Shipping & Logistics News
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Egypt Suez Canal revenues shrink by 57.2% in 1Q of 2024
Revenues from Egypt’s Suez Canal shrank by 57.2 percent in the third quarter (January-March) of the FY2023/2024, which ended on 30 June.
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Egypt’s shipping, logistics market size reaches $14.6bn in 2024
Egypt’s shipping and logistics market is estimated to be $14.56bn in 2024, with an expected growth to $18bn by 2029.
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Egypt Suez Canal Revenue Rises 12.4% in October
Egypt's Suez Canal reported $551 million in revenue for the month of October, the canal authority's chairman, Osama Rabie, said on Tuesday.
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CMA CGM launches EMED 1 service connecting Turkey, Egypt and Lebanon
The service will be one vessel with a capacity of 1,100 teu and start from Antalya on July 10 before heading to Alexandria and Beirut.
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Red sea ports authority awards operating concession for three Egyptian cruise ports
The concession entails the provision of new services, improving access for cruise operators, and adding new itineraries.
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Egypt's Tahya Misr station receives 330 ships, 410K containers
The length of the station's quays is 2,300 meters, enabling it to handle 12-15 million tons of goods per annum and receive 6-7 ultra large ships.
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Finance Min.: Value of Goods Released from Egyptian Ports Amounted to $17 Billion
This came as the government aims to increase the volume of commodity supply in the markets, in a way that helps achieve balance in prices.
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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.