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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.
English: Nautical chart of Port Said and the approaches to the Suez Canal. From surveys by Commander F.A. Reyne, and the officers of H.M. Survey Ship Endeavour, 1919, and by the Compagnie Universelle du canal Maritime de Suez to 1953.
The current channel depth of the canal allows for a maximum of 20.1 metres (66 ft) of draft, [2] meaning that a few fully laden supertankers are too deep to fit through, and either have to unload part of their cargo to other ships ("transhipment") or to a pipeline terminal before passing through, or alternatively avoid the Suez Canal and travel around Cape Agulhas instead.
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.
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
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The table lists volume in thousands of TEU per year. The vast majority of containers moved by large, ocean-faring container ships are 20-foot (1 TEU) and 40-foot (2 TEU) ISO-standard shipping containers , with 40-foot units outnumbering 20-foot units to such an extent that the actual number of containers moved is between 55%–60% of the number ...
The post Attacks on ships in the Red Sea are disrupting global trade. ... forcing traffic away from the Suez Canal and around the tip of Africa. ... it cost $15,000 to ship a container from Asia ...