Egypt estimated the losses due to the blockade of the Suez Canal

News

Egypt estimated the losses due to the blockade of the Suez Canal

29.03.2021 News

Egypt is losing about $ 14 million a day due to the blockade of the Suez Canal by the giant container ship Ever Given. The head of the Suez Canal Osama Rabi in an interview with eXtra News stated this.

It is difficult to calculate the exact amount of losses, as the fees that Egypt charges for the passage of the canal vary depending on the size of the vessel and cargo, said Rabi.

He also said that because of the use of dredgers managed to extract 27 thousand cubic meters of sand at a depth of 18 meters. Dredging works are underway, said Rabi.

Also, the head of the department said that the day before 12 tugs tried to pull the container ship: some tugs were pulling the ship from the bow, some were pushing the stern. Two more tugs came to their aid.

At the same time, every day during which the most important transport artery remains blocked costs the world economy nine billion dollars, experts estimate. This is a significant loss, given its condition during a coronavirus pandemic.

Other articles

  • globallogic hexacta
    News

    GlobalLogic Acquires Hexacta, an Innovative Digital Engineering Firm in Latin America

    Company Continues Strategic Expansion Adding New Service Capabilities, Talent, and Broadening Nearshore Footprint SAN JOSE, Calif.—January 5, 2023— GlobalLogic Inc., a Hitachi Group Company and Digital Engineering Leader, today announced the acquisition of Hexacta, a Pan-Latin-America digital and data engineering company. The acquisition is part of GlobalLogic’s continued strategy to expand its offerings, and its […]

  • globallogic healthtech 1
    News

    GlobalLogic engineers help create nearly 10% of the global medical device market

    Last year, the global medical device market reached $532.62 billion, according to Mordor Intelligence. Ukrainian engineers are involved in the projects of key players, which occupy almost 10% of the market. This share can be estimated at 50 billion US dollars*. Domestic specialists create more than a hundred software solutions of various levels. These include […]

  • 2779913
    News

    Twitter працює над відновленням відеосервісу Vine

    Новий власник Twitter Ілон Маск доручив інженерам попрацювати над перезавантаженням Vine, яке може бути готове до кінця нинішнього року. Про це повідомляє Axios. Зазначається, що інженерам компанії необхідно вивчити стару кодову базу відеосервісу, яка не змінювалася та не оновлювалася з моменту закриття, а саме з 2016 року, коли з’ясувалося, що майданчик не витримує конкуренції. Втім, одне з […]

  • picturepicture 156446930057951110266878 96171
    News

    CREDIT AGRICOLE TOPS THE SOCIAL RESPONSIBILITY RATING AMONG BANKS ACCORDING TO STANDARD-RATING

    Credit Agricole has been ranked first in the social responsibility rating of the banking sector, created by Standard-Rating based on the 2022 half-year results. The rating agency commended the bank’s contribution to the economy of Ukraine. The bank has paid UAH 100 million in taxes in advance, while issuing UAH 1.2 billion in loans under […]

  • impact automotive
    News

    How Ukrainian developers make impact on road safety

    From October 1, drivers must turn on the dipped headlights of the car outside the city. This helps to additionally mark the vehicle in conditions of low visibility within the autumn-winter period. GlobalLogic reminds about the importance of compliance with traffic rules and tells about the developments of Ukrainian engineers that affect road safety. In […]

  • 750x450 press release image ua
    News

    Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

    Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

  • shutterstock 1920327596
    News

    3×4, a recently-founded Ukrainian Web3 fundraising platform, launches its first campaign

    3×4, a Web3 fundraising platform for non-profits, has been launched in Ukraine to bring innovative crypto & NFT fundraising to the rising number of social impact causes. 3×4 helps non-profit organizations to fundraise utilizing NFTs in collaborations with artists and brands while providing donors utility, revenue and transparency. The idea of 3×4 was born in […]

  • 632595f853279441907151 730x410
    News

    The September, 29 will take place the international investment forum REBUILDING UKRAINE WITH THE PRIVATE SECTOR: International Investment Fair

    In order to present existing opportunities and draw attention of the international business community, UkraineInvest organizes an international forum with the participation of leading business representatives and expert environment of Ukraine and the world. The need to rebuild Ukraine creates a variety of attractive investment projects aimed at contributing to shaping a new economy of […]

Read also

Egypt estimated the losses due to the blockade of the Suez Canal
News

S&P forecasts 6% of the decline in Ukraine’s economy in 2020

The fall in gross of the domestic product of Ukraine in 2020 will amount to 6%, however, from the next year the economy will growth again: in 2021 – by 4%, in 2022-2023 – by 3% annually, such a forecast is contained in the report of the International Rating Agency Standard & Poor’s (S&P) on […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Economical annual preview Ukraine 2017: Tomas Fiala

Inflation in Ukraine in 2017 has an upward trend. Experts predict the order of 8%. With regard to the dollar – the assumption is not very comforting. All these things and more were discussed at the general meeting of the EBA Ukraine’s Business Climate-Global Outlook, which took place on January 26, 2017. In 2017 on […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Microsoft will build two large data centers in New Zealand

