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Suez Canal achieves all-time traffic record

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. 

Suez Canal a critical chokepoint for oil and natural gas trade

As EIA informs, the Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and LNG shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea with the Mediterranean Sea, and is considered as a key chokepoint due to the large volumes of energy commodities that flow through it.

Egyptian government announces shipping incentives

In line with its policy to achieve pricing flexibility and as part of its vision to sustainability, the Egyptian Government announced a package of incentives and discounts reaching up to 45% on the fees of navigational aids and lighthouses.

Suez Canal achieves second highest daily tonnage ever

Tonnage on the Suez Canal reached the second highest daily record ever traffic ever recorded on May 22. Specifically, 68 vessels carrying a total of 5.5 million tons sailed through the canal, as Suez Canal Authority Chairman Mohab Mamish informed. More specifically, 37 ships transitted the Suez Canal coming from the north, with a weight of 2.8 million tons, while 31 vessels crossed coming from the south with 2.7 million tons.

Suez Canal container terminal to boost its connectivity and competitiveness

APM Terminals announced its collaboration with the Government of Egypt on the final pieces of the jigsaw that will ensure the success of Egypt Vision 2030 for Port Said East Port and the Suez Canal Container Terminal (SCCT). Once ready, it plans to regain its position as one of the most competitive ports in the South and East Mediterranean region.

Egypt plans to increase Suez Canal’s revenues by $1bn

The Suez Canal Authority aims to increase the Suez Canal’s revenues by as much as $1bn, Mohab Mamish, the chairperson of SCA informed. During the first year of its operation the canal achieved revenues worth a total of $600m. In addition to the $600m revenues, approximately 20,000 vessels crossed the canal per year. These ships carried over 1bn tonnes of cargoes.

East Port Said to have new quays operational in 2020

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.

Suez Canal offers extra discount to dry bulk vessels

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.

Yard management system accomplishes new levels of efficiency at SCCT

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. 

Plan moves forward for maritime oil waste reception unit in Port Saïd

Under the auspices of the French and Egyptian governments and on the occasion of the State visit of President Macron in Cairo, French Ecoslops and Suez Canal Economic Zone took another step towards the implementation of a collection, reception and treatment unit of maritime oil wastes, after a feasibility study in January 2018.