Suez Canal Authority

Suez Canal revenues record 20.3% growth during November 2023

Thu, 30 Nov 2023 - 10:48 GMT

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

Egypt announces up to 15% increase in transit fees for select vessels

Tue, 17 Oct 2023 - 02:57 GMT

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.

Strategic fee changes announced by Suez Canal Authority to boost competitiveness

Tue, 17 Oct 2023 - 05:53 GMT

The newly approved rate hikes are targeted towards several vessel types.

Sisi extends tenure of Suez Canal Authority Chief for 1 year

Sun, 13 Aug 2023 - 02:46 GMT

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.

All employees in Suez Canal Authority are Egyptians: Admiral Rabie

Sat, 12 Aug 2023 - 02:23 GMT

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 recovers sunken tugboat that collided with giant tanker

Tue, 08 Aug 2023 - 07:21 GMT

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”.

Head of Egypt’s SCA discusses ways of enhancing cooperation with Greece

Thu, 06 Jul 2023 - 02:53 GMT

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.

Egypt’s New canal played substantial role facing consequences of 'SEAVIGOUR' technical failure in waterway

Mon, 05 Jun 2023 - 12:59 GMT

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.

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.

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.

Saudi Company Bahri, Suez Canal intend to establish joint venture

Wed, 01 Mar 2023 - 04:50 GMT

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.

Suez Canal achieves highest monthly revenue in its history at $802 M

Thu, 02 Feb 2023 - 10:31 GMT

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.

Traffic not disrupted in Suez Canal after tanker breaks down: SCA

Wed, 01 Feb 2023 - 05:17 GMT

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.

Cargo ship refloated successfully after ‘simple malfunction’ in Egypt’s Suez Canal

Mon, 09 Jan 2023 - 10:07 GMT

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.

Port Said: World’s largest floating book fair starts receiving visitors

Fri, 06 Jan 2023 - 09:42 GMT

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 Sisi follows-up on the localization of fishing vessel Industry in Egypt

Mon, 02 Jan 2023 - 01:13 GMT

President Abdel Fattah El-Sisi followed up on Monday, efforts to localize the fishing vessel industry in Egypt.

Suez Canal Authority fund not backdoor for selling the canal: SCA

Thu, 22 Dec 2022 - 10:58 GMT

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.

Egypt’s House approves Suez Canal Authority Law amendment in principle

Mon, 19 Dec 2022 - 01:17 GMT

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.

SCA, South Red Sea Shipyard sign deal on tourism yacht industry

Thu, 15 Sep 2022 - 04:38 GMT

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.

US CENTCOM commander hails Egypt’s vision to develop Suez Canal in meeting with SCA chief

Mon, 12 Sep 2022 - 04:05 GMT

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.