Shipping & Logistics News
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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.
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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.
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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.
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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.
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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.
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Hamburg Süd expands business in Italy, Spain, and Egypt
In Egypt the company has taken full management of Hamburg Süd Egypt recently.
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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
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Egypt sets new record for world's widest cable-stayed bridge
The Tahya Misr Bridge is now the world’s widest cable-stayed bridge. It was built as part of the Rod El-Farag Axis project, to ease traffic congestion
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Egypt closes seven ports temporarily due to bad weather
The ports of Suez and Zeitiyat were shut in Suez governorate as well as Adabiya and Ain Sokhna ports, the Red Sea Ports Authority said.
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Global Oversized Cargo Transportation Market, Incredible Possibilities and Industry Growth 2018-2025
Qyresearchreports include new market research report "Global Oversized Cargo Transportation Market Size, Status and Forecast 2022".
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Egypt’s Suez Canal revenues rise to $493.3mn in July
Revenues in the first six months of 2018 increased by $400 million compared with the same period a year before, Mamish said.
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Egypt's Suez canal reports record high $5.585 billion annual revenue
Egypt's revenue from the Suez Canal for the 2017-2018 financial year rose 11.5 percent to a record high $5.585 billion.
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Egypt's Suez Canal revenues up to $477.1 million in July
In July, 1,453 ships passed through the Egyptian waterway compared to 1,384 the month before.
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Egypt's Suez Canal revenues fall to $427.2 mln in June
Egypt's Suez Canal revenues fell to $427.2 million in June from $439.8 million in May.
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Egypt signs $575 million agreement with GE for 100 locomotives
The first shipment of 25 locomotives would arrive in 2018 as part of a plan to have 25 million tonnes of goods transported via railway by 2022.
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Egypt imposes fees on Jordanian refrigerated trucks
Truck owners currently have to pay $100 per truck for each trip from May 1 to June 30. After May 30, truck owners will either have to pay $300.
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Egypt finance ministry raises interest rates of Suez Canal certificates to 15.5 pct
The increase will be for the remaining 3 years of the 5-year certificates, which were sold in September 2014 in EGP only.
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Egypt's Suez Canal sees revenue up 4pct in August
The canal authority is considering an initiative that would have container shippers pay tolls in advance.
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10 facts about the Russian industrial zone in Suez
The project is due to launch in 2018 and be fully functional by 2035 with investments worth $4.6 billion.