Shipping & Logistics News
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Pressure from loss of Suez Canal revenue pushes Egypt to consider IMF deal review
The International Monetary Fund this year approved a $5 billion top-up to an agreed $3 billion loan for the Arab world’s most populous nation.
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Egypt’s Suez Canal Authority unveils new yacht discounts
Egypt’s Suez Canal Authority (SCA) will introduce significant reductions in transit and mooring fees for yachts, with discounts ranging from 20 to 50%
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Over 6,600 ships opted for longer Cape of Good Hope transit amid Red Sea tensions
Osama Rabie stated Sunday that over 6,600 ships have opted for South Africa’s Cape of Good Hope – bypassing the Suez Canal route.
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Egypt revives 50-year-old railway in Sinai development push
Transport Minister Kamel El Wazir opens first passenger service for half a century on line linking Al Ismailia with Bir El Abd in the north-eastern.
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Egypt's container terminal expansion amidst Red Sea crisis
In 2023, the Egyptian container ports handled approximately 8.37 million TEUs, with the lion's share of 88% being processed through key ports.
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Suez Canal revenue down by $6 billion over regional tensions
The Suez Canal, a vital artery for global trade, is the shortest shipping route between Europe and Asia. It is one of Egypt's main sources of currency
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Four Alliances Compete for $285 Million Egyptian Railway Renovation Project
This project estimated at around $285 million, as confirmed by government officials to Asharq Bloomberg.
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The Velaro High-Speed Train for Egypt
In total, 41 Velaro high-speed trains will be produced for Egypt’s new railway system to travel at speeds of up to 250 km/h.
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Investments of SCEZ’s industrial zones hit $6 bln within 2 years
The SCZONE has succeeded in achieving remarkable trading rates, despite the various regional and global circumstances.
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Egypt test runs its new monorail
The new trains are part of a £2.3 billion contract for Alstom to construct and run a 61-mile-long monorail network in the Egyptian capital.
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Egypt’s Monorail Project Starts Trial Operations in October
El-Wazir emphasized Egypt’s commitment to expanding cooperation with the UK, highlighting the potential for joint ventures in industrial development.
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Egypt's Suez Canal Signs 9 Deals Worth Over $1.1B With Chinese Firms
The deals cover the first project of its kind in Egypt and the Middle East and Africa (MENA) region for the bromine industry and chlor-alkali project.
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Egypt, China ink contract to produce Bromine Ore at SCZone
Egyptian Prime Minister Moustafa Madbouly witnessed the signing of a $110 million investment contract on the sidelines of the Forum on China–Africa.
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Egypt to upgrade line 1 of Greater Cairo Metro
The project will increase the line’s efficiency and capacity, in addition to improving safety and performance levels.
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Egypt to establish 7 major corridors linking production areas to ports
According to the ministry, these logistics corridors come as part of Egypt’s 2030 Sustainable Development Plan.
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Alexandria Port Authority to handover management of 3 ports by end of year
In July, it was reported to be won by a consortium of three local firms, which plan to invest about $50 million in the project's first phase.
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China-led int'l consortium to operate new large terminal at Egypt's Dekheila Port
The backyard used at this terminal is 1 million square meters, with a container capacity of 1.5 million TEUs (twenty-foot equivalent unit).
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133-Acre Dry Port Project to be Developed in Alexandria
The selected company will be expected to finance, design, construct, manage, maintain, and transfer the dry port and logistics centre.
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SCZone slams reports claiming it has borrowed LE19 billion
It appealed to media professionals and journalists to communicate directly with the authority through official communication channels.
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AD Ports Group expands Egypt presence as Noatum buys majority stake in Safina
After deals for cruise, Ro-Ro terminals, this time its Noatum subsidiary in the spotlight.