NORTH OF SUEZ, Egypt, Feb 15 (Reuters) – Work is underway to expand the two-way section of the Suez canal to 82 km (51 miles) from 72 km, the chairman…
EVER GIVEN
Svitzer Sending Two More Tugs to the Suez Canal
A.P. Moller – Maersk’s towage operator Svitzer will send two additional tugs to the Suez Canal after extending its contract with the Suez Canal Authority (SCA). Svitzer started operating in…
https://gcaptain.com/svitzer-sending-two-more-tugs-to-the-suez-canal/
Suez Canal Has Record Year Despite Ever Given Saga
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 effects of the coronavirus pandemic….
https://gcaptain.com/suez-canal-has-record-year-despite-ever-given-saga/
Suez Canal Expansion Plans Accelerated For Completion By July 2023
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 of…
https://gcaptain.com/suez-canal-expansion-accelerated-completion-july-2023/
The fascination with port congestion: American Shipper’s top headlines of 2021
2021 will go down as the year the mainstream media took notice of West Coast port congestion. American Shipper was writing about global port backups, shutdowns and labor issues months — no, decades — before supply chain snarls in Southern California were spotlighted on national evening news broadcasts.
Port problems figured so prominently in American Shipper’s coverage this year that eight of the 10 most-read stories focused on problems in ocean shipping, from escalating costs to record numbers...
2021’s top shipping stories: From Ever Given to epic California port pileup
This has been the year of the shipping queue — of container vessels stuck waiting in line, waylaid for weeks at the Suez Canal or off Los Angeles/Long Beach, Savannah or Shanghai.
For the second year in a row, COVID has played an outsized role: revving up import demand in the U.S., stymieing port operations in Asia, and fueling an unprecedented rate boom for liner operators and container-ship owners.
The following is a look back at American Shipper’s coverage of container shipping in 2021, one of...
Despite Ever Given Incident, Suez Canal Revenue Touches Its Highest
Despite the Ever Given blocking the Suez Canal in March 2021, impacting global trade, the canal hit revenue of $6 billion from January until the first half of December. This was confirmed by the Suez Canal Authority chair, Osama Rabie, on Sunday. He mentioned that it was the highest-ever revenue during this period.
Representation Image
About 12% of the trade volume in the world passes through the man-made Suez canal, also Egypt’s significant source of hard currency.
The Suez Canal is a lifeline...
Suez Canal Declared Emergency With The Return Of ‘MV Ever Given’
On Sunday, Egyptian authorities announced a state of emergency as Ever Given, the gigantic container vessel that blocked the Suez Canal in March for almost a week, returned to the Suez Canal. This time, it had a full load. The Ever Given was sailing from China toward Rotterdam.
The Panama-registered 400-meter vessel arrived in Suez after midnight on Saturday. It was moored there until it received a signal to pass the canal.
This time the cargo on Ever Given was much heavier than it how it was...
The (N)Ever Forgotten
Alison Cusack, a lawyer from Melbourne-based Cusack & Co, on how shipping ought to make the most of being thrust into the limelight this year. She’s stuck! When the world woke up to the iconic image of the stuck near sideways in the Suez Canal, 2021 became the year the public discovered shipping....
Egyptian shipping firm sues Ever Given owners for delay from Suez Canal blockage
In recent reports by Egyptian news broadcaster Sada el-Badad, Egypt’s National Navigation Company has sued the Japanese owner of ‘Ever Given’, Shoei Kisen Kaisha.
The lawsuit has been filed demanding compensation for the loss caused by the six-day blockade of the Suez Canal in March.
The Egyptian firm claims to have suffered a significant loss after its vessel, Wadi Sudr was unable to complete its voyage due to the Suez Canal blockage. The first hearing of the lawsuit was scheduled for Sunday, 21...