Shipping & Logistics News
-
Egypt to sign agreement for modernization of Cairo Metro trains
This came during the minister’s meeting with Ambassador Noki Masaki, the Ambassador of Japan in Cairo, on the occasion of the end of his tenure.
-
Suez Canal ranks 2nd among largest logistics companies in Middle East
Osama Rabie confirmed that the selection of the Suez Canal Authority is a culmination of the authority's efforts and success in overcoming challenges.
-
Egypt is developing its maritime ports
Egypt is boosting its blue economy through comprehensive plans to develop its maritime ports starting with Alexandria.
-
Egypt to increase Suez Canal's revenues
El-Said explained that the revenues of the Suez Canal will thus rise from LE 93.9 billion in 20-2021 to LE 99.3 billion in the year of the plan.
-
15K Egyptian companies join ACI system
2200 companies have registered 18,000 successful custom transactions on the system since its pilot launch in April, according to Maait.
-
Amazon.eg launches end of 2021
Amazon launched amazon.ae in the UAE in May 2019 and one year later it launched amazon.sa in Saudi Arabia. Now, it's Egypt's turn.
-
Egypt’s Suez Canal reports record revenue
Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June).
-
Egypt, AfDB ink €145 mln for railway
Under the agreement, Egypt’s Railway Authority's main lines will be extended with 953 km controlled by the European Train Control System (ETCS-L1).
-
Bosta raises $6.7M to expand e-commerce delivery
Egypt, one of the most active e-commerce countries in the region, is anticipated to grow 33% annually to reach $3 billion by 2022.
-
Egypt’s Al-Sisi, Hyundai Rotem CEO discuss localising train industry
Yong-Bae Lee expressed his company’s intention to benefit from promising investment opportunities in Egyptian economy.
-
iMile launches in Egypt
iMile, a technology-driven delivery service, has officially launched in Egypt with operations in Cairo and Suez.
-
Egypt’s Suez Canal Authority, Japan to strengthen bilateral cooperation
Suez Canal is very important international sea lane for maritime logistics, says Ambassador Noke Masaki.
-
Egypt to release Ever Given vessel after owners pay up
The vessel blocked the channel for six days, costing the Suez Canal Authority $15 million per day in lost revenue.
-
Suez Canal: Egypt’s gift to world, lifeblood of international economy
On its opening, international waterway reduced journey from Arabian Sea to London by 8-10 days.
-
Egypt's Sisi promises investment to avoid Suez closure repeat
Sisi claimed "success" in the operation after the stern was freed, several hours before the bow of the ship was finally dislodged.
-
Cargo ship blocking Suez Canal has been refloated
The ship completely blocked the canal that’s home to as much as 12% of the world’s seaborne trade.
-
Suez Canal blocked by traffic jam after massive container ship runs aground
The 224,000-ton vessel, sailing under a Panama flag, was en route to the port of Rotterdam in the Netherlands when it was knocked off course.
-
Egypt's Suez Canal revenues up 4.7% in last 5 years
In 2015-2020, 90,000 ships transited the Canal carrying 5.5 billion tonnes of cargo, up from 86,600 ships with 4.6 billion tonnes in previous 5 years.
-
Hamburg Süd expands business in Italy, Spain, and Egypt
In Egypt the company has taken full management of Hamburg Süd Egypt recently.
-
Egypt's SCZone achieves record revenues
In a statement by the SCZone on Saturday, Mamish pointed out that total revenues achieved by the zone in fiscal year 2018-2019 reached around EGP 3.69