suez canal

CAIRO May 21 (Reuters) – Egypt expects the Suez Canal’s revenues to reach about $7 billion by the end of the current fiscal year, finance

By Julian Lee (Bloomberg) — Russia’s seaborne crude exports from its western ports to Asian countries, predominantly India and China, rebounded to

The Suez Canal Authority (SCA), the Egyptian state-owned entity responsible for operating and maintaining the Suez Canal, and the International Chamber of

ISMAILIYA, Egypt, May 1 (Reuters) – Egypt’s Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in

A.P. Moller-Maersk will partner with authorities in Egypt to explore the large-scale production of green fuel for ships in the country. Maersk announced a

The Suez Canal Authority has announced a series of temporary increases to surcharges levied on ships using the waterway. The changes apply to just about all

By Patrick Werr NORTH OF SUEZ, Egypt, Feb 15 (Reuters) – Egypt is working to improve the Suez Canal by making an additional 10 kilometers accessible to

By Verity Ratcliffe (Bloomberg) More ships traversed the Suez Canal in 2021 than ever before despite its temporary blocking by a 400-meter-long vessel and the

DUBAI, Jan 16 (Reuters) – A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman

The Suez Canal Authority reported record annual revenue of $6.3 billion in 2021 despite headwinds from COVID-19 and the grounding of the Ever Given, which shut

The chairman of the Suez Canal Authority (SCA) Osama Rabieh told Arabiya TV on Monday that the 6% increase in canal fees starting in February will boost

By Vivian Nereim (Bloomberg) –Saudi Arabia’s high-tech “Neom” mega-project plans to expand a tiny local port into a trade and manufacturing

The Suez Canal Authority plans to raise tolls by 6% on ships transiting the waterway next year, the canal authority’s chairman Osama Rabea said on

The Suez Canal Authority (SCA) is investigating an incident involving a bulk carrier in the Suez Canal, which was quickly handled by SCA tugs and navigation

The Suez Canal has donated free passage to the world’s newest hospital ship Mercy Ships’ newbuild Global Mercy. The ship is currently on the

Ever Ace, the world’s largest containership, transited the Suez Canal for the first time August 28, 2021. Ever Ace, built in 2021 for the Taiwanese

Global towage provider Svitzer has extended its contract with the Suez Canal Authority to include two additional tugs, providing the waterway with additional

This week Russian President Vladimir Putin met with the country’s shipbuilding executives to review plans to prioritize short sea shipping with the hope

By Amy Teibel (Bloomberg) Israel’s new government will reexamine a deal to ship oil from the United Arab Emirates via a top-secret Israeli pipeline

by Yousry Mohamed (Reuters) How much does the Suez Canal make each year? Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21