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HISTORICAL FACTS: 4 - The Untold Story

Suez Canal Revenues Register 20% Increase in 3 Months

The Egyptian Suez Canal Authority (SCA) said on Saturday that the canal recorded revenues of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period last year. Osama Rabie, the head of the SCA, said that figures showed a “remarkable” rise in the number…

Asharq Al-Awsat

Egypt Inks Deal to Further Accelerate Supply of Green Fuels

Egypt signed on Monday a Memorandum of Understanding (MoU) with Maersk in a joint bid to further accelerate the supply of green fuels for ships as part of the shipping industry’s transition to net-zero. Egyptian Prime Minister Mostafa Madbouly witnessed the signing of the deal with the General Authority for…

Asharq Al-Awsat

Suez Canal says transit fees for ships will increase in May

Egypt says it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal

The Independent UK

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Egypt’s Suez Canal Increases Tolls for Laden Crude Oil Tankers

Egypt's Suez Canal Authority said on Tuesday it will temporarily increase a surcharge levied on laden crude oil tankers and petroleum products tankers transiting the canal in both directions to 15% of normal dues from 5%, effective May 1. It said that ballast crude oil tankers and petroleum products tankers…

Asharq Al-Awsat

Cargo Ship Runs Aground in US, a Year after Sister Vessel Blocked Suez Canal

The Ever Forward container ship is currently grounded in the Chesapeake Bay near Baltimore, according to the US Coast Guard, nearly a year after another ship run by the same company blocked the Suez Canal for six days. The container ship is operated by Evergreen Marine Corp Taiwan Ltd, the…

Asharq Al-Awsat

Ever Given’s sister vessel Ever Forward runs aground in US

The container ship the Ever Forward has run aground in the US, following in the footsteps of its sister vessel the Even Given after it infamously got stuck in the Suez Canal for six days last year.

Evening Standard

Deja vu: Evergreen container ship grounded again

Nearly one year after the cargo ship Ever Given captured worldwide audiences when it blocked the Suez Canal, a sister vessel is repeating the feat.

The New Daily

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Ever Forward: Cousin of container ship which got stuck in Suez Canal runs aground off US coast

Ever Given blocked Suez Canal for almost a week, causing a backlog of 400 container ships and delays in the global supply chain

The Independent UK

Huge cargo ship blocks US harbour forcing other vessels to use slow one-way route

The 334-metre Ever Forward became stuck close to the US capital, almost a year after its cousin - the infamous Ever Given ship - blocked the Suez Canal in Egypt

Daily Mirror

Egypt, Norway’s Scatec Sign MOU on Green Ammonia Project

Egypt has signed a memorandum of understanding for a $5 billion project with Norway’s Scatec (SCATC.OL) to build its first green ammonia plant in the Suez Canal Economic Zone, the cabinet said on Thursday. The green ammonia plant near the Red Sea port and industrial zone of Ain Sokhna would…

Asharq Al-Awsat

Egypt raises transit fees by up to 10 per cent for ships passing through Suez Canal

The hikes could later be revised or called off, according to changes in global shipping

Wales Online

Egypt Hikes Suez Canal Transit Fees for Ships

Egypt increased transit fees Tuesday for ships passing through the Suez Canal, one of the world’s most crucial waterways, with hikes of up to 10%, officials said. The Suez Canal Authority said on its website the increases were “in line with the significant growth in global trade" and cited the…

Asharq Al-Awsat

Cash-strapped Egypt hikes Suez Canal transit fees for ships

Cash-strapped Egypt has increased transit fees for ships passing through the Suez Canal, one of the world's most crucial waterways

The Independent UK

New East Lothian town's first council houses delayed by Suez Canal blockage and Brexit

Blindwells is expected to have 1,600 new homes with further expansion planned in the future but difficulty with materials has caused some delays on the site

Edinburgh Live

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Asharq Al-Awsat

Suez Canal Expansion to Increase Two-Way Section by 10km

Works are under way to expand the two-way section of the Suez canal to 82 km (51 miles) from 72 km, the chairman of the authority managing the Egyptian waterway said on Tuesday. Suez Canal Authority Chairman Osama Rabie told a news conference that it would be too expensive to…

Asharq Al-Awsat

The Historic Meeting between Saudi King Abdulaziz, US President Roosevelt

Every year on February 14, the Saudis and Americans remember the first meeting that brought together King Abdulaziz bin Abdul Rahman with then US President Franklin Roosevelt in the Great Bitter Lake in the Suez Canal. The historic meeting was known as the Quincy Summit or the Quincy Meeting, in…

Asharq Al-Awsat

Egypt to Boost Suez Canal Economic Zone as it Hosts COP27

The Egyptian government is seeking to reinforce the role of the Suez Canal Economic Zone (SCZone) as Egypt hosts the United Nations Climate Conference (COP27) in Sharm El-Sheikh in November. Prime Minister Mostafa Madbouly met Monday with Yehia Zaki, the Chairperson of SCZone, to review global offers for green hydrogen…

Asharq Al-Awsat

Greece’s Thessaloniki Port Teams up with Suez Canal to Boost Business

Thessaloniki Port Authority , the operator of Greece's main port in the north, has teamed up with Suez Canal Economic Zone in Egypt, seeking to boost their business activities, the Greek port said on Wednesday. Thessaloniki port, a main gateway to the Balkans, has signed an agreement with Suez Canal…

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