Shipping & Logistics News
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Egypt´s Suez Canal posts record-high annual revenue of $9.4bln
25,887 ships carrying 1.5 billion tons of cargo passed the navigation course in the FY 2022-2023, the highest record in the SCA's history.
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Suez Canal Authority to sell 20 pct of subsidiary to boost private sector
The speculation came as Egypt has struggled with sharp financial pressure and an acute shortage of foreign currency.
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Egypt sets up consulting firm for transport projects
The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company.
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GAFI signs tripartite MOU to establish Egypt’s 10th public free zone
The new freezone would be developed by an Italian alliance in Damietta Governorate.
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First batch of American locomotives arrives at Alexandria Port
This comes as part of the contract concluded with the American company Wabtec, which covers the warranty, maintenance and spare parts for 11 years.
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Supply Ministry Implements 21 Logistical, Commercial Projects in 17 Governorates to Create 250,000 Jobs
Ashmawy indicated that one of these projects is being implemented in Suez which is expected to represent a quantum leap in Egypt.
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Photos: Transport Ministry tests BRT shuttle bus on the Ring Road
A traffic lane has been allocated for it in each direction, and it will remain separate from the cars.
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SCZone head leaves for India
The move comes in accordance with presidential directives to lure more foreign investments, the Zone said in a statement.
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Sisi and CEO of French shipping CMA CGM discuss expansion in Egypt
The Tahya Misr multipurpose maritime terminal is expected to function as the heart of the logistical station established behind the Alexandria port.
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Developing and renovating the Alexandria port cost LE 60B: Kamel El Wazir
The inauguration was attended by Defense Minister Mohamed Zaki, Transport Minister Kamel Wazir along other ministers.
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Egypt’s plans to up its logistical infrastructure and reel in more transit trade
Port Said Port secured the 10th spot out of 348 ports worldwide in the World Bank and S&P Global’s Container Port Performance Index.
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Parliament greenlights 2 grants from EBRD to renovate Cairo Metro
The first grant from EBRD amounts to €1.850 million and will be used to appoint consultants to support the rehabilitation plan of Metro line 2.
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Egyptian Logistics Startup Trella Raises USD 3.5 M Funding
Trella is a real-time B2B technology platform and trucking marketplace that connects shippers and carriers.
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Egypt, ROK sign 460-mln-USD deal on financing Cairo metro project
The deal is for manufacturing 40 trains that include 320 carriages for the second and third lines of the metro in Cairo.
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Environment Minister, SCZONE Chairperson discuss joint cooperation
Fouad said that there are three tracks of joint cooperation with the authority in the future stage.
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Suez Canal Revenues Hit 50.9 Billion in 10 Years
The Suez Canal recorded the highest revenue during 2021/2022, valued at $7 billion; a record high of 18.4%, compared to the previous fiscal year.
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Why did Egypt establish a Suez Canal Holding Company?
Egypt announced earlier this week the establishment of a holding company for the Suez Canal, and we look at why this happened.
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Egypt establishes a new Suez Canal holding company to boost national economy
The Suez Canal, which is run by the SCA, is one of the country's primary sources of foreign currency.
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DHL Express probes further investments in Egypt
It is worth mentioning that the company’s investments in Egypt have reached over EGP 1 billion so far.
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Egypt's SCZONE announces $30 mln new Indian investments
The 55,000-square-meter factory, with a total investment of 30 million dollars, will provide 350 job opportunities.