Suez Canal News

16 Jun 2020

Suez Canal Ship Transits Rise Amid COVID-19

© Igor Yu. Groshev / Adobe Stock

Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the COVID-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year. This is despite bleak economic growth prospects world-wide following the pandemic, and highlights that shipping remains the backbone of the global economy.It is often said that a picture says more than 1,000 words, but 6,166 ship transits in the Suez Canal can certainly also tell an interesting tale.

05 Jun 2020

Ocean Shipping Slows Down as Pandemic Pummels Retailers

Image Credit: STOCKSTUDIO

The $1 trillion container shipping industry is in a slowdown. Literally.Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees, according to the companies and ship-tracking specialists.Many are also cutting down the number of voyages and providing short-term storage for clients as the industry, which includes heavyweights like Maersk, MSC and Hapag-Lloyd…

04 Jun 2020

World's Largest Containership Makes Its First Call in Europe

HMM Algeciras made its first European stop in the Port of Rotterdam this week. (Photo: Port of Rotterdam)

The world's largest containership HMM Algeciras made its first European port call this week, entering Rotterdam’s Amaliahaven Wednesday on its maiden voyage to transfer containers at the Rotterdam World Gateway (RWG) terminal.The most recent vessel to hold the world’s largest containership crown, HMM Algeciras at maximum capacity carries slightly more 20-foot containers than its predecessor MSC Gülsün: 23,964 TEU versus 23,756 TEU. During its maiden voyage, HMM Algeciras is carrying a total of 19…

02 Jun 2020

Svitzer Awarded Contracts in Mozambique and Egypt

(Photo: Svitzer)

A pair of new contract wins is helping Maersk's towage services arm Svitzer strengthen operations in Africa.Svitzer announced Tuesday it recently signed a five-year contract with Nacala Logistics in Mozambique for harbor towage, occasional pilot transfer and potential salvage work in the Port of Nacala. At the same time, Svitzer also secured a five-year extension of its current contract with Egyptian LNG assisting the land-based Idku liquefied natural gas (LNG) plant with four tugs…

28 May 2020

Record Engine Powers World’s Largest Containership

HMM Algeciras has taken the title of world's largest containership. (Photo: YICT)

Everything about the HMM Algeciras is big, including the power output of its MAN B&W 11G95ME-C engine – the mightiest ever built by Germany-based MAN Energy Solutions.The 23,964 TEU containership is the largest ever built, recently launched for South Korean shipping company HMM at the Daewoo Shipbuilding and Marine Engineering (DSME) Okpo shipyard in Geoje, Korea. The newbuild measures 400 metres in length and 61 meters in beam, and has recently entered service between Asia and Europe via the Suez Canal.The record-setting containership is the first of a dozen 24…

26 May 2020

World's Largest Containership Sails Through the Suez Canal

HMM Algeciras sails through the Suez Canal on its maiden voyage (Photo: Suez Canal Authority)

The world's largest containership, HMM Algeciras, passed through the Suez Canal on Monday as the record-setting 24,000 TEU class vessel makes its maiden voyage from Asia to Europe.Built at Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje, South Korea, the 399.9-meter HMM Algeciras has a capacity of 23,964 TEU and is the first of 12 vessels of the same class, design and size contracted to be built by DSME and Samsung Heavy Industries (SHI).Delivered in April…

25 May 2020

Tankers Carrying Iranian Fuel Approach the Caribbean

© M Pasban / MarineTraffic.com

A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected to reach the South American country's waters on Sunday, according to Refinitiv Eikon tracking data.Iran is supplying about 1.53 million barrels of gasoline and alkylate to Venezuela, according to both governments, sources and calculations made by TankerTrackers.com based on the vessels' draft levels.The shipments have caused a diplomatic standoff between Iran and Venezuela and the United States as both nations are under U.S. sanctions.

20 May 2020

Venezuela's Military to Escort Iranian Tankers

© Vladimir / Adobe Stock

Venezuela's military will escort Iranian tankers bringing fuel to the gasoline-starved country as soon as they enter its exclusive economic zone, Defense Minister Vladimir Padrino said on Wednesday.His comments came after Venezuelan opposition leader Juan Guaido said the shipment should "alarm" Latin America. Both OPEC members are U.S. adversaries whose oil industries are under U.S. sanctions. Trump administration officials say Washington is considering a response to the shipment.The tankers - Fortune…

18 May 2020

Iran Warns US Against Any Move on Fuel Shipment to Venezuela

© MarineTraffic.com

An Iranian news agency close to the elite Revolutionary Guards said on Saturday there would be repercussions if the United States acted “just like pirates” against an Iranian fuel shipment to Venezuela.A senior official in President Donald Trump’s administration told Reuters on Thursday the United States was considering measures it could take in response to Iran’s shipment of fuel to crisis-stricken Venezuela.The oil sectors of Iran and Venezuela, members of OPEC, are both under U.S. sanctions.

