Shipping & Logistics News
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Suez Canal revenue surges to $904.5 million at end of April 2023
In comparison to the same month in 2022 when it totaled $630.5 million, the Suez Canal's revenue increased by almost $274 million at the end of April.
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Suez Canal Exempts FSO Safer's Rescue Ship from Transit Fees
According to the UN, FSO Safer is a supertanker in advanced state of decay that will soon break apart or explode if the world does not act.
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Egypt’s Alkahera taps Dae Sun for MPP pair
An affiliate of the Egyptian Ministry of Transport, which currently operates two ferries Cairo and Riyadh.
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10 facts about Alexandria Metro project
Who is funding the project and who will run it? here are 10 facts about the new Alexandria- Abu Qir metro.
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Khazenly launches its cross-borders services to empower Egyptian merchants to operate abroad
The service offers a full-fledged logistics arm, from shipping overseas to local fulfillment handling.
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What a tunnel between Morocco and Spain means for Egypt
A planned tunnel links Africa to Europe. This will facilitate the export of Moroccan products and thus change Egypt's competitive situation in Europe
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Egypt receives 30 passenger coaches from Hungary’s Ganz Mavag
Wazir said that this batch consists of third-class air-conditioned coaches, with the rest of the coaches to arrive on schedule.
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Egypt receives 30 more railway coaches from Russian Transmashholding
Alexandria port has received 30 passenger railway coaches from the Russian Transmashholding company, bringing the total to 755 coaches.
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Egypt approves 250 million euro loan for Alexandria metro project
The first will be implemented in October, and includes relying on the current Abu Qir railway line from Abu Qir to the Misr station for 22Kms.
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Egyptian representative urges increased port cooperation with China
Egypt should increase cooperation with China in port development to improve bilateral trade links.
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Suez Canal revenues records LE 22.7 bln last February
Revenues of the Suez Canal have recorded successive increases since the beginning of last year 2022, despite the repercussions of the war in Ukraine.
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Egypt Advances 10 Spots in World Bank's Global Logistics Index
The index is issued by the World Bank and aims to monitor the efficiency of the performance of logistics services.
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Egypt's 2nd line of electric train to have high-speed, normal-speed, freight trains
The number of trains to be operated will be 20 on the high-speed line, 48 on the normal-speed line, and 20 on the freight line.
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Cairo Metro working hours during Eid Al-Fitr
Egypt’s Cairo Metro company announced the extension of operating hours during Eid Al-Fitr.
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Egytrans to acquire 99.9% of NOSCO through share swap
The deal will be executed through exchanging one share of Egytrans’ capital for 0.0447 shares of NOSCO capital.
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Agreement signed to establish 'Integrated Logistics Platform' in Egypt
The platform is targeted to attract investments worth $200 million in the sectors of logistics, shipping, and warehousing.
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Trella winds up Pakistan operations
Egyptian trucking startup Trella has decided to shut down operations in Pakistan, according to international media outlet, Bloomberg.
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Egypt inks multiple deals to boost green transformation in Suez Canal Economic Zone
The SCZone will coordinate between the ministry's Egyptian Environmental Affairs Agency (EEAA) and companies in the zone, explained the statement.
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Breakwater project in Damietta Port completed as it turns into int’l logistics site
The eastern breakwater project in Damietta Port has been completed as part of a plan to transform Egypt into a global center for trade and logistics.
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Suez Canal revenues surge by 35% in Q1 2023, reports Egyptian Presidency
President al-Sisi directed the continuation of the strategy to develop the Suez Canal and its navigational course.