Suez Canal Authority (SCA) Archives - The Loadstar

Egypt claims Houthi attacks have cost its economy $6bn in lost Suez revenue

Charlie Bartlett technology editor — Mon, 04 Nov 2024 13:58:04 +0000

Egypt has suffered a $6bn hit from the Red Sea crisis and drop in Suez Canal transits, a minister has told the IMO – but Yemen’s Houthis have vowed to continue their attacks.
Yahya Sarea, a Houthi spokesperson claimed in a weekend televised address that Israel-linked maritime businesses were seeking to change ownership, but the group would not recognise any changes and would continue to attack vessels going to, coming from, ...

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Charter market heats up – carriers could need up to 200 extra ships

Alexander Whiteman — Thu, 25 Jan 2024 13:34:25 +0000

Brokers are reporting more “heightened activity” in the containership charter market as ocean carriers fight to secure tonnage to mitigate the impact of Red Sea diversions.
According to an analysis by Maritime Strategies International (MSI), carriers could need to deploy up to 200 extra ships on their east-west networks in order to maintain weekly sailings.
Meanwhile, Alphaliner reported that daily hire charter rates “have been rising across the board”.
“The crisis in the ...

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Two Maersk box ships come under fire in latest Houthi missile attack

Alexander Whiteman — Thu, 25 Jan 2024 13:00:31 +0000

A week after US president Joe Biden admitted airstrikes were not preventing Houthi attacks on shipping, another missile attack last night forced two Maersk vessels to abandon their naval convoy and flee the Red Sea.
US-flagged Maersk Detroit (pictured above) and Maersk Chesapeake were under escort by US naval vessel USS Gravely and were carrying military supplies when Houthi militants attacked them with a barrage of missiles.
Maersk said: “Both ships reported ...

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Book a slot for Panama Canal transit as protests add to low water delays

Charlotte Goldstone — Wed, 01 Nov 2023 13:45:43 +0000

Shipping lines are facing more disruption and delay at the Panama Canal, owing to the “driest October in 73 years”, as well as anti-mining protests in the region.
The Panama Canal Authority (PCA) announced new operational measures yesterday, following “41% less rainfall than usual”.
It said: “The canal and the country face the challenge of the upcoming dry season with a minimum water reserve that must guarantee supply for more than ...

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Shipowner to blame, claims industry plaintiffs in latest Ever Given court case

Nick Savvides — Fri, 23 Sep 2022 12:57:27 +0000

A group of cargo owners are blaming Shoei Kisen Kaisha, the Japanese owner of Ever Given, for last March’s financially catastrophic grounding of the vessel in the Suez Canal.
In an unconventional turn for maritime incidents, it is the 20,388 teu ship’s owner and not crew members being assigned culpability in the most recent court case, brought by Adriaanse Import & Export, JDM Food Group, Rewe-Zentral, TFC Holland and insurers AIG ...

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Freight rate bonus for carriers leads to 15% hike in Suez Canal fees

Nick Savvides — Tue, 20 Sep 2022 11:41:32 +0000

Suez Canal Authority (SCA) chairman and MD Ossama Rabiee has announced a 15% hike in canal charges next year.
The 15% hike will apply to all vessels, except cruise ships and bulk carriers, which will see a 10% increase, said Mr Rabiee, in “a balanced and flexible strategy that will compensate the SCA for rising costs in a volatile global economy”.
He added: “Determining the Suez Canal transit tolls rests on a number ...

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Suez Canal raises tariffs tomorrow

LoadstarEditorial — Mon, 28 Feb 2022 10:14:04 +0000

Leth agencies report 5 to 10% tariff increases
Changes_in_Suez_Canal_Tariff_March_1_2022

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Canal costs set to rise as demand grows and the green revolution intensifies

Nick Savvides — Fri, 05 Nov 2021 14:38:05 +0000

The Panama Canal Authority (PCA) is planning a green transition that will see the long-term costs of transiting the waterway increase, while counterpart the Suez Canal has announced a more immediate price increase.
The PCA is expected to say tomorrow at the COP26 conference in Glasgow, that it will begin a $70bn long-term development programme to take the canal to zero-carbon emissions by 2050.
The PCA’s climate specialist, Alexis Rodriguez, told The ...

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Port of Durban recovers from civil unrest, but citrus industry feels long-term pain

Mike Wackett — Tue, 20 Jul 2021 13:28:26 +0000

As South Africa cleans up after days of civil unrest and widespread looting, shippers and ocean carriers are beginning to see operations normalise at the nation’s citrus export hub of Durban.
The crisis is the latest disruption for the overstretched liner networks and container fleets, following the Suez Canal blockage and Yantian lockdown.
However, there is likely to be a longer-term impact for South Africa’s fruit growers and exporters as they attempt ...

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Evergreen releases slow-sailing Ever Given’s port call itinerary

Nick Savvides — Fri, 16 Jul 2021 12:40:25 +0000

Taiwan’s Evergreen Marine Corporation has released details of the Ever Given’s scheduled port calls, following the vessel’s departure from the Suez Canal region on 7 July.
Ever Given is expected to arrive on its first port of call, Rotterdam’s Delta Terminal, on 28 July to discharge cargo, including transhipment boxes, before leaving for the port’s Euromax Terminal, where on 2 August it will discharge Hamburg-bound cargo for transhipment. All transhipment cargo ...

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