88 percent of the dredging work to expand and deepen the southern sector of the Suez Canal has been completed, Chairman of the Suez Canal Authority (SCA) announced on Thursday.
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.
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.
Lieutenant-General Osama Rabie, Chairman of the Suez Canal Authority (SCA), said on Wednesday that revenues of the Suez Canal are expected to reach $7.8 billion by the end of the year.
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.
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 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.
Rabie said the Suez Canal enjoys several potentials which maximize its economic role as well as the well-experienced human cadres.
In a statement on Tuesday, Rabie said 1,774 ships transited the waterway in the two directions in January 2022 with a tonnage of 106.1 million tons compared with 1,594 ships in the same month in 2021.
Suez Canal Authority announced quickly refloating the CORAL CRYSTAL ship that ran aground on Thursday in the canal.
Egyptian President Abdel-Fattah El-Sisi on Sunday followed up on the performance and activity of the Suez Canal Authority as well as the projects in the canal’s economic zone (SCZone) and the joint efforts to develop the canal’s economic axis.
Head of the Suez Canal Authority Osama Rabie said on Wednesday that around 1670 ships have passed the Suez Canal in July.
Rabie said the solution would satisfy both parties and includes resolving the issue without going to the court in order to preserve the interests of all parties.
The 400-meter long Ever Given was successfully released after it has blocked hundreds of ships from crossing the narrow waterway. Around 12% of global trade passes through the Suez Canal.
“We are working round the clock to end the traffic jam in the canal and a total of 113 vessels will cross the canal from 6:00 pm on Monday to 8:00 am on Tuesday"
Egypt’s Suez Canal Authority (SCA), announced Monday that the Panamanian container ship ‘EVER GIVEN’ has been successfully refloated.
The HMM ST PETERSBURG was built earlier this year and is sailing under the flag of Panama.
Egyptian President Abdel Fattah El Sisi on Monday urged developing Suez Canal, including its navigation course and other facilities, to strengthen its role in global trade, in a meeting with the chief of the Suez Canal Authority, the Egyptian Presidency said.