Egypt’s Suez Canal Authority says shipping traffic jam over

A ship is seen after sailing through Suez Canal as traffic resumes after a container ship that blocked the waterway was refloated. (Reuters)
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Updated 03 April 2021
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Egypt’s Suez Canal Authority says shipping traffic jam over

  • Rabie indicated that two new dredgers are scheduled to arrive from the Netherlands
  • One will arrive this week; the other in August. They will be able to dredge to a depth of 35 meters

CAIRO: All ships stranded by the grounding of the giant container ship the Ever Given in the Suez Canal in March passed through the canal by Saturday, ending the backlog that built up during the blockage, the canal authority said.

The last 61 ships, out of 422 ships that were queuing when the vessel was dislodged on Monday, passed through the vital trade artery on Saturday, the Suez Canal Authority (SCA) said.

“All the ships waiting in the waterway since the grounding of the (MV) Ever Given have completed passage,” SCA Chairman Osama Rabie said in a statement by the authority.

Rabie said in televised statements that 42 and 41 vessels had crossed the canal over the past two days respectively.

Rabie indicated that two new dredgers are scheduled to arrive from the Netherlands, adding that they will be the biggest in the Middle East.

One will arrive this week; the other in August. They will be able to dredge to a depth of 35 meters.

Rabei referred to President Abdel-Fattah El-Sisi’s mandates to import locomotives with a tensile strength of 400 tons, compared to the current 160 tons.

He added that the SCA began unloading the black box of the Ever Given ship to find out the circumstances of the accident.

The ship was stuck in the canal for almost a week, causing a major navigation and trade disruption.

Rabie said that authorities are studying the expansion of the shipping channel to prevent the recurrence of a similar incident.

He explained that the depth of the canal is currently 24 meters, equivalent to 66 feet.

El-Sisi said that Egypt is working to connect with a network of ports and railways, adding that the Ever Given ship will be subject to intense investigations.

An SCA investigation which began on Wednesday is going well, Rabie added.


Closing Bell: Saudi main index closes in red at 10,414 

Updated 17 December 2025
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Closing Bell: Saudi main index closes in red at 10,414 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Wednesday, shedding 38.85 points, or 0.37 percent, to finish at 10,414.06. 

Total trading turnover on the benchmark index reached SR3.46 billion ($920 million), with 123 stocks advancing and 134 declining. 

The Kingdom’s parallel market Nomu also shed 41.61 points, or 0.18 percent, to close at 23,428.67. 

The MSCI Tadawul Index edged down 0.45 percent to 1,368.36. 

Arabian Drilling Co. was the best-performing stock on the main market, with its share price rising 6.8 percent to SR102.90. 

Naqi Water Co. gained 4.30 percent to SR58.25, while Saudi Ground Services Co. advanced 3.78 percent to SR38.42. 

Tihama Advertising, Public Relations and Marketing Co. saw its share price fall 4.95 percent to SR16.31. 

AlAhli REIT Fund 1 also declined 3.53 percent to SR6.29. 

On the announcements front, United Mining Industries Co., listed on the parallel market, said it has begun commercial production of gypsum board at its plant in Yanbu. 

In a Tadawul statement, the company said the financial impact of the project’s commercial production will be reflected in the first quarter of 2026. 

United Mining Industries Co.’s share price was unchanged, closing at SR42.54.  

Dkhoun National Trading Co. said its shareholders approved the board’s recommendation to distribute interim dividends on a semi-annual or quarterly basis for 2025. 

According to a Tadawul statement, shareholders also approved transferring the balance of the company’s statutory reserve, valued at SR2.43 million, to retained earnings. 

Dkhoun National Trading Co.’s shares saw no trades and closed at SR65.