Suez Canal News

06 Jan 2020

Suez Canal Revenues Rose in 2019

© Markeliz / Adobe Stock

Suez Canal revenues increased slightly to $5.8 billion in 2019 compared with $5.7 billion in 2018, its authority said in a statement on Saturday.The canal kept its transit toll unchanged in 2020 for all types of vessels except dry bulk vessels and liquefied petroleum gas (LPG) carriers which will increase by 5% compared with 2019, it added.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.(Reporting by Omar Fahmy, writing by Mahmoud Mourad; Editing by Toby Chopra)

24 Dec 2019

Ferry Stena Estrid Completes Sea Trials

Image Credit: STENA

Stena Line’s "next-generation" ferry Stena Estrid has arrived in Holyhead after completing sea trials and a five-week, 10,000 mile journey from China to the Irish Sea where she will begin service early next year on her inaugural route from Dublin to Holyhead.Designed by Deltamarin and constructed at the China Merchants Jinling Shipbuilding Weihai Shipyard in China, Stena Estrid is the first of Stena RoRo’s nine next-generation E-Flexer Ro-Pax vessels in a series which include five for Stena Line and several additional vessels that will be on long-term charter for other ferry operators.

04 Dec 2019

Port Said Tunnel to SCCT Opened

Image: APM Terminals

The opening of the Port Said tunnel, under the Suez Canal just south of Port Said last week is an important piece of the jigsaw required to position the Suez Canal Container Terminal (SCCT) as Egypt’s primary gateway terminal.Construction of the twin-tubed, 4-lane road tunnel began in 2017. Its inauguration follows the opening of the Ismailia tunnel earlier this year and the 30th June Axis road, a 10-lane highway with 2+2 dedicated lanes for trucks.With the terminals strategic location offering no deviation from the main routes on trade lanes between Asia and Europe…

02 Dec 2019

Yamal LNG Reaches Bangladesh

Eduard Toll. Image: Teekay

Novatek has announced the delivery of liquefied natural gas (LNG) cargo from Russia’s Yamal LNG project to Bangladesh in accordance with the long-term offtake agreement with Total.The consignment was delivered along the westbound route via the Suez Canal with transshipment from the ice class Arc7 LNG tanker “Eduard Toll” to a conventional type LNG tanker at the Belgian terminal located at Zeebrugge. The LNG cargo was unloaded at the Summit LNG Terminal in Bangladesh in accordance…

02 Dec 2019

Stena Estrid Begins 10K Mile Journey from China Shipyard

Image: Stena Line

European ferry operator Stena Line announced that its newest ferry Stena Estrid has departed the AVIC Weihai Shipyard in north-western China, bound for its new home on the Irish Sea between Britain and Ireland.Manned by a much-reduced crew of 27, with no passengers on board, the ship will travel on a journey of well over 10,000 miles, taking just over one month and making a number of stops on the way.Stena Estrid is the first of five next generation Stena Line RoPax vessels to…

21 Nov 2019

DP World Completes $520Mln Sokhna Expansion

Photo: DP World

Dubai's state-owned port operator DP World said that its port in Egypt, DP World Sokhna marked its 10th anniversary by revealing that its $520m (AED1.9bn) port expansion project is close to completion.The port expansion complements two operational basins, with the expansion into Basin 2 comprising a 1.3km-long quay – with 400m is use in Phase 1 – as well as a 350,000m2 container yard.The expansion comes as the UAE and Egypt agreed to support a $20bn joint strategic platform to invest in a range of vital sectors and assets…

05 Nov 2019

Maritime History & the Panama Canal

Grace Lines COLOMBIA transit of Panama Canal. Source: U.S.Merchant Marine Academy Maritime Museum.

The Panama Canal is a strategic crossroads for maritime traffic, and is arguably one of the most important maritime developments in the past century. Here we take a deeper dive into the history behind that famous strip of waterway.The present canal, which saw its first vessel transits in 1914, along with possible alternatives through Nicaragua and Mexico, had actually been on the minds of merchants, explorers and military/political strategists since the Age of Exploration in early 1500’s.

