Suez Canal Authority

Egypt's PMI slips to 11-month low as Suez Canal disruptions impact economy

Tue, 05 Mar 2024 - 11:53 GMT

The latest PMI reading indicates a notable decrease in demand, output, and employment levels across various sectors of the Egyptian non-oil economy

Egypt’s Suez Canal Authority chief, Italian shipping line ‘MESSINA’ discuss of cooperation in logistical services

Thu, 22 Feb 2024 - 12:17 GMT

Rabie expressed appreciation for the longstanding relationship with the Italian "MESSINA," which has recently seen an increase in the number of vessels transiting through the Suez Canal despite the current challenges in the Red Sea region.

Impact on Suez Canal’s revenues due to Red Sea attacks' to be absorbed: Finance minister

Sun, 11 Feb 2024 - 04:39 GMT

In February, Osama Rabie, the Chairman of Suez Canal Authority, revealed that revenues for January 2024 had decreased by 46 percent, amounting to $428 million compared to $804 million in January 2023

Suez Canal Authority announces its services to minimize Impact of current situation in Bab El-Mandab

Mon, 22 Jan 2024 - 03:08 GMT

Chairman and Managing Director of the Suez Canal Authority, Admiral Ossama Rabiee has announced the Authority’s readiness to cooperate with its client shipping lines and shipping agencies to minimize the impact of the current situation in the Red Sea

Maritime traffic remains normal despite Red Sea attacks: Suez Canal Authority

Mon, 18 Dec 2023 - 01:23 GMT

The authority reported that 2,128 vessels have crossed the canal since November 19, with only 55 vessels having been rerouted via the Cape of Good Hope

Photos: Suez Canal maintains normal traffic amid Red Sea tensions, says Chief

Sun, 17 Dec 2023 - 03:49 GMT

Osama Rabie, Chairman of the Suez Canal Authority, emphasized the normal flow of navigation through the Suez Canal, stating that the authority is closely monitoring the potential repercussions of ongoing tensions in the Red Sea on the canal's traffic.

4 tugboats towing cargo ship blocking Egypt’s New Suez Canal

Wed, 06 Dec 2023 - 04:09 GMT

It hit a floating bridge.

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.