Displaying items by tag: SUEZ

Abdel Fattah Al Sisi, the Egyptian general, who became president, managed to realize what his predecessors had promised to Egypt without results: widening the Suez Canal ensuring the national economic growth and the redistribution of the wealth.

The enlargement phase of the Suez Canal, which began on the 6th of August 2014 in obedience of President Abdel Fattah El Sisi’s will, is almost over.

The Suez canal authority has decided to begin the expansion's works of the Suez canal after the growth of the world maritime trade. The project which has a 1,5 billion dollars price envisage on one hand the expansion of the Canal through 17 aspirating dredges for drainage activities allowing to improve the depth of the Canal up to 24 meters, on the other hand it envisages the construction of a second Canal parallel to the existing one that would extend to almost 50 km.

After the announce of the building constructions of the Nicaragua Canal and of the consequently answer of the Panama Canal, there was obviously the answer of one of the biggest canals of the world: the Suez Canal.

The Suez Canal it’s an artificial ship canal situated in Egypt westerly to the Sinai Peninsula between Port Said (Bûr Sa'îd) on the Mediterranean Sea and Suez. It allows ships to travel between Europe and Asia without circumnavigating Africa on the sailing route of Cape of Good Hope.

The CMA-CGM has finally launched its new flagship, the containership Jules Verne.

It is the containership number 3 of the CMA CGM "series".

"The series" is a project (co-produced by the French company CMA CGM and the Korean shipyard Samsung Heavy Industries), which involves the construction of 3 containerships gigantic size to increase still and considerably the capacity of the hold.

The ships featured in this project are: Marco Polo, Alexander Von Humboldt and Jules Verne.

The latter is the largest of the three at sea with a capacity of 16,000 TEUs, long 396 meters wide and 54 meters will be used for the service FA1. The service FA1 (French Asia Line) which began on June 5 has developed between Busan, Qingdao, Ningbo, Shanghai, Xiamen, Hong Kong, Chiwan, Yantian, Port Kelang, Suez and Malta, to continue its rotation in the port of Tangier, Souththampton, Hamburg, Bremerhaven, Rotterdam, Zeebrugge, Le Havre, Malta, Suez, Khor Al Fakkan, Jeber Ali and Port Kelang, and ending in Ningbo.

IFA - Internationa Forwarding Agent is ready to embark on these new giants of the sea: fill out the form to request a quote.

Circumnavigate Africa, passing the Cape of Good Hope, could become cheaper, given the new price increases for the passage of ships through the Suez Canal, expected to enter in force from May 1st 2013.

ICS (International Chamber of Shipping) notify it, noting that at the time, due to the large contingent difficulties, some shipowners would not be able to sustain the increases.
In particular, the rates would suffer increases of 3% for normal ships and 5% for tankers and gas carrier ships.

These assessments should be included in a context in which recently there have been increases in rates of 3% for the transition from Suez, and in which we must not forget the risk factors related to the route which is still exposed to attack from pirates and under the indirect effects of instability in Yemen.

Precisely because of these problems, the reflections that are making many shipowners are clear, so then they are turning their attention to possible alternatives addressing their fleets through the Cape of Good Hope.

Compared to projected increases in surcharge for transit via the Suez Canal, IFA has already begun to negotiate freight's reductions to the proposed fare increase so that does not impact too much on the cost of transporting goods to its customers.