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Sunday, January 21, 2018

Suez Canal News

Attack on Saudi Oil Tanker Thwarted

© MAGNIFIER / Adobe Stock

The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah. The coalition destroyed a boat carrying explosives as it headed towards the tanker on Saturday, coalition spokesman Colonel Turki al-Maliki said. Yemen lies on the southern mouth of the Red Sea, one of the world's most important trade routes for oil tankers, which pass Yemen’s shores while heading from the Middle East through the Suez Canal to Europe.

Suez Canal Revenues Rise to $5.3 Bln

© Carabay / Adobe Stock

Egypt's Suez Canal revenues rose to $5.3 bln in 2017 from $5 bln in 2016, a statement by the Canal authority said on Thursday. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government's main sources of foreign currency. Its revenues were at $462.7 million in Nov. 2017. Reporting by Youssri Ahmed; Writing by Nadine Awadalla

Turkey Reveals Route for New Canal to Ease Bosphorus Shipping

© Ilker Canikligil / Adobe Stock

Turkey announced on Monday the route for a planned canal that would reduce shipping traffic on the busy Bosphorus Strait and transform the European half of Istanbul into an island. Work on the 45-km (28-mile) Kanal Istanbul, linking the Black Sea and the Sea of Marmara west of the Bosphorus, will begin this year, Transport Minister Ahmet Arslan said, adding it formed part of Turkey's most expensive construction project. The Bosphorus is one of the world's busiest waterways with 42,000 vessels passing through in 2016 - compared with 16,800 that transited the Suez Canal in the same year.

88 Qatari Ships Carrying LNG Passed Suez Canal Last Year

Eighty-eight vessels from Qatar bearing cargoes of liquefied natural gas (LNG) used the Suez Canal in 2006. Of these, 74 were bound for Spain, six to France, five to Belgium and three to other destinations, according to Ahmed El Manakhly, Director of the Planning and Research Department at the Suez Canal Authority. With these vessels having a draft of around 40 feet, the Suez Canal would have more than adequate depth to allow them to pass through. Draft refers to a ship's minimum depth of water to float. The Suez Canal's draft is at 62 feet. In 2006, there were 287 LNG carrier trips via the Suez Canal, a number that will reportedly rise to 366, a combined capacity of 52.6m cubic metres by 2010. Tolls are collected on the basis of the size of the vessel.

Adani Adds Two New Dredgers to Its Fleet

(Photo: Royal IHC)

India’s largest private multi-port operator Adani Ports and Special Economic Zone Ltd (APSEZ) inaugurated two new 8,000m3 trailing suction hopper dredgers (TSHDs) on January 8. Both dredgers were built by Royal IHC in The Netherlands and recently arrived at Adani’s Hazira Port in Gujarat, India, after their maiden voyage through the Suez Canal. The vessels are the 11th and 12th dredgers supplied by Royal IHC to APSEZ and are among the largest in the Indian fleet of TSHDs. “[The new dredgers] will substantially increase our capacity for dredging.

Current Convoy Information Ahead of New Suez Canal Opening

Inchcape Shipping Services (ISS), is advising on current Suez convoy information ahead of the new Suez Canal’s inauguration on 6 August 2015. The new Suez canal measures from 60 kilometres in length to 95 kilometres in length, while the project also involves deepening and widening the Great Bitter Lakes and Ballah bypass to a total length of 37 kilometres. On completion, the new Suez Canal will create a new parallel waterway to the existing one, increasing the doubled parts of the Suez Canal by 50 per cent.

NAT Optimistic on 2018

Photo:  Nordic American Tankers

Nordic American Tankers Limited (NAT) stated that its 30 more or less identical suezmax tankers are all busy, none of them are unemployed. Currently, 15 of its one million barrel ships are carrying oil East of the Suez Canal and 15 are employed West of the Suez Canal. "Our cooperation with oil companies worldwide is excellent. Together with shareholders, major oil and energy companies are our most important constituency. They are our close partners. Being fully financed, three newbuildings will be delivered to NAT in 2018.

