On 16 March, the Chinese shipping company Cosco acquired 25% of the Egyptian port of Sokhna in the Red Sea for a period of 30 years, for a sum of … Continue reading Cosco Invest in Egyptian Terminal
Suez Canal Authority to Raise Transit Fees
On 17 September, the Suez Canal Authority announced an increase in passage taxes for all types of vessels transiting the canal in 2023. It will amount to 15% for bulk … Continue reading Suez Canal Authority to Raise Transit Fees
Suez Canal Expansion
Suez Canal The Suez Canal originally opened in 1869 and was the most extensive maritime engineering feat of its day. It immediately became one of the busiest shipping lanes in … Continue reading Suez Canal Expansion
Suez Canal, a Key Infrastructure for Egypt
Suez canal, strategic route Suez Canal is a strategic route. As the shortest maritime route from Europe to Asia, it is a connecting infrastructure with a very strong impact for … Continue reading Suez Canal, a Key Infrastructure for Egypt
Suez Canal Ship Blocked, The (Real) Consequences
Ever Given and Suez Canal blocking Even with modern navigation system, the worst can happen On March 23 2021, while crossing the Suez Canal on her way to Rotterdam, the … Continue reading Suez Canal Ship Blocked, The (Real) Consequences
Egypt’s Suez Canal blocked by large container ship
Egypt's Suez Canal, providing the shortest sea link between Asia and Europe, has been blocked by a large container ship that ran aground after losing control, causing a traffic jam … Continue reading Egypt’s Suez Canal blocked by large container ship