{"id":561438,"date":"2021-04-07T03:55:52","date_gmt":"2021-04-07T03:55:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/we-could-be-seeing-expansion-work-done-on-the-suez-canal\/"},"modified":"2021-04-07T03:55:52","modified_gmt":"2021-04-07T03:55:52","slug":"we-could-be-seeing-expansion-work-done-on-the-suez-canal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/we-could-be-seeing-expansion-work-done-on-the-suez-canal\/","title":{"rendered":"We could be seeing expansion work done on the Suez Canal"},"content":{"rendered":"

The Suez Canal Authority (SCA) is considering an expansion of the <\/strong>Southern section of <\/strong>the waterway<\/strong> where MV Ever Given became lodged late last month, SCA chairman Osama Rabie told Reuters<\/a>. Acquiring new cranes that could vertically offload cargo from up to 52 metres is also on the authority\u2019s radar, to help mitigate any future incidents in the canal. \u201cOur procedures are sound, we are just aiming to improve the service\u201d Rabie said.<\/p>\n

About face?<\/strong> The construction work could move forward despite Rabie\u2019s indication<\/a>last week<\/a> that the undertaking would not be economically feasible.<\/p>\n

The Ever Given should be out of here within two to three days<\/strong>, Rabie said, following the conclusion of the investigation. The ship is currently anchored in the Great Bitter Lake, and has handed over data from its recorders to the investigation team.<\/p>\n

Egypt wants to reach a<\/strong> financial settlement for the blockage<\/strong> out of court <\/strong>and has been in negotiations with the owners of the vessel \u201cfor nearly a week,\u201d Rabie told the Associated Press<\/a>. \u201cBringing the case before a court would be more harmful to the firm than settling,\u201d he noted. The SCA head said last week that Egypt could look to claim some USD 1 bn in damages<\/a>from ins. companies, which includes foregone revenues of around USD 15 mn for each day the ship blocked the canal, as well as damages to the waterway from dredging the bank\u2019s embankment to free the ship.<\/p>\n

A minor incident in the waterway put eyes on the canal again yesterday <\/strong>after an oil tanker briefly experienced engine failure during its passing, causing a 10 minute delay to traffic, according to an SCA statement<\/a>. The 62k tonne vessel was escorted by tugboats Tim Hope and Mosaed 3 through the canal and has since addressed the technical malfunction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Suez Canal Authority (SCA) is considering an expansion of the Southern section of the waterway where MV Ever Given became lodged late last month, SCA chairman Osama Rabie told Reuters. Acquiring new cranes that could vertically offload cargo from up to 52 metres is also on the authority\u2019s radar, to help mitigate any future […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8996],"tags":[72,134,7143,7103,133],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561438","post","type-post","status-publish","format-standard","hentry","category-suez-canal","tag-enterpriseam","tag-ever-given","tag-osama-rabie","tag-suez-canal","tag-suez-canal-authority","wpautop","entry"],"acf":{"mongo_id":"3e6af08d-5696-4f80-bbb9-9f3cb4a0e816","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[561425],"teaser":"","voice_url":""},"yoast_head":"\nWe could be seeing expansion work done on the Suez Canal - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/we-could-be-seeing-expansion-work-done-on-the-suez-canal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We could be seeing expansion work done on the Suez Canal\" \/>\n<meta property=\"og:description\" content=\"The Suez Canal Authority (SCA) is considering an expansion of the Southern section of the waterway where MV Ever Given became lodged late last month, SCA chairman Osama Rabie told Reuters. 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