A tugboat that sank in the Suez Canal after a collision with a liquefied petroleum gas carrier on Saturday was pulled from beneath its waters on Tuesday night, the canal authority said.
The Suez Canal Authority managed to remove the boat using one its cranes without affecting traffic through the waterway, said Adm Osama Rabie, the authority's chairman.
Adm Rabie thanked officials for completing the salvage effort "in record time" and said that despite the operation, 146 vessels traversed the canal on Monday and Tuesday bearing a total of 8.4 million tonnes of cargo.
The tugboat's hull was damaged after it was struck by the Hong Kong-flagged tanker Chinagas Legend, which was heading to the US from Singapore on Saturday. The boat began taking on water and sank soon afterwards. It was located on Saturday night after a search.
Six of the seven crew members on board were rescued and taken to a nearby hospital for treatment. The remaining crew member, a mechanic from Port Said, was trapped in the boat's living quarters. His body was recovered on Sunday night and handed over to his family.
The canal provides the shortest shipping route between Europe and Asia. The authority has been working to expand southern sections of the waterway after a giant container ship, the Ever Given, ran aground there in 2021, blocking traffic for six days.
Tolls paid by ships using the canal are one of Egypt's main sources of foreign currency.
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Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
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South Africa's T20 squad
Duminy (c), Behardien, Dala, De Villiers, Hendricks, Jonker, Klaasen (wkt), Miller, Morris, Paterson, Phangiso, Phehlukwayo, Shamsi, Smuts.
ARSENAL IN 1977
Feb 05 Arsenal 0-0 Sunderland
Feb 12 Manchester City 1-0 Arsenal
Feb 15 Middlesbrough 3-0 Arsenal
Feb 19 Arsenal 2-3 West Ham
Feb 26 Middlesbrough 4-1 Arsenal (FA Cup)
Mar 01 Everton 2-1 Arsenal
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Mar 12 QPR 2-1 Arsenal
Mar 23 Stoke 1-1 Arsenal
Apr 02 Arsenal 3-0 Leicester
Six pitfalls to avoid when trading company stocks
Following fashion
Investing is cyclical, buying last year's winners often means holding this year's losers.
Losing your balance
You end up with too much exposure to an individual company or sector that has taken your fancy.
Being over active
If you chop and change your portfolio too often, dealing charges will eat up your gains.
Running your losers
Investors hate admitting mistakes and hold onto bad stocks hoping they will come good.
Selling in a panic
If you sell up when the market drops, you have locked yourself out of the recovery.
Timing the market
Even the best investor in the world cannot consistently call market movements.
