Shipping & Logistics News
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Egypt's logistics sector in 2024: 10 essential facts
Egypt is rapidly emerging as a global logistics powerhouse, thanks to its strategic location, comprehensive infrastructure development, and reforms.
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Egypt seeks to replace Tuk-tuk with ‘Bajaj Qute’ taxi
The Helwan Machinery and Equipment Company signed with the ITAMCO Company to manufacture a light auto-taxi to replace the Tuk-tuk.
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Suez Canal revenues drop by 64.3 % in May 2024
In comparison, the previous year's May witnessed the passage of 142.9 million tons, representing a decline of 98 million tons.
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Egypt ranks 18th globally in road quality
Egypt advanced 100 ranks in the index of global ranking of road quality to come in the 18th rank globally within ten years.
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Egypt, Russia Discuss Establishing Logistics Center for Grains
More than 70% of Egyptian exports to Russia are agricultural products. Egypt is also one of the largest importers of Russian grains.
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Egis wins major contract for Metro Line Transformation in Egypt
The line, named Abou Qir Metro, will stretch approximately 22 kilometres from Abo Qir to Misr Station.
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Egypt's largest container terminal to operate by 2025
Egypt has announced a new large container terminal at Ain Sokhna port on the Red Sea led by China's Hutchison.
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Egypt Issues Circular Concerning Imports of Tuk-tuks, Motorcycles for Commercial Use
The Ministry of Commerce explained earlier that this decision aims to replace tuk-tuks with a safe means of transportation.
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NERIC, Eastern R&E enter new cooperation to boost railway
The main focus of this collaborative effort includes the provision of components for railway vehicles and the manufacturing of freight cars.
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Egyptian Logistics Startups OneOrder Raises USD 16 M Series A
OneOrder is a tech-enabled supplier and wholesale distributor that offers F&B industry a supply of quality goods.
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Egypt’s SCZONE secures $3.23 billion in new contracts over 10-month period
SCZONE chairman revealed that the contracts in the industrial zones and ports reached 144 projects, creating more than 25,000 direct and indirect jobs
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Sisi Directs To Upgrade Maritime Transport Sector :Min
The state also worked on developing quays, the minister said, noting that Egypt will have 100-kilometer quays by 2030.
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Egypt, Greece to launch sea freight between ports of Alexandria, Volos
Egyptian Ambassador to Athens Omar Amer met with Greek Minister of Maritime Affairs Christos Stylianides to discuss cooperation on shipping.
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Egypt's planning minister: Suez Canal revenues down 50%
Suez Canal revenues are down by 50% due to tensions in the Red Sea.
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Suez Canal Adjusts Licensing, Fines, and Service Fees for Boats
Licensing fees and fines for floating vessels were amended, as it was decided to amend the fees for felucca with oars at 80 EGP or $150 for foreigners
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Tanker stranded in Gulf of Aqaba moved to Egyptian port, sources say
A gas tanker that was stranded in the Gulf of Aqaba has been successfully moved away to a port in Egypt's Sinai Peninsula.
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Seven integrated logistics corridors to be established across Egypt
The move comes as part of State's Sustainable Development Plan 2030 to turn Egypt into a regional hub for transport and logistics.
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Alexandria embraces green future with Phase 1 of Metro project
Spanning 21.7 kilometers from Abu Qir Railway Station to Misr Station, the project features 20 stations.
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New York City vs. Cairo—How the Big Apple Could Learn From Cairo's Metro System
New York City's subway system served 3.2 million passengers in 2022, less than Cairo's which served 3.5 million passengers.
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SCZone Records Impressive Growth with 57% Profit Increase
The Suez Canal Economic Zone (SCZone) continues to demonstrate positive growth, solidifying its position as a key competitive contributor to economy.