28 January 2020
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.
05 February 2015
Whereas the slow pace of recovery of the global economy fails to ease the pain in the global shipping industry significantly, the “no increase of Suez Canal tolls” announcement by the Suez Canal Authorities is a welcome easing.
12 October 2017
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.
16 June 2020
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.
16 February 2011
Right now, all eyes seem to be on the Suez Canal as Egypt faces political unrest. Events have pushed the oil price above USD 100 per barrel for Brent crude
07 August 2014
Perspectives on the revealed plan for Suez Canal expansion. Increased competition between the two giant canals should provide better service to the shipping industry.
12 September 2016
24 March 2020
24 March 2020
11 December 2013
The fleet is being heavily skewed towards the bigger sizes, as investors seek to lower unit costs, reap the benefits of economies of scale and by that, improve competitiveness. The future is set for slow steaming and larger volumes on each ship, but profitability for the operators will depend on utilisation.