Drop in Suez Canal revenues could affect Egyptian economy

Chairman and managing director of the Suez Canal Authority (SCA), Admiral Osama Mounier Mohamed Rabie said that dollar revenues from the canal are down 40% from the beginning of the year compared to 2023, while vessel traffic has declined by 30% in the same period.

The number of ships that have passed through the Suez Canal dropped to 544 so far this year, from 777 in the equivalent period of 2023, according to Rabie.

As the Suez Canal is crucial for the Egyptian economy, accounting for 2% of the...

https://container-news.com/drop-in-suez-canal-revenues-could-affect-egyptian-economy/

Can Prosperity Guardian plans counter Houthi threat to shipping?

Ahead of a widely expected announcement from U. S. Secretary of Defense Lloyd J. Austin the Norwegian Government said today that the U.S. has taken the initiative to strengthen international efforts to secure civilian shipping in the Red Sea through an operation called Prosperity Guardian.

The operation is thought to center on conveying merchant ships with naval escorts. The move comes as Houthi attacks on merchant shipping continue, with reports that this morning two more ships had been struck....

https://www.marinelog.com/legal/shipping/can-prosperity-guardian-plans-counter-houthi-threat-to-shipping/

Suez Canal Authority orders 10 RAstar 3200-W ASD tugs

General arrangement RAstar 3200-W tug

Egypt’s South Red Sea Shipyard has awarded Vancouver, B.C., based Robert Allan Ltd. a contract for the design of ten ) RAstar 3200-W ASD tugs to be built for the Suez Canal Authority. These new vessels build on the success of the RAstar 3200-W seies of azimuthing stern drive tugs, 20 of which are already in service worldwide.

On completion of this contract, the Suez Canal Authority will own and operate over 20 Robert Allan Ltd. designed tugs, all of which are high-performance ASD tugs. These new...

https://www.marinelog.com/shipbuilding/naval-architecture/suez-canal-authority-orders-10-rastar-3200-w-asd-tugs/

Tankers collide in Suez Canal, awakening memories of Ever Given nightmare

Two tankers collided on the Suez Canal last night (22 August) blocking the canal traffic for a few hours.

The Suez Canal Authority deployed tugboats to move the two ships and the movement along the canal resumed.

The vessels involved in the accident were Burri, a Cayman island tanker, and the BW Lesmes, a Singapore-flagged LNG tanker, according to MarineTraffic.

The Suez Canal Authority mentioned that one of the tankers had broken down, but did not identify which one.

Watch the playback of the two...

https://container-news.com/tankers-collide-in-suez-canal-awakening-memories-of-ever-given-nightmare/

One killed after tug collides with LPG carrier in Suez Canal

Egypt’s Suez Canal Authority (SCA) reports that one person was killed after the tug on which he was a crewmember sank as a result of a collision with another vessel ..

The post One killed after tug collides with LPG carrier in Suez Canal appeared first on Baird Maritime.

https://www.bairdmaritime.com/work-boat-world/tug-and-salvage-world/harbour-tugs-and-operation/one-killed-after-tug-collides-with-lpg-carrier-in-suez-canal/

Suez Canal Records the Highest ‘Transit’ Record in the History

Credits: Oleksandr Kalinichenko/Shutterstock.com

Adm. Ossama Rabiee, Suez Canal Authority’s Chairman announced that navigation through the Canal has recorded an unprecedented record number in terms of daily transits achieving the highest number of vessels transiting the Canal by 107 vessels from both directions with a net tonnage amounting to 6.3 million tons with no waiting time.

56 vessels are heading southbound with a net tonnage of 3.4 million tons, while 51 vessels are heading North through...

https://mfame.guru/suez-canal-records-the-highest-transit-record-in-the-history/

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