Suez Canal Sees $60M Turnover Increase In 1999

Monday, January 03, 2000
The Suez Canal Authority (SCA) reportedly achieved an increase in turnover of $60 million in 1999 to a total of $1.8 billion, due mainly to toll discounts for long-distance ships. Officials announced earlier that canal travel fees for 2000 will remain unchanged for the seventh year in a row. The canal's depth will be increased to between 70 and 72 feet by 2010 to accommodate modern ships with a loading capacity of 300,000 to 350,000 tons of cargo. Special reductions have been promised to liquefied natural gas tankers, including a reduction of five percent for more than 500,000 and up to one million tons in one year, 10 percent off transit dues for more than one million and up to two million tons and 15 percent for more than two million tons. In addition, officials announced that the Suez Canal's computers had successfully rolled into 2000, and that it had received on the first day of the new millennium 35 ships, with revenue of $3.5 million.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Wagenbourg New Crane for Oil, Gas, Energy Sector

Wagenborg Nedlift has expanded her crane fleet with a brand new 700 tonnes mobile crane. With this crane the fleet is significantly strengthened. Equipped with

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

Westermeerwind Wind Farm Construction Begins

Mammoet announced today that Westermeerwind BV has reached financial close on July 25 for the turnkey construction of the Westermeerwind wind farm in Ijsselmeer,

Finance

ST Engineering Divest 50% Stake In Beijing Zhonghuan

Singapore Technologies Engineering Ltd (ST Engineering) updated today that further to an earlier announcement made on 28 January 2014, Singapore Technologies

Statoil's 2Q 2014 Results

Statoil's second quarter 2014 net operating income was NOK 32.0 billion, a decrease of NOK 2.3 billion compared to the second quarter of 2013. Adjusted earnings were NOK 32.

Canal Project Slows Panama Economy Growth

Panama's economy expanded in May at its slowest pace since 2009 as major public works projects, including an expansion of the Panama Canal, slowed or wrapped up,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1078 sec (9 req/sec)