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Suez Canal Authority: We are studying entering into partnerships to implement new investments

Suez Canal Authority: We are studying entering into partnerships to implement new investments

During his participation in the discussion session, he added, “The flexibility of logistical services in the face of unrest in… Red Sea In Saudi Arabia, the current situation in the Red Sea region is an exceptional crisis that the region has never witnessed before and a major security challenge that has had a negative impact and repercussions on the sustainability of global supply chains, the rates of ship transit through the canal, and the flow of goods.

He pointed out the decline recorded in the canal’s navigation statistics, as the number of ships passing through decreased from 25,887 ships during the fiscal year 2022/2023 to 20,148 ships during the fiscal year 2023/2024. Revenues also declined from $9.4 billion during the fiscal year 2022/2023 to $7.2 billion during the fiscal year 2023/2024. 2023/2024.

The Chairman of the Authority pointed out that indicators since last November 19 showed that more than 6,600 ships took the Cape of Good Hope route as a result of the current tensions in the region.

Lieutenant General Rabie stressed that Suez Canal Since the beginning of the crisis, it has been taking a set of measures and procedures that would reduce the effects of the crisis and maintain the safe and smooth flow of navigation traffic in the canal by opening direct lines of communication with all shipping lines, unions and ship operators, and holding periodic meetings with the International Maritime Organization, the International Chamber of Shipping and others. Actors in the maritime community.

The Chairman of the Authority pointed out that the Suez Canal has developed a group of navigational services to serve its customers in normal and exceptional circumstances, including ship maintenance and repair services and pollution control, as well as refueling services, solid waste removal, marine ambulance service and marine crew replacement using the Authority’s boats, along with entering into… Partnerships to implement new investments that achieve economic returns, such as port development projects and the establishment of container docks in cooperation with the Ministry of Transport.

The Chairman of the Authority added that despite the current turmoil, the Suez Canal is still the most important, shortest, and safest shipping lane compared to other shipping routes. Cape of Good Hope It lacks sustainability and maritime services, in addition to the success of the Suez Canal in reducing carbon emissions by 51 million tons over the past year alone.



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