Tag: Suez Canal

February 6, 2023

The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 containers. The head of the Suez Canal Authority, Lieutenant General Osama Rabie, said that the successful transit of the ship proves the readiness of […]

March 26, 2021

Dislodging the container vessel blocking the Suez Canal will take until at least March 31, a longer effort than initially feared that will amplify the disruption to global supply chains for everything from oil to grains to cars. The extended […]

March 25, 2021

A huge backlog of ships was building up around the Suez Canal for a third day as an elite salvage team set about the monumental challenge of freeing the container vessel that’s blocking the crucial waterway. Work to refloat the […]

November 25, 2020

With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash tolls for laden VLCCs heading from Europe to Asia in half in a bid to avoid operators taking the slower, […]

December 26, 2018

The Suez Canal Authority (SCA) has extended discounts related to oil tankers to another year after considering “new changes in the global shipping market and world economy”. As explained, SCA aims to encourage more ships to transit the Suez Canal […]

July 17, 2018

The drama started with the grounding of a containership on July 15, which has been identified as Aeneas. The 63,059 dwt containership grounded during its transit at about 1830 hours local time, GAC Egypt reported. It was the 20th in […]

July 12, 2018

Two years after the opening of the $5.4 billion larger locks, the Panama Canal has racked up a series of wins, from attracting services from the Suez Canal to seeing carriers deploy larger ships sooner than expected. And Administrator Jorge […]