Tag: Suez Canal

The Suez Canal Authority (SCA) has moved towards additional discounts concerning dry bulk vessels operating between American and Asian ports after thinking of new changes in the global shipping market and the global economy.

The Navis N4 Expert Decking Module, the system which automates yard planning, has resulted in major efficiencies in yard and quay operations at APM Terminals' Suez Canal Container Terminal (SCCT). The system is used to automate planning by distributing containers throughout the yard based on predefined rules. Typically yard planning is extremely time-consuming, costly and inaccurate. 

Egypt’s Suez Canal revenues fell in November, down around 8.8 % from October’s revenues as data showed from the cabinet’s website published on January 15. Although the Suez Canal reached the second highest daily traffic ever recorded on January 2 with 72 vessels with an overall tonnage of 5.1 million tons sailed through the canal, the revenues experienced a decrease. 

On Tuesday, December 25, 6 highly trained and well experienced pilots and 5 large tugs of the Suez Canal Authority (SCA) carried out one of the most difficult transits this year as they navigated a giant floating production storage and offloading (FPSO) unit through the canal.

The Suez Canal Authority (SCA) has decided to extend discounts regarding oil tankers to another year due to the recent developments of the shipping industry and the global economy. This periodical shall be applicable to crude oil tankers sailing from “origin ports” from the 1st of January 2019 till the 31st of December 2019.

Container ships and ferries coming from foreign ports to East Port Said will enjoy a discount at tariffs for a period of one year. A 30% discount on port, docking and guiding fees will apply for vessels carrying less than 80,000 tonnes while those carrying more than that will receive a 40% discount.

According to a recent circular issued by the Suez Canal Authority, Crude Oil Tankers coming from ports of the US Gulf, Caribbean area and Latin America heading to Asian ports shall be granted reductions in the normal tolls until the end of 2018.

The Suez Canal Authority is committed to ban entry of all Qatari vessels in the Suez Canal Economic Zone, as part of maintaining national security, according to chairman Mohab Mamish. However, the Constantinople 1869 agreement, sees as illegal the ban of ships -coming from any country- from passing through the main Canal.

Wilhelmsen Ships Service (WSS) has established a dedicated local transit team to help its customers negotiate not just the Suez Canal, but also the complex rebate system designed to boost traffic through the recently expanded waterway.

Admiral/ Mohab Mamish, Chairman and Managing Director of the Suez Canal Authority declared that "the Suez Canal is the main route for world trade, and no other alternative can take its place in the field of maritime transport".