The 145.75 metre superyacht El Mahrousa, the oldest serving superyacht in the world, and 7th largest, officially opened the New Suez Canal today. Connecting the Mediterranean with the Red Sea, the Suez Canal has been extended by a new 35km section that runs parallel to the existing 164km long canal.
The 150-year old El Mahrousa has strong ties to the Suez Canal region, as it was the first ship to pass through the canal when its waterways were officially opened in November 1869. According to a local Egyptian news source, El Mahrousa carried the Egyptian president Abdel-Fattah El-Sisi and his guests, as she became the first ship to sail the newly constructed canal.
The New Suez Canal is predicted to increase the rate of ships traveling through area, with vessels now able to sail in both directions simultaneously over most of the canal’s distance; decreasing waiting times from 11 hours to 3 hours for most ships. The new development also means a total of 97 ships will now pass through the canal per day, as to the 49 vessels before.
The SuperYacht Times iQ 2018 Report
Did you know that in 2017....
- 180 new yachts over 30 metres were sold
- 149 new yachts over 30 metres were completed
- 443 yachts over 30 metres were under construction
- 30% of the yachts under construction were available for sale
- 20% of the yachts were owned by clients from the USA