Suez Chair: Canal Expansion to be operational Q1 2025
The new stretch of the Suez Canal near Egypt's Little Bitter Lake will be operational in the first quarter of this year, the chairman of the canal authority Osama Rabie said on Tuesday.In a statement, Rabie said the navy would reissue navigational maps after adding the 10-km (6.2 mile) extension to the canal.Egypt said on Saturday it had successfully tested the new 10-km stretch near the canal's southern end, developed despite a drop in revenue due to Houthi attacks on vessels…
Panama Canal Slots Going Unfilled
The average number of vessels that passed through the Panama Canal in December increased to 34.2 per day, according to a notice from its authority seen on Monday, but the waterway did not fill all the slots on offer, a sign that some ships continue taking alternative routes.The canal, the world's second busiest and the only interoceanic way that operates with freshwater, between August and September lifted passage restrictions following a severe drought that forced a limit to…
New Line Handlers for SAAM Vancouver Fleet
The new line handlers joining SAAM Towage Canada's fleet were unloaded from the MV Jumbo at the Port of Vancouver on January 6th after completing their journey from Hong Kong.“These multipurpose vessels play a key role in berthing and unberthing vessels by transferring mooring lines from the ships being assisted to crews on the ground. They also assist with emergencies, rescuing people from the water and scanning for incipient changes in weather, tides and wind for pilots at the terminal where they provide services…
San Antonio Terminal Int'l concession extended until 2030
Empresa Portuaria San Antonio (EPSA) filed a Material Event with the Financial Market Commission (CMF), informing that San Antonio Terminal Internacional (STI) had met the investment conditions agreed in 2020 and, therefore, its concession will be extended until January 1, 2030 (the second extension since the concession originally ended in 2020).“In recent years we have implemented an intensive capex plan, investing US$66 million, of which US$47 million was to extend the concession.