31 Oct 2019

Russia Presses for Northern Sea Route

Mikhail Belkin, State Policy Director, Rosatom; Dr. Torsten Sevecke, Under-Secretary in the Ministry of Economics, Transport and Innovation; Ekaterina Demicheva, Director of Development Rusatom Greenway; Ingo Egloff, Joint CEO of Port of Hamburg Marketing, and Alexander Neklyudov, CEO, Rusatom Cargo. Photo: © HHM

Russia is advocating expansion of ports and shipping along the Northern Sea Route (NSR).The  existing excellent contacts between Port of Hamburg Marketing and Russian ports as well as the Hamburg maritime industry’s second most important trading partner in seaborne freight traffic provided the occasion for an expert session on the use of the Northern Sea Route – NSR - and development of transit freight traffic between Europe and Asia.At a meeting in Hamburg, members of a delegation…

18 Oct 2019

MSC Rejects Northern Sea Route

Pic: MSC Mediterranean Shipping Company

Mediterranean Shipping Company (MSC), the world’s second-biggest container shipping line, has decided not to use the Arctic as a new short cut between northern Europe and Asia and will instead focus on improving environmental performance on existing global trade routes.In declaring the northern sea route out of bounds, MSC follows CMA CGM and Hapag-Lloyd that have similarly eschewed the commercial benefits of an Asia-North Europe option that is 30 percent shorter than the southern…

10 Oct 2019

Hammerfest LNG Ships 1000th LNG Cargo

Arctic Discoverer will carry cargo number 1000 from the Hammerfest LNG plant. (Photo: Silje Grytbakk / Equinor ASA)

Norwegian energy company Equinor reached a milestone at its Hammerfest LNG facility on Melkøya Island, “the Snøhvit plant”,  by loading the 1000th cargo of the chilled fuel.The cargo consists of 140 500 cubic metres of liquefied natural gas (LNG). Total sales value of all the LNG cargos since the field came on stream is in the range of NOK 130-150 billion. In addition, we have the value of liquefied petroleum gas (LPG) and condensate.Arctic Discoverer is the name of the tanker that will carry cargo number 1000 from the Hammerfest LNG plant.

03 Sep 2019

2 Workers Die on Board Greek Ship in Bangladesh

NGO Shipbreaking Platform said that accident at the shipbreaking beach of Chattogram, Bangladesh killed two and severely injured thirteen. The accident occurred in the afternoon of Saturday 31 August at Ziri Subedar shipbreaking yard. During scrapping operations on the ship CSL VIRGINIA a heavy cable collapsed, hitting several workers at once. Aminul Islam, 35 years old, and Tushar Chakma, 27 years old, lost their lives.Thirteen workers  suffered severe injuries and were taken to Chattogram Medical College Hospital for treatment.

19 Aug 2019

SCCT Announces Reefer Repair Hub

Pic: APM Terminals

The Suez Canal Container Terminal (SCCT), strategically located at the mouth of the Suez Canal in Egypt, has announced its intention to open its reefer container inspection and repair hub to all brands. The terminal will also launch a dry container inspection and repair hub in October 2019.Until just over a year ago, the terminal faced unnecessary costs for moving and repositioning reefer containers with damaged panels or defects that hadn’t been recorded, said a press release from the APM Terminals…

09 Aug 2019

23,756 TEU “MSC Gulsun" Transits Suez Canal

MSC GULSUN,  the largest container ship in the world, transits the Suez Canal for the first time 9 August 2019. CREDIT: SCA

Admiral Mohab Mameesh, Chairman of the Suez Canal Authority and Suez Canal Economic Zone, announced the successful transit of MSC GULSUN, the world’s largest container vessel, on its first trip through the New Suez Canal. The Panamanian ship transited the Canal with the northbound convoy, heading to North Western Europe from the Port of XINGANG.As per protocol in the Suez Canal Authority on receiving mega vessels transiting for the first time, Admiral Mameesh, presented the ship’s master with a bouquet of flowers and the Suez Canal Authority’s shield…

26 Jul 2019

INSIGHTS: Noose Tightens Around Iranian Shipping

Grace 1 remains impounded, not because of its flag but because it was suspected of taking oil to Syria in breach of EU sanctions, an allegation that Iran denies. Image Credit: © MarineTraffic.com

Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later claimed it as its own.The ship carrying 2 million barrels of Iranian crude was seized by British Royal Marines off Gibraltar, raising tensions in the Gulf where Iran detained a UK-flagged ship in retaliation.Grace 1 remains impounded, not because of its flag but because it was suspected of taking oil to Syria in breach of EU sanctions…

26 Jul 2019

Vladimir Rusanov Opens Northern Sea Route

Image: PAO Novatek

Russian natural gas producer Novatek announced that the Arc7 ice-class LNG tanker 'Vladimir Rusanov' completed the Northern Sea Route (NSR) passage via the Eastern direction, delivering an LNG cargo from the Yamal LNG project, at the port of Sabetta, to China's port of Tianjin.The 168,560 cbm vessel shipped transited the ice-covered part of the route in only 6days, setting a new record for independent passage via the NSR without ice-breaking support with cargo on board.The net voyage time from Sabetta to the destination port was completed in a record 16 days…

