6.9 C
Hamburg
Tuesday, January 31, 2023
Home News SCA boss says Suez Canal expansion will be completed in July next...

SCA boss says Suez Canal expansion will be completed in July next year

The chairman of the Suez Canal Authority (SCA), Osama Rabie, has confirmed that the expansion of the canal is expected to be completed in July 2023, 24 months after the launch of the project, according to a Reuters report.

The authority has unveiled plans to extend a second channel of the Suez Canal and to enlarge the existing one, after Ever Given blocked the major waterway in March 2021 in the most popular container ship accident in the world, causing significant supply chain challenges worldwide.

The completion of the project will improve ship navigation by 28% in this difficult part of the canal, according to Rabie, who participated in the event entitled "The Suez Canal and Challenges in World Trade" in the Egyptian Pavilion at Expo 2020 Dubai, on 16 January.

"The Suez Canal event aims to strengthen the bonds of cooperation with its partners in success, listen to the clients’ points of view and their evaluation of the performance and policies of the Suez Canal Authority in promoting world trade, as well as explaining the mechanisms of operation and development in the Suez Canal and reviewing the future vision during the coming period," said SCA in a statement.

Latest Posts

MSC’s updated service to connect West Med, West Africa and Türkiye

MSC announced the enhancement of its West Mediterranean - West Africa service to link directly Türkiye with West Africa region. The service will be renamed...

Prime mover driver dies after vehicle plunges into sea off Singapore port

The driver of a prime mover was killed after his vehicle fell into waters off Singapore’s Keppel Terminal this morning (31 January). The Maritime and...

MPC Container Ships sells one, buys two boxships

The Norwegian vessel owner MPC Container Ships (MPCC) and its joint venture partner have agreed to sell the 2,800 TEU container ship AS Carinthia,...

Maersk partners with German start-up to increase emission visibility for e-commerce

A.P. Moller - Maersk and Berlin-based start-up Cozero have announced the start of their collaboration to create analytics tools to increase Green House Gas...

China ports achieve container growth in 2022; Shanghai, Ningbo and Shenzhed remain on the podium

The overall container volume of major Chinese ports rose 4.7% in 2022, compared with 2021 box volume, reaching 295.9 million TEUs. Additionally, the overall cargo...