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