15 May 2020

IHC Launches New Dredge for Suez Canal Authority

Cutter suction dredger Mohab Mameesh (Photo: Royal IHC)

Dutch shipbuilder Royal IHC on Friday launched a new cutter suction dredger (CSD) Mohab Mameesh for the Suez Canal Authority (SCA).The 29,190kW heavy-duty rock CSD built at at IHC’s shipyard in Krimpen a/d IJssel has been designed in cooperation with SCA, and will be used to maintain and improve the Suez Canal, which connects the Mediterranean and Red seas. The vessel, characterized by its long slender shape and high spud towers, will have an overall length of 147.4 meters and provide a maximum dredging depth of 35 meters.

11 May 2020

BIMCO: 2020 and the Collapse of Bunker Fuel Markets

Source: BIMCO

The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great Depression in the 1930s.Commodity prices have declined across the board and most recently…

24 Apr 2020

World's Largest Containership HMM Algeciras Launched

HMM Algeciras (Photo: HMM)

South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje, Korea.The 399.9-meter HMM Algeciras is the first of a dozen 24,000 TEU-class vessels scheduled to be delivered this year, and takes the "world's largest" title from the 23,656 TEU Gülsün-Class ships owned by Mediterranean Shipping Co (MSC).In September 2018…

23 Apr 2020

Russian Firms to Build World's Most Powerful Nuclear Icebreaker

(Photo: Atomflot)

Two Russian companies signed a deal on Thursday to build the world's most powerful nuclear icebreaker to help boost trade on a northern sea route crucial to forging closer links with Asia.Atomflot, a subsidiary of Russian nuclear group Rosatom, and the Zvezda shipyard, owned by a consortium led by oil giant Rosneft, said they would work together to build the Lider (Leader) icebreaker.President Vladimir Putin has said that Arctic shipping routes along Russia's northern coast could rival the Suez Canal as a short-cut trade route between Europe and Asia.Rosatom said the 209-meter icebreaker…

14 Apr 2020

Suez Canal Zone Announces Deal to Boost Competitiveness, Investment

© donvictori0 / Adobe Stock

Egypt's Suez Canal Zone and its Suez Canal Container Terminal (SCCT) announced an agreement on Tuesday committing to $50 million of investments that they said would help boost competitiveness at Port Said East port.SCCT opened in 2004 and is operated by majority shareholder APM Terminals, part of Denmark's A.P.Moller-Maersk. It has struggled to attract container and transshipment business in recent years.(Reporting by Patrick Werr Writing by Aidan Lewis; Editing by Kirsten Donovan)

30 Jan 2020

FESCO Transports RTG Cranes Via NSR

Image: FESCO

FESCO Transportation Group, the largest intermodal transport operator in Russia,  has performed relocation of four Liebherr rubber tyred gantry (RTG) cranes from Petrolesport (part of Global Ports Group) in St. Petersburg to Vostochnaya Stevedoring Company (part of Global Ports Group) in Vrangel (Primorsky Krai)."To ensure minimum transit time, the transportation of RTG cranes was carried out along the Northern Sea Route. The sea passage took 28 days, while transit time on the route through the Suez Canal would take about 52 days…

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)

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…

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…

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…

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.

16 Mar 2020

ABB Supporting Sustainable Arctic Shipping

(Photo: Sovcomflot)

High in the Arctic Circle lies the Northern Sea Route, one of the planet’s vital shipping arteries. It cuts a journey by almost a third compared to the southern route but it is passing through waters which are mostly frozen.The northern route connects east and west, allowing cargo to be transferred from northern Europe to northeast Asia, via the Bering Strait. It’s a 30% faster passage than the southern Europe-Asia alternative via the Suez Canal and is attractive to shipping companies, thanks to considerable fuel and emission savings.

31 Mar 2020

Ship with COVID-19 on Board Piloted Remotely through Suez Canal

(Photo: Suez Canal Authority)

A cruise ship with at least reported 65 cases of coronavirus on board was piloted remotely through the Sueaz Canal.On March 23, a pilotage team aboard two escort tugs remotely piloted Italian passenger ship Costa Diadema during a northbound convoy through the new Suez Canal, while the ship was sailing without passengers from from the United Arab Emirates to Italy. In addition to four senior pilots to guide the vessel on two escorting tugs, one in the front and one astern, radar…

01 Apr 2020

Egypt's Suez Canal Shipping Unaffected by Coronavirus

© Zdenar Adamsen / Adobe Stock

Traffic in Egypt's Suez Canal has so far been unaffected by the spread of the coronavirus, the chief of its authority said on Wednesday, citing a 4.6% increase year-on-year in the number of ships passing through.The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency.The container shipping industry, a bellwether for international trade, has been blown off course by the new virus, which brought parts of China to a standstill before spreading around the world…

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