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Suez Canal Authority produces tables of width and acceptable draft, which are subject to change. [1] From 2010, the wetted surface cross sectional area of the ship is limited by 1,006 m 2 (10,830 sq ft), which means 20.1 metres (66 ft) of draft for ships with the beam no wider than 50.0 metres (164.0 ft) or 12.2 metres (40 ft) of draft for ...
The expansion intended to nearly double the capacity of the Suez Canal, from 49 to 97 ships per day. [9] At a cost of LE 59.4 billion (US$9 billion), this project was funded with interest-bearing investment certificates issued exclusively to Egyptian entities and individuals. The Suez Canal Authority officially opened the new side channel in 2016.
This represented an increase of 12.8% over 2020. In total, 20,649 vessels transited the Suez Canal in 2021 - an increase of 10% over 2020. [7] In 2022, annual revenue stood at $8 billion in transit fees. [8] The Suez Canal set a new record with annual revenue of $9.4 billion in USD for the fiscal year that ended June 30, 2023. [9]
The cost of blocking shipping for almost a week through the Suez Canal, one of the world's busiest waterways, comes in at right around $1 billion. Suez Canal blockage: Captain of Ever Given not ...
During the Six-Day War in 1967, the canal was closed. Egypt kept it closed until 1975, trapping 15 ships in the lake. These ships became known as the "Yellow Fleet", because of the desert sands that soon covered their decks. [18] [19] [20] The crews of the ships eventually organized, shared resources, and later set up their own post office and ...
During the 20th century, U.S.-Panama tensions worsened and there were growing protests against U.S. control of the canal, notably after the Suez Canal crisis in 1956, when British and French plans ...
The ships will be too large for the New Panamax-sized locks on the Panama Canal, [66] and their main route is expected to be Asia-Europe (through the Suez Canal). [68] The draft of the Triple E class is 14.5 metres (48 ft), less than the SuezMax requirement of 55.9 ft (17.0 m) at 59 m (194 ft) beam. [ 69 ]
The Egyptian government has calculated a $1 billion bill to get the MV Ever Given cargo ship unstuck in the Suez Canal.