Suez Canal Authority
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.
In comments to local media, Abu Bakr said that Egypt has obtained appropriate compensation and a modern locomotive as part of the compensation.
The Suez Canal Authority (SCA) will hold, on Tuesday, a big celebration to mark the first anniversary of the authority’s success in refloating the Panama-flagged ship Ever Given.
As per the Suez Canal Authority’s (SCA) decision, ro-ro ships, heavy-lift ships, and car carriers will pay an additional fee of 7 percent of the normal transit fees.
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.
The giant container vessel that ran aground in Egypt’s Suez Canal and blocked trade for six days before it could be re-floated reached Port Said as it is returning from Europe to south eastern Europe.
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.
Bernhard Schulte Shipmanagement (BSM), the ship-manager of the containership EVER GIVEN said that three of the crew members were granted permission by the Suez Canal Authority (SCA) to leave the ship.
“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"
“We are most grateful to the Suez Canal Authority and all the concerned parties for their assistance and support through this difficult and unfortunate situation,” Evergreen Line said in a statement.
President Abdel Fattah al Sisi said, Monday that Egyptians succeeded to end the crisis of aground vessel EVER GIVEN despite the enormous technical complexity that surrounded the process.
Egypt’s Suez Canal Authority (SCA), announced Monday that the Panamanian container ship ‘EVER GIVEN’ has been successfully refloated.
Being stranded in the canal, the Ever Given ship resulted in the suspension of the international maritime trade through the canal.
Egyptian Suez Canal Authority (SCA) announced, Friday resuming efforts to re-float the delinquent ship "Ever Given using 9 gigantic locomotives.
Work of the pulling the ship to reflaot it will resume by tugs "Baraka 1" and "Izzat Adel," following the end of dredging work, SCA chief said, noting that the average of the total amount of sand that is being dredged is between 15,000 and 20,000 cubic meters.
"It is like an enormous beached whale. It's an enormous weight on the sand,” Peter Berdowski, CEO of the Boskalis dredging and heavylift company said.