May 16, 2021

Suez Canal starts dredging work to extend double lane


The Ever Given, a Panama-flagged, Japanese-owned ship, had ran aground in the single-lane stretch of the canal on March 23

CAIRO: The Suez Canal Authority (SCA) has started dredging work to extend a second lane that allows for two-way traffic in a southern section of the canal near to where a giant container ship got stuck for six days in March, it said on Saturday.
The SCA has said previously that it planned to extend a second canal lane that opened in 2015 by 10 km to make it 82 km long, and that it would widen and deepen a single lane stretch at the southern end of the canal.
Egypt earlier announced plans to widen and deepen the southern part of the Suez Canal.
The Ever Given, a Panama-flagged, Japanese-owned ship, had ran aground in the single-lane stretch of the canal on March 23 before it was extracted six days later after a massive salvage effort by a flotilla of tugboats.
The vessel is still held in the canal's Great Bitter Lake amid a financial dispute between its owners and the Suez Canal Authority.

arabnews


Categories : finance & economy

Finance & Economy

EGX30 to test its strength by breaching 10,000 points level this week

2021-06-13 07:00:00

The Egyptian Exchange (EGX) aims to test its ability to rise above the 10,000 points level, and continue trading above this level"...
Read More

M.B Engineering's standalone profit drop...
June 13, 2021
Egypt denies price hike of 90 strategic ...
June 13, 2021

Latest News



finance & economy

EGX30 to test its strength by breaching ...
June 13, 2021
M.B Engineering's standalone profit drop...
June 13, 2021
Egypt denies price hike of 90 strategic ...
June 13, 2021