that Rabie hoped that this cooperation help localize the tourism yacht industry as it was directed by President Abdel Fattah El-Sisi.
Kurilla affirmed the importance of the Suez Canal as a vital lifeline for the entire world as he held a meeting on Monday with Osama Rabie, chairman of the SCA, during the former’s visit to Egypt.