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Jul 17, 2021 · The Suez Canal Authority has moved briskly to prevent future disruptions of canal traffic, which brings Egypt more than $5 billion a year in much-needed foreign currency.
The Suez Canal is a human-made waterway that cuts north-south across the Isthmus of Suez in Egypt. The Suez Canal connects the Mediterranean Sea to the Red Sea, making it the shortest maritime route to Asia from Europe. Since its completion in 1869, it has become one of the world’s most heavily used shipping lanes.
Suez Canal, Ship canal, Isthmus of Suez, Egypt. Connecting the Red Sea with the eastern Mediterranean Sea, it extends 163 km (101 mi) from Port Said to the Gulf of Suez and allows ships to sail directly between the Mediterranean and the Indian Ocean. Built by the French-owned Suez Canal Co., it was completed in 1869 after a decade of ...
As ultimately constructed, the Suez Canal was a 193-km (120-mile) lockless waterway connecting the Mediterranean and the Red Sea. From its northern terminal at Port Said, the canal passes through the salt marsh area of Lake Manzala, with the freshwater canal running parallel. About 48 km (30 miles) from Port Said, an 11-km (7-mile) bypass built ...
Mar 29, 2021 · The Suez Canal is a crucial choke point for oil shipping, but so far the impact on the oil market of this major interruption of trade flows has been relatively muted. Though prices jumped after ...
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- Nada Rashwan
In March 2021, the Suez Canal was blocked for six days by the Ever Given, a container ship that had run aground in the canal. The 400-metre-long (1,300 ft), 224,000-ton, 20,000 TEU vessel was buffeted by strong winds on the morning of 23 March, and ended up wedged across the waterway with its bow and stern stuck on opposite canal banks, blocking all traffic until it could be freed.
Sep 9, 2019 · In 1858, the Universal Suez Ship Canal Company was formed and given the right to begin construction of the canal and operate it for 99 years, when the Egyptian government would take over control. At its founding, the Universal Suez Ship Canal Company was owned by French and Egyptian interests. Construction of the Suez Canal officially began on ...
