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The Suez Canal (/ ˈ s uː. ɛ z /; Arabic: قَنَاةُ ٱلسُّوَيْسِ, Qanāt as-Suwais) is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia (and by extension, the Sinai Peninsula from the rest of Egypt).
Vessels longer than 400 metres (1,300 ft) need permission from the Suez Canal Authority to transit the canal. As of 2020, the largest container ships in service all have a length of (close to) 400 metres, and a beam and draft that fit just within the limits of the canal.
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] Suez Canal monthly revenue In USD
Egyptian authorities announced the release Wednesday of a hulking shipping vessel that had blocked the Suez Canal for nearly a week earlier this year. The Ever Given left the canal's Great Bitter ...
Engineers on Monday “partially refloated” the colossal container ship that continues to block traffic through the Suez Canal, a canal services firm said.
The Ever Given ran aground on March 23 in the Suez Canal, the narrow waterway dividing continental Africa from the Asian Sinai Peninsula.
The maximum ship size for the Suez Canal are referred to as Suezmax. Capesize ships are those too large for the Suez Canal, which need to use the Cape Route between the Atlantic and the Indian Ocean. The 2015 inauguration of the New Suez Canal raised the Suezmax dimensions, and allowed larger ships.
A sharp downturn in revenue after sea attacks by Yemen's Houthis diverted away shipping away from the Suez Canal has struck a painful new blow to Egypt's already deteriorating economy, adding ...