Thanks for reading Development Plan News 22/23: Providing Capability To Cope With Any Accident In The Suez Canal And Now With News Details
Cairo – Samia Saeed – During the new financial year 2022/2023, the Suez Canal Authority is putting on its agenda several important and significant projects, in light of the investment of about 13.1 billion pounds allocated to the authority to implement. Work on development of navigation corridors and ancillary services.
And Planning Minister, Dr. The Economic and Social Development Document presented by Hala Al-Saeed and approved by both Houses of Parliament (Khasdar and Sheikh), reveals the most prominent targeted projects of the fiscal year, the most important of which is the capacity needed to combat and deal with ship accidents in the canal, especially oil spills. accident
The navigation channel connecting the Mediterranean Sea at Port Said and the Red Sea at Suez and the navigational services provided by the canal make the Suez Canal particularly important as a major artery for global maritime trade movements. Besides being the shortest route connecting ships and transiting carriers, East and West, which saves time and distance for transit of ships, gives the canal a competitive advantage over other shipping lanes.
The Suez Canal contributes to the absorption of the growing trade movement and the receipt of huge tankers and giant ships, as it accounts for about 10% of the total world trade movement and about 25% of the total movement of containerized goods globally and almost 100% of the total maritime container trade.
It is worth noting that according to Suez Canal Authority statistics, the canal’s activities were not significantly affected in the first year (2020) of the pandemic, as the number of passenger vessels stabilized at 19,000 vessels compared to the previous year, the net tonnage decreased by less than 0.8%, and revenues from Asia and Europe meanwhile is in the range of 5.6 billion dollars.
During 2021, performance indicators showed a significant improvement, with the number of transiting vessels increasing by 10%, net tonnage by 8.6% and related revenue by 12.5%.