24 Jul 2019

Suez Canal Accounts for 8% of LNG Trade

Map: Energy Information Administration

Total oil flows through the Suez Canal and the SUMED pipeline accounted for about 9% of total seaborne traded petroleum in 2017, and LNG flows through the Suez Canal and the SUMED pipeline accounted for about 8% of global LNG trade."The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and LNG shipments to Europe and North America," U.S. Energy Information Administration (EIA) said.Located in Egypt, the Suez Canal connects the Red Sea with the Mediterranean Sea…

12 Jul 2019

SHI Bags $125mln Order for 2 Crude Carriers

Image: Samsung Heavy Industries Co

South Korean shipbuilder Samsung Heavy Industries Co (SHI) said  that it has clinched a deal worth 147 billion won (US$124 million) to build two crude carriers.According to a press note from the shipbuilder, as per the deal with an un-named Panamanian shipping firm, SHI will deliver the two Suezmax tankers by March 2021.Suezmax (S-Max, Suez Canal Maximum) refers to the largest ships that are capable of transiting the Suez Canal in a fully laden condition with a capacity of 130…

05 Jul 2019

Iran threatens UK in Retaliation for Tanker Seizure

An Iranian Revolutionary Guards commander threatened on Friday to seize a British ship in retaliation for the capture of an Iranian supertanker in Gibraltar by Royal Marines."If Britain does not release the Iranian oil tanker, it is the authorities duty to seize a British oil tanker," Mohsen Rezai said on Twitter.The Gibraltar government said the crew on board the supertanker Grace 1 were being interviewed as witnesses, not criminal suspects, in an effort to establish the nature of the cargo and its ultimate destination.British Royal Marines abseiled onto the ship off the coast of the British territory on Thursday and seized it. They…

04 Jul 2019

MACN's Port Integrity Campaign in India

Pic: Maritime Anti-Corruption Network (MACN)

The Maritime Anti-Corruption Network (MACN) has announced the launch of a groundbreaking Port Integrity Campaign in India, with the support of the Government of India.The global business network of over 110 companies working together to tackle corruption in the maritime industry said that the campaign, which aims to reduce and (in the long term) eliminate integrity issues and bottlenecks to trade during operations in Indian ports, is a collective action of MACN, the Government of India…

19 Jun 2019

Maritime Anti-Corruption Network Links to SDGs

Pic: MACN

The activities of Maritime Anti-Corruption Network (MACN)  align closely with the United Nations’ Sustainable Development Goals (SDGs)—the definitive, internationallyrecognized framework for sustainable development through to 2030.In its 2018 Annual Report, MACN said that this  alignment allows  to track and communicate its progress in a manner that resonates with governments, businesses, funding bodies, and local and international stakeholders.Member companies can also connect…

14 Jun 2019

Maersk Explores Arctic Shipping Route with Russia

© Artem / Adobe Stock

Shipping group A.P. Moller-Maersk said on Friday it is in talks with Russia's state-owned icebreaker operator to send more goods via the Arctic, which is becoming more accessible as climate change reduces the sea ice.Russia has made developing the so-called northern sea route (NSR) - which requires new ports and heavy icebreakers to move goods - a priority, with supporters dubbing the route the northern Suez Canal.Last summer, Maersk carried out what it said was a one-off trial…

22 May 2019

Marine Fuel: World First for Megaboxer MV Sajir

The 15,000 TEU megaboxer MV SAJIR to be converted to methane for operation (©Hapag-Lloyd)

"With the conversion of SAJIR, we are the first shipping company worldwide to convert a container vessel of this size to natural gas propulsion."  Richard von Berlepsch, Managing Director Fleet Management at Hapag-LloydIn its more than 170 years of existence, the Hamburg-based Hapag Lloyd  has used all kinds of solid and liquid fuels to generate energy for the propulsion of its ships. And now the shipping company has announced that it intends to convert the propulsion system of its 15…

12 May 2019

Yantian Express Ready to Depart

Pic: Hapag-Lloyd

Hapag-Lloyd says repairs have completed on board the fire-stricken containership MV “Yantian Express” in Freeport Harbour, Bahamas and will depart on Wednesday May 15th."The vessel is currently berthed at the terminal in the Bahamas. Reloading of all containers previously discharged ashore for inspection has now been completed," said a press release from the  Accordingly all cargoes, whether security has been provided or not, are now on board the Yantian Express  German-based cargo container shipping line.Dependent on final technical approval of vessel class…

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