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Araghchi to Grossi: These parties will bear responsibility for the consequences of their actions
Araghchi to Grossi: Iran will respond to any unlawful action by European countries or parties attempting to turn the Agency into a tool for achieving their objectives
Araghchi to Grossi: We urge the Agency to warn against the consequences of any political move against Iran
Araghchi to Grossi: We call on the Agency to highlight Iran’s full cooperation during the upcoming Board of Governors meeting next week
Araghchi to Grossi: We demand that the Agency reflect the facts in a manner that prevents certain parties from exploiting it to advance their political agendas
Iranian Foreign Minister Abbas Araghchi holds a phone call with IAEA Director General Rafael Grossi
Trump envoy Witkoff has sent 'detailed and acceptable proposal' to Iran for nuclear deal; it's in their best interest to accept it: White House Press Secretary Leavitt
Hamas official says Witkoff's position toward group was 'unfair' and shows 'complete bias' to 'Israel'
Hamas official says it has considered Witkoff's proposal acceptable for negotiations, says 'Israel's' response was incompatible with what the group agreed on
Hamas official says group has not rejected Wikoff's proposal for Gaza ceasefire

Egypt's Suez Canal to offer incentives for eco-friendly ships

  • By Al Mayadeen Net
  • Source: Agencies
  • 3 Jan 2022 15:11
2 Min Read

The Canal announced on Sunday that its annual revenues were $6.3 billion last year, the highest in the vital waterway's history.

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  • Egypt's Suez Canal to offer incentives for eco-friendly ships
    20,649 vessels passed through the Suez Canal last year.

Egypt's Suez Canal Authority (SCA) intends to offer financial incentives to ships that adhere to environmentally friendly standards, according to the Egyptian daily El Watan, citing a TV interview with SCA Chairman Osama Rabieh.

The Suez Canal in Egypt announced on Sunday that its annual revenues reached $6.3 billion last year, the highest in the waterway's history. The Suez Canal Authority's Head, Admiral Osama Rabei, said last year's revenues increased 12.8 % to 2020 when the canal earned $5.6 billion.

He stated in a statement that 20,649 vessels passed through the Suez Canal last year, a 10% increase from 18,830 vessels in 2020.

The Suez Canal, which connects the Mediterranean and Red seas, carries about 10% of global trade, including 7% of global oil. The canal, which first opened in 1869, provides Egypt with both national pride and foreign currency. The unprecedented 2021 revenues came as the shipping industry is still reeling from the effects of a two-year coronavirus pandemic.

The canal, one of the world's most important waterways, was closed for six days in March after a massive Panama-flagged container ship, the Ever Given, ran aground in the waterway's single lane.

  • Suez Canal Authority
  • Egypt
  • Suez Canal
  • Suez
  • Suez Canal Authority (SCA)

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