Egypt Tests New Extension of Suez Canal
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Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimize the impact of currents on shipping and increase the key waterway's capacity.
Two ships used the new extension on 28 December, a statement from the Suez Canal Authority said.
Vessels navigating the waterway have at times run aground, mostly because of strong winds and sandstorms. In 2021, the giant container ship Ever Given became wedged diagonally in the canal, blocking trade for nearly a week and resulting in delays that cost billions of dollars.
The new extension is set to boost the canal's capacity by six to eight vessels a day. The Suez Canal has long been a vital source of foreign currency for Egypt that has been undergoing its worst ever economic crisis.
According to the International Monetary Fund, revenue from the canal has been slashed by up to 70% since 2023 because of attacks by Yemen's Iran-backed Huthi rebels on shipping in the Red Sea.
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