The American corporation Microsoft has received permission from the New Zealand Department of Foreign Investment to build data centers in Auckland. This is stated in a statement issued by the agency on Wednesday. “New Zealand subsidiaries of Microsoft Corporation received management’s approval of foreign investments to purchase business assets, including various land, to further creation […]

Next
750x450 press release image ua
News

Intellias completes acquisition of Digitally Inspired, strengthening expertise in the Retail and eСommerce industry

Intellias, a global software engineering and digital consulting company, has announced the completion of its acquisition of Digitally Inspired, a fast growing, UK based peer, focusing on the Retail and eCommerce industry. “I am delighted to welcome the Digitally Inspired team to Intellias. It is symbolic that Intellias’ twentieth anniversary coincided with signing an agreement […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Khlibprom Concern invests 560 thousand UAH in energy-saving equipment

Concern Khlibprom  invests 560 thousand UAH in an energy saving project. This information is stated in a message on the website of the company. In 2016 Khlibprom plans to upgrade the  gas boiler on Lviv bakery № 1. The plant plans to  install energy-saving equipment, which will reduce the consumption of gas in the boiler […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Germany’s economy has fallen to what was 50 years ago

German economy in the second quarter of this year decreased by 9.7% compared with the previous three months. This is evidenced by the final data of the Federal Statistical Agency of Germany (Destatis), according to Interfax-Ukraine. It is noted that this is the most significant rate of decline since the beginning of accounting rate in […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Where does Ukraine export its diamonds, parachutes and IT services ?

Ukraine is known as an active exporter of grain, ferrous metals and other raw materials. However, a smaller proportion of people know that we are also engaged in the export of diamonds, sugar, such as washbasins. Delo.ua source has published a list of countries that bought Ukrainian products most actively in the past 2016 year […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Moderna has received an order from the US government in the amount of $ 1.53 billion for 100 million doses of vaccine COVID-19

Shares of Moderna that up to 252.6% since the beginning of the year, increased by 9% before the opening of trading on Wednesday against the backdrop of President Donald Trump signing a major government agreement with the company to supply 100 million doses of its mRNA-1273 vaccine against COVID-19. According to a Moderna press release […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Anti-Corruption Bureau was denied in verification of “Ukrnafta”

Solomenskiy district court of Kiev refused to Ukraine’s National Anti-Corruption Bureau (NAB) to verify the business activities of  the “Ukrnafta” Ukrainian gas company in a criminal case. This is stated in the court decision, that was posted in the Unified Register of judgments. As follows from the materials of the  case provided to the court, […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

The company-owner TikTok was estimated at $ 250 billion

ByteDance’s valuation exceeded $ 250 billion, based on the value of shares in the secondary market, according to Bloomberg. The Chinese company’s share price has risen sharply in recent weeks as investors show more interest in ByteDance’s business, and its founder Zhang Ying is considering an IPO, the agency said. According to the analytical company […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Robinhood will allow users of its platform to buy shares before the IPO

Robinhood, whose stock trading app has revolutionized Wall Street access to ordinary Americans on small budgets, on Thursday, launched a phased launch of a new product called IPO Access.   IPO Access gives users the opportunity to buy shares until their initial public offering (IPO) on the stock exchange at the IPO price (the price […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

China Companies decide to build a solar power in Chernobyl

According to an information of Reuters, Two large Chinese companies plan to construct a solar power station with a capacity of 1 gigawatt in the Chernobyl . For project implementation, the GCL System Integration Technology company intends to get a business  with the China National Complete Engineering Corporation (CNCEC). CNCEC was founded in 1985. in […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

The World Bank named the conditions for the tranche to Ukraine

The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv. “The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

In the Lviv region, another distillery was sold for almost 32 million

The property of the Rava-Rusky distillery, located in the Lviv region, was sold at a privatization auction. The State Property Fund reported this. It is noted that two participants competed in the open bidding, which increased the price from the starting 27.7 million hryvnias to 31.7 million hryvnias. “The asset is located in the city […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Ukrainian exchange temporarily simplified the access to the market

The Ukranian exchange simplified the access conditions on the market to the new consumers. Oleh Tkachenko, the Chief Executive Officer of Ukrainian exchange said: “NBU made a decision about the exchange derivatives banks deregulation. We provide them with the opportunity to trade the urgent contracts”. The exchange council of exchange platform decided not to levy […]

Next
Egypt estimated the losses due to the blockade of the Suez Canal
News

Facebook blocked the Ukrainian community retailer LeBoutique for the use of another’s trademark

A few days ago the official Facebook-community of one of the Ukraine’s largest shopping clubs LeBoutique was unavailable. The community is quite popular; about 35 000 users signed for the page. As reported in AIN.UA shopping club, the community was blocked by administration of the social network for the use of someone else’s trademark. The […]

Next