Marine Link
Monday, April 23, 2018

Suez Canal News

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.

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.

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.

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.

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.

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.

Ocean Alliance Launches Day Two Product

(Photo: OOCL)

The Ocean Alliance has launched its new Day Two Product with an estimated 3.6 million TEU carrying capacity provided by approximately 340 containerships deployed on 41 services. The new offering will commence in April 2018. Alliance partners CMA CGM, COSCO, Evergreen and OOCL will offer 20 Transpacific services, six Asia-Europe services, four Asia-Mediterranean services, four Transatlantic services, five Asia-Middle East services and two Asia-Red Sea services. “Ocean Alliance…

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 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.

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.

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.

Bulk Carrier Runs Aground in the Suez Canal

A capsize bulk carrier ship has run aground in the Suez Canal at 69 kilometers at about 10:30 a.m. local time February 25, and is still grounded on same position, GAC reported, as per information available from the Suez Canal Authority.   According to GAC, the Suez Canal has not closed, but there are some delays on the convoys’ movements and the starting time of the convoys has been amended accordingly, as follows: Northbound convoy started today at 9:45 a.m. local time (first vessel). Southbound convoy started today at 2 a.m. local time and waiting in Great Bitter lakes.   Further traffic delays are expected until the vessel is refloated by Suez Canal Authority tugs.  

Failed Terrorist Attack on Suez Canal

Photo: Suez Canal

On Saturday August 31, 2013, a terrorist act was directed to traffic at the Suez Canal. The terrorists targeted one of the ships going through the waterway, MV Cosco Aisia, hoisting the Panamanian flag. The attempt failed with no damage, whatsoever, either to the ship or its cargo of containers. The situation was dealt with by Egyptian armed forces, and the vessel resumed its trip safely to the port of destination, while Suez Canal navigation is back to normal and ship traffic is quite regular. On Sunday September 1, 2013, 51 vessels transited the Suez Canal in both directions.

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.

Suez Canal Dredging to Complete in July

Image: Suez Canal Authority

Egypt's Suez Canal Authority has confirmed its massive expansion of the Suez Canal is on schedule and that dredging will be completed in July. According to a state government communiqué, Head of the Suez Canal Authority Mohab Mamish said that the coming period of the New Suez Canal will witness challenges more than the previous stage. He added that the coming days will prove that the Suez Canal can cope up with such challenges and that Egyptians are able to make a new history. Mamish noted that preparations are underway for the inauguration ceremony of the New Suez Canal.

Suez Canal: Better Service to the Shipping Industry

Photo courtesy of Suez Canal Authority

According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits, in strong competition with the expanding Panama Canal, rather than respond to the demand from oil tanker transits. On Tuesday, August 5, 2014, the Egyptian President Abdel Fattah el-Sisi unveiled the project, which is bound to be a multiyear, multibillion dollar one.

Egypt Bullish on New Suez Canal expansion

Pic by Suez Canal Authority

The Egyptian government is pressing ahead with the first major expansion of the canal in almost 150 years, to allow ships to pass north and south concurrently, reports Telegraph. The Suez Canal Area Development and the Second Suez Canal Projects are the most important drivers of economic recovery in Egypt and mark a turning point for a country that has been marred by continuing instability. The project – which has been underwritten by Egyptians subscribing to around $8bn (£5.2bn) of canal investment certificates – will have a similar impact on the economy as the original route.

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…

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)

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

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

Egypt to Open New Suez Canal on Aug. 6

Pic: Suez Canal Authority

Egypt's new Suez Canal is expected to open in early August in a project President Abdel-Fattah el-Sissi sees as a potent symbol of national pride and to boost the country's battered economy, according to a report in Reuters. The president ordered the new waterway to be dug in a single year, saying that the urgency of Egypt's economic situation meant the project could not wait for an originally planned three-year timetable. The army began work 10 months ago on the new canal, built…

Maritime Reporter Magazine Cover Apr 2018 - Offshore Energy Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News