Egypt on a War Footing to Expand Suez Canal

Image by Suez Canal Authority

The Suez Canal Authority is in a race to quickly expand the vital waterway for two-way traffic by August 2015, says an Associate Press report. Workers dig round the clock on Suez Canal expansion, hoping for surge in East-West trade. President Abdel-Fattah el-Sissi has made the project a point of nationalist glory, not to mention a cornerstone of plans to revive the economy. But while shippers say more ships may be drawn by shorter waiting times, ambitions to nearly triple revenues depend mainly on growth in the world economy.

OCEAN ALLIANCE Sets Out Network

Photo: CMA CGM

Members of the OCEAN ALLIANCE, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line,  signed a document entitled the Day One Product, which sets out the proposed OCEAN ALLIANCE’s network, including port rotation for each service loop. The Day One network intends to deploy around 350 container vessels with an estimated total carrying capacity of 3.5 million TEUs to provide one of the most comprehensive service coverage in the market on the following trade lanes. The vessel deployment details for each service loop, will be released around end of this November.

Maersk Welcomes Suez Canal Expansion

Photo: Maersk

As the largest customer of the Suez Canal with more than 1,400 transits in 2014, the Maersk Group welcomes the expansion of the Suez Canal and the advantages it entails. Egypt has all through the 20th and 21st century acted as the bridge between Europe and Asia thereby enabling global trade and growth. From 2004 to 2014, container volumes transported via the Suez Canal has grown around 70 percent and the expansion confirms the Suez Canal Authority’s continuous commitment to accommodating growth in trade. Maersk Group representative and CEO of Maersk Drilling, Claus V.

Trial Operation for New Suez Canal to Begin This Week

Map: Suez Canal Authority

The CEO of the New Suez Canal’s dredging works Wagdy Zaki has said that all preparations have been made to start the trial operation for the New Suez Canal next Saturday. He also said that the head of Suez Canal Authority Gen Mohab Mamesh is following up the trial operation’s measures. The new Suez Canal shipping-route project will be completed before Saturday, according to Mohab Mamesh, head of the Canal Authority. On Sunday, 97.2 percent of the project was completed, Mamesh said. Up to 254.740 million cubic meters of water-saturated sand have been dredged so far, the report said.

Transit Cancellation Charges at Suez Canal

Suez Canal

The Suez Canal Authority has announced that following the completion of the latest development phase, the rules of navigation edition August 2015 are in effect since 13 August. Booked transits may be cancelled or altered by notice to the Suez Canal Authority offices at least 12 hours before the booked date, otherwise, the vessel shall be charged for cancellation. For ULCCs, VLCCs, LNG carriers and similar vessels, the charge will be USD 3000, due to the special arrangements made, such as escorting by tugs, etc.

New Suez Canal Ready for Business

Suez Canal Authority (SCA) chairman Mohab Mamish officially called on international maritime navigation lines to use the New Suez Canal, scheduled to be inaugurated August 6. Dubbed the Suez Canal Axis, the new 72-kilometre (45-mile) section built by the Egyptian army is aimed at speeding up traffic along the existing waterway by reducing the waiting period, as well as boosting revenues. Mamish assured the new canal is safe and well-prepared to receive the crossing ships. He added that with the new Suez Canal project inaugurated in August 6, vessels traffic in the waterway will be the fastest all over the world. Preparations for the inaugural ceremony were in full swing in Ismailiya amid a widespread campaign to clean the city, an AFP correspondent reported.

Various Ports Instill Security Measures

Security measures have been imposed at ports around the United States. As a result, Masters should therefore be prepared for a more extensive security control of their vessel prior to calling at U.S. ports: PANAMA CANAL: The Panama Canal Authority (PCA) has advised that security has been intensified but the transits remain unchanged. SUEZ CANAL: The Suez Canal Authority (SCA) confirmed on September 12 that Suez Canal movements are normal. Sources: Worms Services, Paris; C. Fernie & Co., S.A., Cristobal

Port Security Tightens

U.S. PORTS: Security measures have been imposed at ports around the United States. Masters should therefore be prepared for a more extensive security control of their vessel prior to calling at US ports. PANAMA CANAL: The Panama Canal Authority (PCA) has advised that security has been intensified but the transits remain unchanged. SUEZ CANAL: The Suez Canal Authority (SCA) confirmed on 12 September that Suez Canal movements are normal. Sources: Worms Services, Paris; C. Fernie & Co., S.A., Cristobal (Source: INTERTANKO News)

