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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).
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
Gross register tonnage (GRT, grt, g.r.t., gt), or gross registered tonnage, is a ship's total internal volume expressed in "register tons", each of which is equal to 100 cubic feet (2.83 m 3).
A post shared on social media purports that Panama has doubled the fees for U.S. Warships in the Panama Canal. View on Threads Verdict: False The claim originated on a satirical social media account.
Tonnage is a measure of the capacity of a ship, and is commonly used to assess fees on commercial shipping.The term derives from the taxation paid on tuns or casks of wine. In modern maritime usage, "tonnage" specifically refers to a calculation of the volume or cargo volume of a ship.
Thereby, the Cape Route became even less important, although it still is an alternative secondary route if the Suez Canal is somehow disrupted (for example, during the 2021 Suez Canal obstruction), or to avoid paying fees for crossing the canal if it is economically advantageous to do so.
Other cruise lines are continuing to transit the Suez Canal between Port Said and Suez in Egypt, but are making substantial changes to the planned itineraries. Oceania’s Nautica, which begins a ...
Indeed, the overall time of the journey depends greatly on the time spent in ice-water which slows down ships considerably. As such, if the routes are open only 3 months in a year, which implies bad ice conditions, the aforementioned transit could result in a loss of 3 days compared to the one passing through the Suez canal. [10]