Low bunker prices, the slowdown of global trade and increased competition from the Panama Canal might be impacting the Suez Canal today, but long term the historic waterway is making all the right moves to transform Egypt’s ailing economy.
The 8th edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference will explore the latest issues surrounding the new $8 billion Suez Canal expansion and the consequences for the global maritime industry.
The Suez Canal Authority (SCA) has extended its toll rebate sweeteners – as much as 65% in some cases – for containerships sailing from the US East Coast to South East Asia and beyond until the end of 2016.
Wilhelmsen Ships Service (WSS) has established a dedicated “local transit team” at its office in the historic Egyptian port city of Alexandria to help clients navigate the nearby Suez Canal and its complex rebate system.
Revenue from Egypt’s Suez Canal was up 4% for the seven months to August 6 compared to the corresponding period despite slowing global trade, the authority responsible for the 72km waterway says.
The Suez Canal Authority (SCA) has offered another sweetener to cost-conscious VLCC operators tempted to sail around Cape Horn en-route to the Arabian Gulf to avoid its tolls.
An “experimental” new toll for VLCCs transiting the Suez Canal could save the ship’s operator in excess of $70,000 for each northbound trip from the Middle East to the Mediterranean, Seatrade Maritime News has learned.
The Suez Canal Authority (SCA) has further sweetened rebates for containerships sailing from the US East Coast to Southeast Asia and beyond as it seeks to stem of loss of business from lines deciding to sail via the Cape of Good Hope on the...
The Suez Canal Authority is offering a 30% rebate for containerships transiting canal from US East Coast ports and destined for Asia.
A new 8.5km channel allowing large container vessels 24/7 access to APMT’s Suez Canal Container Terminal (SCCT) directly from the waterway has opened in Port Said, Egypt.