Suez Canal

Suez Canal Authority issues warning after stranded vessel abandoned for two weeks

The Suez Canal Authority (SCA) has issued a formal statement regarding the stranded vessel FENER, which has remained grounded off the coast of Port Said for nearly two weeks. The Authority clarified that the vessel lies outside its legal jurisdiction, noting that it cannot initiate salvage operations without an official request from the shipowner or …

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Egypt Independent January 30, 2026

Ship coming in from Turkey runs aground outside Suez Canal waterway

The Chairman of the Suez Canal Authority, Osama Rabie, said on Tuesday that navigation through the canal is proceeding normally in both directions and has not been affected by the grounding of the Turkish general cargo ship FENER. The incident occurred outside the canal’s shipping lane in the western waiting area north of Port Said, …

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Egypt Independent January 14, 2026

‘Shipping giants’ return to Suez Canal

Several shipping lines, including global giants, have resumed transiting the Suez Canal following the signing of the peace agreement in Sharm el-Sheikh, which led to improved conditions and an end to tensions in the Red Sea region. Experts stated that a discount has been approved on operational risk insurance for ships transiting the Red Sea, …

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Egypt Independent December 16, 2025

Photos: One of the world’s largest car carriers transits Suez Canal

The Chairman of the Suez Canal Authority (SCA), Osama Rabie announced that BYD XI’AN, one of the world’s largest car carriers, has made its first voyage through the Suez Canal coming from Singapore and heading to Italy. The car carrier is 219 meters long, 37 meters wide, and has a draft of 10 meters. It …

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Egypt Independent July 16, 2025

Trump stirs up controversy over suggesting US ships should pass for free in Suez Canal

US President Donald Trump on Saturday has sparked outrage on Egyptian media and online discussions after he said that US military and commercial vessels should be allowed free passage through the Suez Canal. “American Ships, both Military and Commercial, should be allowed to travel, free of charge, through the Panama and Suez Canals! Those Canals …

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Egypt Independent April 27, 2025

How will Trump’s tariffs impact the Suez Canal?

Osama Rabie, Chairman of the Suez Canal Authority, stated that the tariffs recently imposed by the United States on China could affect global trade and, consequently, the Suez Canal. Rabie added, during a press conference on Thursday, that Chinese goods constitute a significant portion of the Suez Canal’s trade traffic, and imposing tariffs on them …

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Egypt Independent April 18, 2025

Suez Canal revenues plunge by 60 percent as Egypt faces economic and political turmoil

Suez Canal revenues plunge by 60 percent as Egypt faces economic and political turmoil The drop of over $7 billion

Middle East Eye December 28, 2024

Suez Canal suffers significant revenue loss of over 60 percent in the last 7 months: Sisi

The Suez Canal’s revenue has taken a significant hit over the past seven-eight months, due to Israel’s escalating war in the region and its consequences. President Abdel Fattah al-Sisi announced Sunday that these losses could reach between 50-60 percent of total receipts, potentially amounting to six billion dollars. Earlier in February, Sisi that Suez Canal …

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Egypt Independent September 29, 2024

SCEZONE inks usufruct contract with Turkish company worth $40 mln

The Suez Canal Economic Zone (SCEZONE) announced on Tuesday inking a land usufruct contract of 65,000-square-meter area with the Turkish company of Eroglu Egypt for ready-made clothes at investments worth $40 million . The contract was inked by Head of the Suez Canal Economic Zone (SCZONE) Walid Gamal Eldin and Chairman of the company Ömmet …

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Egypt Independent May 29, 2024

SCZone successfully attracts 128 projects worth US$6 billion within two years

The Suez Canal Economic Zone (SCZone) in two years has successfully attracted 128 projects worth six billion dollars, of which Chinese investments represent 40 percent. The Chairman of the General Authority of the SCZone Walid Gamal-Eddin said that it was the fruitful cooperation with industrial developer TEDA-Egypt that served as the starting point that built …

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Egypt Independent May 18, 2024

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