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First Cargo Ships Take Trial-Run Through New Suez Canal

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  • First Cargo Ships Take Trial-Run Through New Suez Canal

    July 25, 2015 by Reuters

    Reuters : By Yusri Mohamed

    ISMAILIA, Egypt, July 25 (Reuters) – The first cargo ships passed through Egypt’s New Suez Canal on Saturday in a test-run before it opens next month, state media reported, 11 months after the army began constructing the $8 billion canal alongside the existing 145-year-old Suez Canal.

    The new waterway, which President Abdel Fattah al-Sisi hopes will help expand trade along the fastest shipping route between Europe and Asia, will be formally inaugurated on Aug. 6.

    Sisi wants the canal to become a symbol of national pride and to help combat Egypt’s double-digit unemployment. The old Suez Canal is already a vital source of hard currency for Egypt, which has seen tourism and foreign investment drain away in the years of turmoil since a 2011 uprising.

    Three container ships crossed the new waterway, state news agency MENA reported. One was an American ship heading to Egypt’s Port Said from Saudi Arabia, another was a Danish ship sailing to the United States from Singapore, and a Bahraini ship going to Italy from Saudi Arabia.

    The exercise took place amid tight security. An insurgency based in the Sinai Peninsula, which borders on the Suez Canal, has killed hundreds of soldiers and police since 2013. State television said there were helicopters circling above and showed naval vessels escorting the ships.

    Mohab Mameesh, chairman of the Suez Canal Authority overseer of the project, told state television that this test-run had been a success and that more would follow.

    At a later news conference, Mameesh said construction of another canal near the East Port Said port on the Mediterranean Sea would begin as soon as the New Suez Canal had been inaugurated.

    A senior Suez Canal Authority source told Reuters that the canal is expected to cost around $60 million and will be 9.5 kilometers (6 miles) long, 18.5 meters deep, and 250 meters wide.

    It will take around seven months to build, the source said, speaking on condition of anonymity.

    The existing canal earns Egypt around $5 billion per year. The New Suez Canal, which will allow two-way traffic of larger ships, is supposed to increase revenues by 2023 to $15 billion.

    It should also reduce navigation time for ships to 11 hours from about 22 hours, Mameesh said last month, making it the fastest such waterway in the world.

    The government also plans to build an international industrial and logistics hub nearby that it hopes will eventually make up about a third of the Egyptian economy. (Additional reporting by Omar Fahmy in Cairo; Writing by Ahmed Aboulenein; Editing by Raissa Kasolowsky)

    (c) Copyright Thomson Reuters 2015.
    Groetjes uit Zeeland,

    Willem Cool

  • #2
    Egypt’s New Suez Canal Mega-Project Greets The First Three Container Ships

    July 25, 2015


    Less than two weeks prior to the official inauguration of the New Suez Canal, three container ships have made it across the new waterway earlier on Saturday as a test-run, Egypt’s state news agency MENA reported.

    Under the patronage of the Egyptian army and president Abdel Fattah al-Sisi, the new waterway, an $US 8 billion mega-project that has been under construction since August 2014, is scheduled to be formally opened on August 6.

    “This is the first trial crossing but it will be followed by more trials,” Mohab Mameesh, the chairman of the Suez Canal Authority who led the project, told state television. “We are 99.2 percent done with everything. We should be completely done in two or three days.”

    suez.jpg
    Egypt’s New Suez Canal saw the passage of three container ships on its first day of trials. Source: Shutterstock

    In order to avoid imposing unnecessary burdens on the impaired Egyptian economy, al-Sisi had announced in March the release of investment certificates that were available for purchase by Egyptian citizens to fund the mega-project. The idea was met with grand enthusiasm, seeing the purchase of investment certificates worth approximately $US 7.6 billion, reported CNBC Arabia.

    During the Saturday test-run, the New Suez Canal welcomed the passage of the first container ship at 10 a.m. The American ship heading to Saudi Arabia from Egypt’s Port Said weighed 133,000 tonnes, while the second ship, a Danish one heading from Singapore to the United States was loaded with 95,000 tons of cargo. The third ship to make its way through the waterway was a Bahraini ship making its way from Saudi Arabia to Italy carrying a load of 77,000 tonnes.

    The currently existing 145-year-old Suez Canal, which has seen the passage of around 17,100 ships in 2014, according to the Suez Canal Authority, is considered to be one of Egypt’s primary national income sources. While the old canal reaps an estimate annual revenue of $US 5 billion, the new waterway which will allow two-way passage of ships is expected to triple the figure to $US 15 billion annually by 2023.

    Furthermore, the new dual Suez Canal is expected to speed up navigation, reducing the consumed time of passage from 22 hours to 11 hours, making it the world’s fastest waterway, according to Mameesh.

    Given the insurgency witnessed in the Sinai Peninsula during July, which has been recurrent in the area since 2013, Saturday’s trial took place under the heavy security of helicopters and naval vessels.



    http://egyptianstreets.com
    Groetjes uit Zeeland,

    Willem Cool

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    • #3
      First Cargo Ships Take Trial-Run Through New Suez Canal

      .
      Ferdinand zal er na zo lang wel vrede mee hebben veronderstel ik...

      Port Said, dec 1935. Met de Sibajak langs De Lesseps - kopie.jpg


      Jaap de Moor.

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