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Suez Canal seals USD 22 mn grant for services fleet-
The Suez Canal Authority (SCA) secured a USD 22 mn grant from the Japan International Cooperation Agency (Jica) to obtain its first diving support vessel. The dual-fuel-engined vessel will be built in Japan and help the SCA strengthen navigational safety, towing capacity, and emergency response across the canal.
The SCA has been expanding its service vessel fleet to handle more complex operations in the canal as it prepares for an uptick in maritime transit traffic next year. Jica’s backing came after the SCA announced contracts worth EGP 4.2 bn (c. USD 85 mn) to add 10 new tugboats to its fleet, a senior government official told EnterpriseAM last week.
