Suez Canal News

 

Suez Canal Expansion Due to Complete in July 2023

Jan 17, 2022

A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority (SCA) said on Sunday.The SCA announced accelerated plans to extend a second channel of the canal and to enlarge an existing channel after the Ever Given container ship ran aground and blocked the waterway for six days last year.'The project will be completed in 24 months…

Suez Canal Expands as Revenues Plunge $7B

Dec 29, 2024

Egypt successfully tested a new 10 km channel near the southern end of the Suez Canal, even as its revenue from the waterway has plunged since Yemen's Houthi militants began attacking vessels in the Red Sea.The Suez Canal Authority said in a…

Minerva Bunkering Starts Service in Suez Canal, Egypt Ports

May 31, 2023

Minerva Bunkering has completed its first ten bunker deliveries in Egypt, including to Hafnia’s MV Hafnia Azurite and Cargill Ocean Transportation’s MV Gat Feeling.  Minerva is licensed to operate in Suez Canal waiting anchorages and 12 Egyptian ports…

Suez Canal Activity Resumes after Troubled Bulk Carrier Refloated

May 25, 2023

Tugboats refloated a large ship that had been stranded for several hours in the Suez Canal on Thursday, and sources said shipping traffic through one of the world's busiest waterways had returned to normal.Two canal sources said traffic was back to normal by around 11:00 am local time (0800 GMT)…

Ship Grounded in Suez Canal

May 25, 2023

A ship has grounded in the Suez Canal, shipping agent Leth Agencies said early on Thursday.Suez Canal tugboats are trying to refloat the vessel, named Xin Hai Tong 23, the company said.There was no immediate comment from Canal authorities.'M/V…

Suez Canal Says LNG, LPG Carrier Rebates Extended to End of 2022

Jun 13, 2022

Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website.LPG tankers…

Royal IHC, Suez Canal Authority Launch CSD Hussein Tantawy

Oct 23, 2020

Today the Suez Canal Authority (SCA) and Royal IHC (IHC) launched cutter suction dredger (CSD) Hussein Tantawy at IHC’s shipyard in The Netherlands.Hussein Tantawy is one of two vessels currently under construction at IHC for SCA. Its sister vessel…

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TotalEnergies, OQEP Start Construction of Marsa LNG Plant in Oman

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