Suez Deepening Proceeds

Monday, January 29, 2001
Work on deepening the Suez Canal to 62 feet (18.9 m) from 60 feet will be completed soon, a Suez Canal Authority official said. "Work on deepening the canal has come to an end, except for a 1.5-km (one-mile) stretch of hard rock which will take at least another one and a half months to complete," Abdel-Fatah al-Miqati, a board member at the Authority, said. Miqati was referring to a project that began in 1997. He said work had begun the next phase to deepen the canal to 66 feet, due to be completed by 2005. He said these operations were part of an overall plan to widen the canal to 400 m and deepen it to 72 feet by 2010. The canal will now be able to accommodate ships up to 200,000 tons. Fees from the Suez Canal constitute one of Egypt's main sources of foreign currency.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Sovcomflot IPO Soon

The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy

First Cruise Company Fined under Australia’s New Fuel Rules

Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour.

UASC Completes Award Winning Finance Deal

United Arab Shipping Company (UASC) announced  the recent conclusion of a series of transactions that resulted in the issuance by a U.S. based trust of $162 million

Navigation

Maritime Future Summit: Digital Shipping

Autonomous ships, smart on-board systems: At the Maritime Future Summit on September 5, industry leaders will discuss the future of shipping. For the first time

Navico Makes its Commercial Push

Marine electronics group Navico, a literal ‘house of brands’ for the recreational, sail, power and commercial marine markets, is making a strong push in the commercial sector with its Simrad brand.

JWA to provide ShipDC with Marine Weather Info

The database service operated by ClassNK’s wholly owned subsidiary Ship Data Center (ShipDC) has been set to receive marine weather information from Japan Weather Association.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0799 sec (13 req/sec)