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The Latest Breaking News from Suez Canal Authority

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

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

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

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Egypt Announces 47% Increase in Suez Canal Revenues

The Egyptian government on Friday denied that the Suez Canal Authority (SCA) had reached an agreement with a foreign company to manage the canal’s services. In spite of the denial, the hashtag “Suez Canal” remained the top trending topic in the country over the past two days, prompting SCA chairman,…

Asharq Al-Awsat

Tanker Breaks Down in Suez Canal, but Traffic Not Disrupted

A tanker transporting liquefied natural gas broke down in the Suez Canal on Wednesday but traffic in the global waterway was unaffected, a canal spokesperson said. The Bahamas-flagged Grace Emilia suffered a malfunction of its rudder and tugboats pulled it to the side of the canal to allow other vessels…

Asharq Al-Awsat

Cargo ship goes aground, is refloated in Egypt's Suez Canal

The Suez Canal Authority says a cargo ship that went aground in the Egyptian waterway has been refloated

The Independent UK

Sisi Stresses Availability of US Dollar in Egypt

Egyptian President Abdel Fattah al-Sisi stressed that foreign currency is available to release imported goods in ports, assuring that the government has dollars. During the inauguration of two medical and industrial gas plants and a tri-generation plant in the chemical industries complex in Abu Rawash, Giza, Sisi said state was…

Asharq Al-Awsat

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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

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

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

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

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

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

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

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Asharq Al-Awsat

Egypt’s Suez Canal Revenue Rises 20.7% in 2021/22 to $7 Bln

Egypt's Suez Canal recorded $7 billion in revenue for the fiscal year 2021/22, up 20.7% from a year earlier, Suez Canal Authority Chairman Osama Rabea said in a statement on Monday. Egypt's fiscal year runs from July 1 to June 30. The canal is the fastest shipping route between Europe…

Asharq Al-Awsat

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

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…

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