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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.
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 ...
Dredging and tugging aimed at freeing a mega vessel stuck in the Suez Canal failed on Friday to end a blockage that has lifted shipping rates for fuel tankers and scrambled global supply chains ...
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The Suez Canal Authority (SCA) chief, Osama Rabie, said on Saturday, that water had begun to run underneath the vessel. Suez Canal latest: Efforts to free ship continue as preparations are made to ...
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 ]
Footage shows efforts to free a 1,300-foot container ship blocking the Suez Canal, which has caused a backlog of nearly 200 vessels. Shipping experts have warned that a resumption of traffic ...