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In 2008, 21,415 vessels passed through the canal and the receipts totalled $5.381 billion, [140] 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 Selden Map, a merchant map ... century after the invention of steam powered ships and the opening of the Suez Canal, ... cost was 78,000 pesos per galleon and at ...
Indeed, the overall time of the journey depends greatly on the time spent in ice-water which slows down ships considerably. As such, if the routes are open only 3 months in a year, which implies bad ice conditions, the aforementioned transit could result in a loss of 3 days compared to the one passing through the Suez canal. [10]
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 cost of blocking shipping for almost a week through the Suez Canal, one of the world's busiest waterways, comes in at right around $1 billion.
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 ...
Maximum ship sizes for the Panama and Suez canals [127] The canal faces increasing competition from other quarters. Because canal tolls have risen as ships have become larger, some critics [128] have suggested that the Suez Canal is now a viable alternative for cargo between Asia and the US East Coast. [129]
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 ...