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We would like to inform our members that David Loosley, Secretary General and CEO for BIMCO, has written a letter to the Chairman of the Suez Canal Authority.
Although the container ship “Ever Given” was fortunately freed after less than a week blocking the Suez Canal, the consequences for owners and operators due to the delays caused may last for several weeks or even months.
Although the container ship “Ever Given” was fortunately freed after less than a week blocking the Suez Canal, the consequences for owners and operators due to the delays caused may last for several weeks or even months.
BIMCO has received numerous questions related to the costs of “sea trials” in the Suez Canal – mainly creating disputes for ships transiting for the first time.
Transits through the Suez Canal, the beating heart of the Egyptian economy, have stayed remarkably resilient to the fallout of the Covid-19 pandemic if judging by total transits of the three commercial shipping sectors which are up 8% year-on-year.
At the end of 2019, the Suez Canal Authority issued a circular (no. 8/2019) related to the IMO 2020 sulphur regulation, in which it also placed a ban on the discharge of wash water from open-loop scrubbers while transiting the Canal.
Perspectives on the revealed plan for Suez Canal expansion. Increased competition between the two giant canals should provide better service to the shipping industry.