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In 2008, 21,415 vessels passed through the canal and the receipts totalled $5.381 billion, [138] with an average cost per ship of $251,000. New Rules of Navigation came into force on 1 January 2008, passed by the board of directors of the Suez Canal Authority (SCA) to organise vessels' transit.
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
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 ...
The Egyptian government has calculated a $1 billion bill to get the MV Ever Given cargo ship unstuck in the Suez Canal.
The Suez Canal expects 140 ships to pass on Tuesday after the freeing of a container ship stranded for nearly a week allowed it to reopen, but experts warned that disruptions to global shipping ...
The Suez Canal was blocked for six days from 23 to 29 March 2021 by the Ever Given, a container ship that had run aground in the canal. [4]The 400-metre-long (1,300 ft), 224,000-ton, 20,000 TEU vessel was buffeted by strong winds on the morning of 23 March, and ended up wedged across the waterway with its bow and stern stuck on opposite canal banks, blocking all traffic until it could be freed ...
The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.
The settlement had been lowered to $540 million by the Suez Canal Authority. [38] [39] The ship departed from the Suez Canal on 7 July for scheduled deliveries of cargo at several European ports. [40] On 7 July 2021, Egyptian authorities released the ship after an unspecified settlement was reached.