Suez Canal Authority

Suez Canal Authority (SCA) is a state owned authority which owns, operates and maintains the Suez Canal. It was set up by Egypt to replace the Suez Canal Company in the 1950s which resulted in the Suez Crisis. After the UN intervened, Egypt agreed to pay millions of dollars to shareholders of the nationalized Suez Canal Company.



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Aircraft carrier USS Nimitz (CVN 68) passes under the Friendship Bridge during a transit of the Suez Canal 

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Presidents of the Suez Canal Company

Before nationalisation, the owner was the Suez Canal Company (1858–1956):

• Ferdinand de Lesseps (15 December 1858 – 7 December 1894)
• Jules Guichard (17 December 1892 – 17 July 1896) (acting for de Lesseps to 7 December 1894)
• Auguste-Louis-Albéric, prince d'Arenberg (3 August 1896–1913)
• Charles Jonnart (19 May 1913–1927)
• Louis de Vogüé (4 April 1927 – 1 March 1948)
• François Charles-Roux (4 April 1948 – 26 July 1956)

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SCA issues the Rules of Navigation, fixes the tolls for the use of the canal and collects them. The tolls are expressed in XDR and collected inUSD, GBP, EUR and other currencies. In 2008, the total revenue in tolls was 5,381.9 million USD for the passage of a total of 21,415 vessels - resulting in an average toll of 251,314.5 USD per vessel.
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According to the nationalisation act, SCA is bound by the 1888 Convention of Constantinople, which grants the right of free access and use of the canal at equal conditions to all ships, commercial ships and ships of war, in times of peace or of war, even to ships of belligerent parties.

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