Suez Canal Authority

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.

Sisi warns of malicious campaigns to cast doubts on Egypt’s development achievements

Thu, 08 Sep 2022 - 12:42 GMT

The president made the statements on Thursday during the inauguration of the Olympic Village of the Suez Canal Authority (SCA) in Ismailia city.

Sisi urges developing Suez Canal Authority’s efforts to localize fishing vessels industry

Sat, 03 Sep 2022 - 06:36 GMT

In a meeting with SCA Chairman Osama Rabie, Sisi ordered developing these efforts to produce fishing boats that are used locally by fishermen in Egyptian lakes that have been developed, including Lake Manzala.

Egypt’s president extends tenure of Osama Rabie as chairman of Suez Canal Authority

Fri, 12 Aug 2022 - 11:41 GMT

Egyptian President Abdel Fattah El-Sisi has extended the tenure of Osama Rabie as chairman of the Suez Canal Authority (SCA) for another year effective from 12 August, the Official Gazette has reported.

Egypt approves establishment of Suez Canal Authority Fund

Thu, 21 Jul 2022 - 01:27 GMT

The fund aims to contribute to the sustainable economic development of the Suez Canal Authority facility and its development through the optimal use of its funds, in accordance with the best international standards and rules to maximize its value.

Ships transiting Suez Canal increased by 10% this year: SCA chief

Fri, 20 May 2022 - 01:00 GMT

The number of ships transiting the Suez Canal has increased by 10 percent until May this year compared to the same period last year, Suez Canal Authority Chairman Osama Rabie said.

Mammoth Ever Arm vessel crosses Suez Canal on its maiden voyage

Fri, 15 Apr 2022 - 01:15 GMT

The Suez Canal international route witnessed on Thursday the crossing of the mammoth Ever Arm vessel on its maiden voyage heading to the port of Rotterdam in the Netherlands from Malaysia.

Egypt’s Suez Canal Authority launches mobile app ‘SC Crossings’ to facilitate traffic movement for citizens, local shipments

Sun, 03 Apr 2022 - 03:56 GMT

The new application aims to facilitate movement for the citizens and domestic shipping between the two banks of the canal in the three governorates of Port Said, Ismailia and Suez, he added.