G6 Alliance Announces Port Rotations

After agreeing to expand the successful G6 Alliance to the transpacific trade earlier this year, the six member lines announced the port rotations of their new comprehensive and competitive service portfolio. The new expanded cooperation will start in May with six coordinated services in the Asia-to-North America East Coast trade. It will deploy more than 50 efficient vessels with capacities between 4,500 and 8,000 TEU to connect about 30 ports in Asia, United States and Canada East Coast…

CMA CGM Ships Lead Procession in the Suez Canal

CMA CGM Laperouse (Photo: CMA CGM)

Worldwide shipping group CMA CGM informs that two of its containerships are leading a vessel procession that celebrates the inauguration of the newly expanded Suez Canal on Thursday, August 6. The two vessels at the head of the procession, CMA CGM Laperouse and CMA CGM Titan, sail as part of 11 of CMACGM’s main shipping lines transiting by the Suez Canal. Eight percent of the world’s commercial maritime traffic goes through the Suez Canal, which represents an average of one CMA CGM vessel transiting in each direction daily, the shipper said.

Suez Canal Sees $60M Turnover Increase In '99

The Suez Canal Authority (SCA) 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. Chairman Ahmed Fadel said projects to transfer oil through pipelines, such as those in Russia, and also the SUMED oil pipeline, linking the Red Sea and the Mediterranean, "have definitely affected the amount of oil traveling through the Suez Canal". Fadel said the Suez Canal would increase its depth 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. The Suez Canal Authority (SCA) also announced that it will keep its transit fees unchanged in 2000 for the seventh year in a row, an SCA official said.

Egypt to Allow 24-hour Access to East Port Said with New Waterway

Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal, which will speed up shipping movements in the area. Klaus Holm Laursen, managing director of Suez Canal Container Terminal (SCCT), the company partially financing the project, told Reuters on Tuesday the project would allow vessels to enter and exit East Port Said, and divert traffic from the canal's entrance. SCCT is 55 percent owned by APM Terminals, part of the Maersk group, and is paying $15 million into the project which a senior Suez Canal Authority source said would cost $60 million to build. "The waterway will benefit the entire east port, not just SCCT.

Suez Canal, the Fastest Maritime Corridor

Photo: Suez Canal Authority

Egypt's Suez Canal has maintained its classification as the most important and fastest maritime shipping corridor despite the economic challenges faced by the world in 2015 and 2016, reported Xinhua quoting head of the Egyptian Suez Canal Authority Mohab Mamish as saying. A statement from the canal's authority said on Sunday that its revenues stood at $2.938 billion from January to July. Its  revenues jumped to $446.3 million in July from $427.2 million in June, according to Reuters' calculations. In July last year, revenues stood at $429 million.

Suez August Revenue Tops Record

File Photo: Tanker in Suez Canal.

Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 2014 was set to be a record year for revenues from the waterway, the fastest shipping route between Europe and Asia. Official revenue figures for August have yet to be published. The Suez Canal, for which a major expansion is planned, is one of Egypt's main sources of foreign currency.   Reporting by Lin Noueihed and Omar Fahmy

Suez Canal To Take Larger Ships

Improvements to the Suez Canal will allow ships with a draft of up to 62 ft. to use the waterway by the end of next year, the chairman of the Suez Canal Authority (SCA) said. The canal will be able to take ships with a draft of 66 ft. by 2005 and 72 ft. by 2010

Suez Canal Temporarily Blocked

Amiral Mohab Mamish: Photo credit SCA

A statement by Admiral Mohab Mamish, Chairman of the Suez Canal Authority, explains reactions to the grounding of a Korean tankship. Suez Canal Authority Chairman, Amiral Mohab Mamish, stated that Suez Canal pilots and salvage teams supported by tugboats succeeded in refloating the Korean tanker Volga, 82,000 tons that grounded in the main channel at Km. 42 and blocked the Canal at 05:15 pm on 14, February 2013. Volga ran aground due to loss of power which led to engine and rudder failure.

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