INSANE: Suez canal authority | Vintage Vibes

Cargo Ship Runs Aground in Suez Canal, Traffic Not Impacted

A cargo vessel ran aground in the Suez Canal on Sunday, but traffic through the global waterway was not impacted, Egyptian authorities said. The Liberia-flagged MSC Istanbul, heading to Portugal from Malaysia, got stuck in a two-lane part of the Suez Canal, said Adm. Ossama Rabei, head of the Suez…

Asharq Al-Awsat · Mar 6, 2023

China to Invest $5 Bn in Egypt

Egypt's Suez Canal Economic Zone is in negotiations with Chinese companies to implement investment projects worth $5 billion, according to an official statement from the Suez Canal Authority. The deputy chairman of the southern part of the Zone, Walid Youssef, visited the Chinese industrial zone TEDA in Ain Sukhna on…

Asharq Al-Awsat · Feb 21, 2023

Suez Canal Amends Tolls for Oil Tankers

Egypt’s Suez Canal Authority said it will amend a surcharge on loaded crude oil tankers to 25% of normal transit dues and on empty crude oil tankers to 15% of the dues, effective April 1, according to a circular issued on Tuesday. It added that the additional fees were temporary…

Asharq Al-Awsat · Feb 15, 2023

Sisi Hails Gulf Support for Egypt

Egyptian President Abdel Fattah el-Sisi praised the Gulf support for his country, especially during the periods that followed the upheavals in January 2011 and June 2013. Sisi’s comment came during the inauguration of projects in the Suez Canal Authority on Thursday. In his speech, the Egyptian president said that Saudi…

Asharq Al-Awsat · Sep 9, 2022

Another Tanker Briefly Blocks Egypt's Suez Canal

An oil tanker briefly became stuck in Egypt's Suez Canal on Wednesday night, officials announced, raising fears that last year's major blockage of the global maritime route could be repeated. The Affinity V "ran aground in the Suez Canal at 19:15" (17:15 GMT)", a security source told AFP, adding that…

Asharq Al-Awsat · Sep 1, 2022

Suez Canal briefly blocked again after another ship, Affinity V, becomes stuck

Tanker blocked canal for hours, close to where Ever Given container ship became stuck, disrupting supply chains for a week

The Guardian - AU · Sep 1, 2022

Another ship got stuck in the Suez Canal. But the Affinity V blockage was short-lived compared to the Ever Given saga

The Suez Canal Authority says two tug boats were able to refloat the oil tanker, with a rudder malfunction causing the 252-metre vessel to become wedged in the lane.

ABC News · Sep 1, 2022

Ship refloated after running aground in Egypt's Suez Canal

Tug boats refloated an oil tanker that was briefly stranded in Egypt's Suez Canal late on Wednesday after to a technical fault with its rudder, the Suez Canal Authority (SCA) said.

Reuters · Aug 31, 2022

Egypt Adopts Measures to Rationalize Electricity Consumption

Egypt is seeking to increase its hard currency revenues, as a result of the rise in interest rates on the dollar. Egypt’s financing needs are increasing despite record revenues achieved from the Suez Canal Authority, which reached USD 7 billion in the last fiscal year, remittances from Egyptians abroad that…

Asharq Al-Awsat · Aug 10, 2022

Egypt’s Suez Canal Records All-time Highest Daily Traffic Rate on Saturday

Traffic passing through Egypt's Suez Canal on Saturday reached an all-time record per day in the canal's history with 89 ships carrying a total net tonnage of 5.2 million tons passing through both directions. Suez Canal Authority (SCA) Chairman Osama Rabea said in a statement that a total of 44…

Asharq Al-Awsat · Aug 7, 2022