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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.
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.
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
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 ...
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 Egyptian government has calculated a $1 billion bill to get the MV Ever Given cargo ship unstuck in the Suez Canal.
The ships made one or two round-trip voyages per year between ... of steam powered ships and the opening of the Suez Canal, ... cost was 78,000 pesos per galleon and ...
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 ...