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New extension to Suez Canal
Context
Egypt has tested a newly constructed 10-kilometre extension of the Suez Canal aimed at reducing the impact of water and air currents on shipping, as well as enhancing the overall capacity of the canal.
Background:
- This project follows a major $8 billion expansion of the canal in 2015 and aims to continue improving the canal's efficiency. The Suez Canal has been a critical source of foreign currency for Egypt, but its revenue has fallen by up to 70% in recent years due to disruptions caused by Houthi rebel attacks on shipping in the Red Sea.
- Functionality: The extension will improve navigational safety, and it will also reduce the effects of strong winds and sandstorms, which have previously caused incidents like vessels running aground. In 2021, the Ever Given, a large container ship, was lodged in the canal for nearly a week, causing significant trade delays.
What is the Suez Canal?
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