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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.
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 ...
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Furthermore, some of the world's main waterways such as the Suez Canal and Singapore Strait restrict the maximum dimensions of a ship that can pass through them. In 2016, Prokopowicz and Berg-Andreassen defined a container ship with a capacity of 10,000 to 20,000 TEU as a Very Large Container Ship (VLCS), and one with a capacity greater than ...
As the Northern Sea Route is a strategically important transport artery, it can already be called economically profitable in comparison, for example, with the Suez Canal due to a number of reasons: [citation needed] Fuel savings due to reduced distance; The shorter distance reduces the cost of staff labor and chartering vessels;
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 Dutch emergency response team hired to free the vast ship blocking the Suez canal has pulled off some dramatic recoveries, including lifting Russia's Kursk nuclear submarine from the Barents ...