Suez deepened to allow largest tankers
The Suez Canal has been deepened by two meters to allows larger oil tankers to use the key waterway connector between Asia and Europe, according to press reports Tuesday.
The head of the canal, which is owned by Egypt and is one of the country's largest sources of revenue, announced the deepening this week. The channel is now dredged to 66 feet, allowing oil tankers up to 240,000 tons to transit. The previous depth of the canal precluded the world's largest oil tankers from doing so.