Shipping & Logistics News
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Egypt closes seven ports temporarily due to bad weather
The ports of Suez and Zeitiyat were shut in Suez governorate as well as Adabiya and Ain Sokhna ports, the Red Sea Ports Authority said.
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Egypt’s Suez Canal revenues rise to $493.3mn in July
Revenues in the first six months of 2018 increased by $400 million compared with the same period a year before, Mamish said.
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Egypt's Suez canal reports record high $5.585 billion annual revenue
Egypt's revenue from the Suez Canal for the 2017-2018 financial year rose 11.5 percent to a record high $5.585 billion.
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Egypt's Suez Canal revenues up to $477.1 million in July
In July, 1,453 ships passed through the Egyptian waterway compared to 1,384 the month before.
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Egypt's Suez Canal revenues fall to $427.2 mln in June
Egypt's Suez Canal revenues fell to $427.2 million in June from $439.8 million in May.
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Egypt signs $575 million agreement with GE for 100 locomotives
The first shipment of 25 locomotives would arrive in 2018 as part of a plan to have 25 million tonnes of goods transported via railway by 2022.
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Egypt imposes fees on Jordanian refrigerated trucks
Truck owners currently have to pay $100 per truck for each trip from May 1 to June 30. After May 30, truck owners will either have to pay $300.
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Egypt finance ministry raises interest rates of Suez Canal certificates to 15.5 pct
The increase will be for the remaining 3 years of the 5-year certificates, which were sold in September 2014 in EGP only.
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Egypt's Suez Canal sees revenue up 4pct in August
The canal authority is considering an initiative that would have container shippers pay tolls in advance.
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10 facts about the Russian industrial zone in Suez
The project is due to launch in 2018 and be fully functional by 2035 with investments worth $4.6 billion.