Tag: Suez Canal

The Suez Canal Authority (SCA) recently announced that is still open to negotiate with the owners of the Ever Given container ship.

Shoei Kisen did not manage to freen Ever Given, as both the Suez Canal Authority (SCA) and the court dismissed the company's latest legal efforts.

Following the Ever Given's groudning, which blocked the Suez Canal in both directions, Suez Canal Authority plans to expand and deepen the southern stretch of the waterway.

Ever Given's owner has filed an appeal before the Ismailia court against Egypt’s decision to seize the vessel and its cargo.

Following the recent Suez Canal blockage, terminals and shipping lines are focusing on coordinating the empty containers, so that they are in the terminal yards for the shortest possible time.

In light of the Suez Canal blockage by the Ever Given the previous week, Egypt could be lining up a $1bn claim in damages and losses.

Encouraging VLCCs & ULCCs (of DWT more than 250,000 tons) to transit the Suez Canal, Suez Canal Authority decided to slash tolls for laden VLCCs heading from Europe to Asia.

Suez Canal Authority (SCA) made clear that will continue allow ships to use heavy fuel oil (HFO) when transiting through the waterway, without the need of scrubbers, despite the recently IMO introduction of low-sulphur regulations. Specifically, SCA issued a circular in which clarified its stance on scrubbers.

According to Xinhua, the traffic transmitting through Suez Canal accomplished an all-time record, as it achieved the highest tonnage per day in the waterway’s history, as Chairman of the Suez Canal Authority Mohab Mamish reported in a statement. 

The General Authority for Suez Canal Economic Zone announced that it is closed to finalizing contracts with international companies to operate new quays at the East Port Said port. The Authority discusses with interested companies into doing business at the port and the new docks emerging from the collaboration will begin operations by mid 2020.