Suez Canal sweetens rebates for boxships from US East Coast to Asia

Suez Canal sweetens rebates for boxships from US East Coast to Asia

The Suez Canal Authority (SCA) has further sweetened rebates for containerships sailing from the US East Coast to Southeast Asia and beyond as it seeks to stem of loss of business from lines deciding to sail via the Cape …
Jun 8, 2016 /  Curious
Container Ship MSC Fabiola hard aground in Suez Canal

Container Ship MSC Fabiola hard aground in Suez Canal

The container vessel MSC Fabiola went aground Thursday (Apr 28) at the southern end of the Suez Canal, reportedly blocking traffic. "For the ship to run aground at such an unfortunate place is rare," said Jacob …
Apr 30, 2016 /  Accidents
Suez Canal in 30% rebate US East Coast - Asia bound containerships

Suez Canal in 30% rebate US East Coast - Asia bound containerships

The Suez Canal Authority is offering a 30% rebate for containerships transiting canal from US East Coast ports and destined for Asia.The rebate applies to vessels sailing from New York and ports to the south of …
Apr 6, 2016 /  Curious
Are ships really avoiding the Suez?

Are ships really avoiding the Suez?

While the Nile River has frequently been described by Egyptians as the country’s lifeline, the Suez Canal could be considered the pulse of the Egyptian economy. The canal has recently become the economy’s …
Mar 31, 2016 /  Curious
Cargo ships could save thousands by skipping the Suez Canal

Cargo ships could save thousands by skipping the Suez Canal

The low price of oil is allowing cargo vessels to avoid the costly tariffs of the Suez and Panama canals and take the long way round Africa instead, according to a new report. The report released this month by maritime …
Feb 29, 2016 /  Curious
The CMA CGM RACINE is the first vessel to cross the New East Port Said side Channel

The CMA CGM RACINE is the first vessel to cross the New East Port Said side Channel

CMA CGM, a leading worldwide shipping Group, is pleased to announce that the CMA CGM RACINE was the first vessel to cross the New East Port Said side Channel, during the Opening ceremony held on February, 24th. …
Feb 27, 2016 /  Vessels
Egypt Inaugurates New Suez Shipping Lane

Egypt Inaugurates New Suez Shipping Lane

A new shipping lane in the Suez Canal, which is parallel to Egypt’s Port Said and allows ships to sail in both directions to effectively lower sailing times, has been inaugurated by the Suez Canal …
Feb 26, 2016 /  Curious
Capesize NEW KATERINA aground with water ingress in Suez Canal, traffic stopped

Capesize NEW KATERINA aground with water ingress in Suez Canal, traffic stopped

Capesize bulk carrier NEW KATERINA ran aground in Suez Canal at around 14:00 LT on Thursday (Feb 25) while transiting the waterway in southern direction. The cargo vessel suffered a hole in fore part, reportedly …
Feb 26, 2016 /  Accidents
East Port Said Canal’s Inauguration Set for Feb 24th, 2016

East Port Said Canal’s Inauguration Set for Feb 24th, 2016

Suez Canal Authority (SCA) Chairman Mohab Mamish said on Monday last week that February 24th was set as a date for the official inauguration of East Port Said Canal. Port Said Shipyard is being developed in order to be …
Feb 23, 2016 /  Curious
UASC celebrates the world’s greenest vessel passing through the new Suez Canal

UASC celebrates the world’s greenest vessel passing through the new Suez Canal

United Arab Shipping Company (UASC) and Ahli United Bank, Egypt marked the passing of 18,800 TEU Vessel M.V. Al Zubara, the world’s greenest ultra-large container vessel, through the new Suez Canal this week. The …
Jan 14, 2016 /  Vessels