Suez Canal Authority

The Suez Canal Authority is an Egyptian state-owned authority which owns, operates and maintains the Suez Canal. It was founded in 1956, following the nationalization of the canal and the Suez Canal Company by the Egyptian government, and it is responsible for managing, maintaining and improving the waterway. It is also exclusively responsible for issuing the regulations on navigation in the canal, and it levies fees for transit as well as for pilotage, towing and mooring. Its chairman and board members are appointed by decree of the President of Egypt. It is recorded here as the operator of the Suez Canal.