THE TRUTH ABOUT: Canal authority - The Untold Story

Container ship refloated in Egypt's Suez Canal after breakdown- Canal Authority

A container ship that broke down in Egypt's Suez Canal on Sunday causing some traffic to be diverted has resumed its journey, the Canal Authority said.

Reuters · Mar 5, 2023

Suez Canal Authority to Raise Transit Fees by 15% in 2023

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, the Canal Authority's Chairman Osama Rabie said on Saturday. Transit fees for bulk and tourist ships will be raised by 10%, Rabie added. The fee increase will be applied starting Jan 1, 2023. Rabie…

Asharq Al-Awsat · Sep 18, 2022

Suez Canal Records All-time Highest Monthly Revenue

Egypt’s Suez Canal revenue reached $704 million in July, Canal Authority Chairman Osama Rabea said on Tuesday. The figure represents a 32.4% increase from the same month last year, when the canal only recorded $531.8 million. The canal is the fastest shipping route between Europe and Asia and one of…

Asharq Al-Awsat · Aug 3, 2022