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    Suez Canal starts dredging work to extend double lane

    CAIRO, Egypt - The Suez Canal Authority (SCA) has started dredging work to extend a second lane that allows for two-way traffic in a southern section of the canal near to where a giant container ship got stuck for six days in March, it said on Saturday, 15 May.
    A ship sails through Suez Canal as traffic resumes after a container ship that blocked the waterway was refloated. Reuters/Ahmed Fahmy

    The SCA announced this week that it was planning to extend a second canal lane that opened in 2015 by 10km to make it 82km long, and would widen and deepen a single lane stretch at the southern end of the canal.

    The work had begun following directives from Egyptian President Abdel Fattah al-Sisi "to immediately start implementing the proposed development plan and put in place a timetable for completion as soon as possible", the SCA said on Saturday.

    How the incident on the Suez highlights insurance risks of mega ships

    Insurers have warned for years that the increasing size of vessels is leading to a higher accumulation of risk. These fears have been realised by the large container ship currently blocking the critical Suez Canal sea route...

    26 Mar 2021


    The grounding of the 440-metre Ever Given container ship in a southern section of the canal from 23-29 March delayed the passage of hundreds of vessels through the waterway, disrupting global trade.

    The Ever Given, still loaded with thousands of containers, is being held in the Great Bitter Lake between two stretches of the canal, amid a dispute over an SCA compensation claim against the ship's Japanese owner Shoei Kisen.


    SOURCE

    Reuters
    Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
    Go to: https://www.reuters.com/
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