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Egypt said on Saturday that it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the world’s most crucial waterways. The Suez 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
After Egypt closed the Suez Canal at the beginning of the Six-Day War on 5 June 1967, the canal remained closed for eight years, reopening on 5 June 1975. [8] The Egyptian government launched construction in 2014 to expand and widen the Ballah Bypass for 35 km (22 mi) to speed up the canal's transit time.
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.
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 ...
The Great Bitter Lake (Arabic: البحيرة المرة الكبرى; transliterated: al-Buḥayrah al-Murra al-Kubrā) is a large saltwater lake in Egypt which is part of the Suez Canal. Before the canal was built in 1869, the Great Bitter Lake was a dry salt valley or basin.
Construction was completed in 1869, one week prior to the inauguration of the Suez Canal. [1] The lighthouse was built to guide ships passing through the canal. The lighthouse has an octagonal shaped tower that is 56 metres (184 ft) high.
During the 20th century, U.S.-Panama tensions worsened and there were growing protests against U.S. control of the canal, notably after the Suez Canal crisis in 1956, when British and French plans ...
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