Shipping & Logistics News
-
Egypt completes trial run of new Suez Canal extension
A statement said that during a trial run two ships passed through a new stretch of the canal’s two-way section without incident.
-
Suez Canal revenues plummet to $4 bln in 2024 amid Red Sea tensions
Egypt's Suez Canal revenues plummeted to $4 billion in 2024 from $10.2 billion in 2023 due to the ongoing tensions in the Red Sea.
-
Port Said harbor ranked 16 among top 20 performing container ports
Egypt’s performance on trade logistics put it at 57th position globally out of 139 countries included in the World Bank’s Logistics Performance Index.
-
Regional challenges cost Egypt around $7 bln of Suez Canal revenues
Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023, Sisi added in his statement, without going into details on the events.
-
Free Wi-Fi services launched on Cairo’s green line metro stations
The Green Line, managed by the French company RATP Dev Mobility Cairo in collaboration with Orange Egypt, now offers free Wi-Fi at key stations.
-
Hassan Allam appointed for major Red Sea terminal project
UAE’s AD Ports Group, a key player in global trade and logistics, announced Wednesday that it has appointed Egypt's Hassan Allam Construction.
-
Fitch Solutions revises down Egypt real GDP growth to 3.7% over Suez Canal disruption
Fitch Solutions has downgraded its forecasts for Egypt’s real GDP growth in the current FY2024/2025, which ends by June 2025, from 4.2 percent to 3.7.
-
President al-Sisi signs law obliging EDSCO to build logistics station at Alex. Port
EDSCO will be obliged to implement the project in 30 years, starting on the date of land acquisition.
-
Egyptian-Italian RORO shipping route to increase Egyptian exports to European markets
The move comes within the framework of directives of President Abdel Fattah El Sisi to transform Egypt into a regional hub for global transport.
-
Egypt talks with Iraq on $500 million railway renovation projects
The Iraqi government is expected to make a final decision about the final result of these negotiations by March 2025.
-
7 things you need to know about Egypt’s monorail project
It not only addresses Cairo’s current transit challenges but also sets a benchmark for large-scale urban mobility projects worldwide.
-
Egypt’s Nowlun closes $1.7 million Seed round
Egypt-based logistics startup Nowlun has raised $1.7 million in seed funding, led by Nama Ventures and A15.
-
Cairo’s New Monorails: Revolutionizing Urban Mobility
The metropolitan area of Cairo is adding a 97 km monorail system to the transit systems in the city, set to become the world’s longest monorail system
-
Freighter Runs Aground on Egypt's Red Sea Riviera, Spilling Fuel
On Friday, a coastal freighter ran aground on a reef off El Quseir on the Red Sea coast of Egypt, spilling an unknown quantity of fuel.
-
Egypt’s RoRo Line Launch: Major Step in Transforming Egypt into Regional Logistics Hub
As part of this transformation, the government is focusing on improving and expanding the country's port infrastructure.
-
Egypt’s Qara secures $2.6 million to propel KSA expansion plans
Qara empowers producers with a fully integrated digital platform to ensure product authentication and full traceability to the end consumer.
-
Iraq may build a railway from Basra to Egypt’s Sharm El-Sheikh
This initiative reflects ongoing efforts to improve regional transport links and could play a crucial role in fostering economic ties between them.
-
Swvl’s USD 4.2M Contracts boost Egypt’s Booming Mobility Market
Swvl secured USD 4.2 million in new contracts in Egypt, boosting its footprint across industries like FMCG and telecom.
-
New Egypt Metro Line to Use International Tender
Cairo Metro Line 6 is planned to span 34 kilometres, with 26 stations connecting northern Cairo to southern districts.
-
Egypt launches maritime shipping line to 2 Russian ports
The line is scheduled to witness two trips per week, ensuring the speedy arrival of products to Russian markets.