Shipping & Logistics News
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Egypt imposes total closure of Regional Ring Road for a week
Traffic density distribution on alternative roads will be reviewed at the beginning of the closure week.
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Egyptian logistics startup Octane raises $5.2m to transform fleet payments across MENA
Founded in 2022, Octane is a Cairo-based fintech offering a closed-loop digital wallet for fleets.
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Egypt signs contract with China’s Hantong Shipyard to build 2 KAMSARMAX vessels
Each of the two ships will have a total tonnage of 82,000 tons, with a length of 229 meters, width of 32.26 meters, and draft of 14.5 meters.
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Egypt invests EGP 2t to overhaul transport sector
The railway upgrade plan, worth around 225 billion pounds, includes the purchase of 110 new locomotives from General Electric and signalling system.
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Red Sea Bridge Between Egypt and Saudi Arabia Moves Ahead with $4 Billion Plan
If realized, the structure would establish the first direct land crossing between Saudi Arabia and Egypt, linking two major regions of the Arab world.
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Landmark arrivals cement Egypt Sokhna Port’s role in global trade: DP World
DP World Egypt has reinforced Ain Sokhna Port’s role as a linchpin in Egypt’s economic, industrial, and tourism ambitions.
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Egypt’s Octane raises $5.2 million to digitize fleet payments across MENA
The new funding will be used to expand Octane’s regional footprint, acceptance network, and AI capabilities, including fraud detection and route opt.
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Maritime traffic through Red Sea increases by 60%
This marks a notable improvement from the 20 to 23 ships seen each day during the low point in August of the previous year.
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Saudi Arabia Advances Red Sea High-Speed Rail with Egypt
The new line will link Sharm el-Sheikh in Egypt with Ras Alsheikh Hamid in Saudi Arabia, passing by Tiran Island via a bridge.
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Egypt targets 2 days maximum custom clearance time, but how?
It’s a strategic pivot that signals Egypt’s intent to compete more aggressively on the global trade stage.
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Saudi Arabia and Egypt Finalize High-Speed Rail Link Plan
The link will span the Strait of Tiran through either a bridge or tunnel. Officials confirmed that technical planning is complete.
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Suez Canal offers 50% on crew replacement fees
Requests to benefit from the service must be submitted through the digital platform on the Suez Canal Authority's website.
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Ticket prices for the Bus Rapid Transit system in Egypt, starting from LE5
The Egyptian Transport Ministry announced ticket prices of the Bus Rapid Transit (BRT) system along the Ring Road.
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5 things to know about the Suez Canal’s new 15% fee cut for mega ships
Here’s what you need to know about the decision, its context, and what it means for Egypt’s economy.
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Egypt’s Suez Canal offers 15% discount for big container ships to win back trade
The discounts will be applied for 90 days from Thursday on container ships that meet the standards, whether full or empty.
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Suez Canal mulls 15% discount on transit fees
Rabie anticipates the decision to be formally announced in the coming days following Egyptian President Abdel Fattah al-Sisi’s approval.
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PM affirms key role of NERIC factory in railway industry localization
The premier made the remarks during a tour of the East Port Said Industrial Zone and his accompanying delegation to inspect NERIC factory.
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KEZAD East Port Said unrelated to Suez Canal operations: SCZone
The zone lies within the larger East Port Said Industrial Zone, which spans 64 million square metres.
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Green Valley receives licence to launch smart electric passenger transport in Egypt
This is part of Egypt’s broader strategy to support the transition to green transportation and promote sustainable mobility solutions.
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SCZone, AD Ports Group partner to develop Egypt's KEZAD East Port Said Zone
The General Authority for Suez Canal Economic Zone (SCZone) and the Emirati AD Ports Group signed a 50-year renewable usufruct agreement.