Shipping & Logistics News
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Russia, Egypt sign contract for maintenance of Russian trains in Abu Zaabal
This is the biggest agreement of its sort in Egyptian history will see Russia build a sizable factory in the Abu Zaabal workshop area of Egypt.
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EFG Hermes sets target price of Canal Shipping Agencies at EGP 25/share
In FY 2021/2022, the company recorded a net profit after tax of EGP 185.54 million, compared to EGP 200.192 million in FY 2020/2021.
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Fitch: Suez Canal cargo expected to hit 1.3 billion tons by 2026
The report indicated that the Suez Canal is expected to record steady growth, with cargo tonnage increasing at an average rate of 6.4% year on year.
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Egypt to receive bids for 10th of Ramadan’s port, logistic center construction in April
The port and the logistic center will be built on an area of 250,000 feddans.
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Egypt cabinet grants train catering management rights to private company
Abela Egypt already provides catering services on 13 sleeper cars and two club cars.
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Kontron transportation wins new GSM-R lines in Egypt
Kontron Transportation will deliver the Railway Radio Communication technology for the Egypt High-Speed Rail Project by Siemens Mobility.
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Hapag-Lloyd to build 3 million TEU terminal in Egypt
Hapag-Lloyd will build a new transshipment terminal with an annual handling capacity of 3.3 million TEU in Damietta, Egypt.
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Egypt Suez Canal chief says revenues for 2023 expected at $8.7 bln
Egypt's Suez Canal is expected to generate $8.7 billion in revenues during 2023.
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Traffic in Suez Canal normal after ship breakdown dealt with, SCA says
The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT).
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Suez Canal: Maximising resources
Ahmed Abdel-Hafez sounds out experts on plans to establish a fund to develop the Suez Canal.
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HCMLT to offer 25% of Egyptian General Warehouses on Nile Stock Exchange in Q1 2023
The Egyptian General Warehouses operates in the transportation and logistics sector in the areas of warehousing, customs clearance and goods transport
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President El-Sisi Follows-up on the Activities of the Suez Canal Authority
President El-Sisi gave directives to proceed with the implementation of the development strategy of the Suez Canal.
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Egypt studying new phases for Cairo Metro Line 4
Line 4’s Phase 1 extends approximately 19 kilometres from Hadayek El Ashgar Station to the centre of Cairo at El Fustat and includes 16 stations.
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Talgo inter-city trains enter service in Egypt
The new trains were manufactured at Talgo’s factory in Alava, Spain.
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Egypt to sell trains tickets to foreigners in Dollar, Euro
There are 1023 travelers, who paid the value of train tickets in foreign currency during the past days.
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All you need to know about Egypt’s first Talgo train ride between Cairo and Alexandria
The employees of the company said that their presence on the first ride comes to review the operation.
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Egypt's Suez Canal registers record revenue of $7.9 billion in 2022
Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said.
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Suez Canal Authority to acquire South Red Sea Shipyard
South Red Sea Shipyard is a private company operating in the Port of Safaga.
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Egypt denies intention to sell Suez Canal through newly established fund
The aim of establishing the fund is to increase the authority’s ability to contribute to the sustainable economic development.
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Egypt building 18 logistics, commercial zones with $1.61bln investments
These projects cover 14 governorates and provide about 250,000 direct and indirect job opportunities.