Search results
Results from the WOW.Com Content Network
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.
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.
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 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 2015 inauguration of the New Suez Canal raised the Suezmax dimensions, and allowed larger ships. 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 ...
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 ...
One leading cruise line has cancelled its entire Red Sea programme through to 17 April 2024 because of the conflict. Another cruise through the Suez Canal will go ahead – but with seven of the ...
The ships will be too large for the New Panamax-sized locks on the Panama Canal, [66] and their main route is expected to be Asia-Europe (through the Suez Canal). [68] The draft of the Triple E class is 14.5 metres (48 ft), less than the SuezMax requirement of 55.9 ft (17.0 m) at 59 m (194 ft) beam. [ 69 ]