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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.
Suez Canal Authority produces tables of width and acceptable draft, which are subject to change. [1] From 2010, the wetted surface cross sectional area of the ship is limited by 1,006 m 2 (10,830 sq ft), which means 20.1 metres (66 ft) of draft for ships with the beam no wider than 50.0 metres (164.0 ft) or 12.2 metres (40 ft) of draft for ...
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 cost of shipping a standard 40-foot container from Asia to northern Europe has surged from less than $1,500 in mid-December to nearly $5,500.
As the Northern Sea Route is a strategically important transport artery, it can already be called economically profitable in comparison, for example, with the Suez Canal due to a number of reasons: [citation needed] Fuel savings due to reduced distance; The shorter distance reduces the cost of staff labor and chartering vessels;
The Egyptian government has calculated a $1 billion bill to get the MV Ever Given cargo ship unstuck in the Suez Canal.
Cruise itineraries in the Middle East are in disarray due to the unfolding tragedy in Israel and Gaza.. One leading cruise line has cancelled its entire Red Sea programme through to 17 April 2024 ...