The Egyptian Railway Authority (ERA) announced the completion of the rehabilitation of the Ferdan/Beir Al Abd line, lying on 100 kilometers between Ismailiyah and North Sinai.
Additionally, the Suez Canal Authority, in a navigational circular, approved a 5 percent increase in regular transit fees for dry bulk cargo ships, general cargo ships, and roll-on/roll-off ships, among others.
The newly approved rate hikes are targeted towards several vessel types.
Chairman of the Suez Canal Authority Osama Rabie briefed Monday President Abdel Fatah al-Sisi on the performance of the international waterway in FY2022/2023.
Egypt's tourism sector also reported strong growth, with revenues increasing by an impressive 26.8 percent on a yearly basis in FY2022/2023, soaring to $13.6 billion
Egyptian Prime Minister Mostafa Madbouly witnessed Wednesday the signing ceremony of the framework agreement to establish a project to produce green fuel with investments amounting to $3 billion for the first phase, for ship bunkering supplies and achieving zero carbon emissions.
The Suez Canal achieves record-breaking revenues of $9.4 billion for the fiscal year 2022-2023.
The two sides discussed the requirements of green hydrogen projects in the integrated Sokhna region, whether a water desalination plant, The service corridor, tank farm, as well as the liquid bulk station, serve the production, transportation and storage of green hydrogen.
President Abdel Fatah al-Sisi was briefed Thursday on the executive status of investments in the Suez Canal Investment Zone (SCzone).
The agreement was inked on the sidelines of Rabie's visit to Denmark, where he met with Egyptian Ambassador in Copenhagen Karim Sherif to discuss how to attract Danish investments, the statement added.
Navigation through the Suez Canal has been back to normal after tugboats managed to tow the two tankers that slightly collided and broke down in the global waterway, disrupting traffic.
Chairman of the Suez Canal Authority Admiral Osama Rabie stated Wednesday that the tugboats had successfully handled the technical issues experienced by two tankers during their navigation in the waterway.
Egypt might increase its purchases of Russian wheat and subsequently re-export wheat and other grains to neighboring countries if a logistics distribution center is established in the Suez Canal Economic Zone.
The General Authority for the Economic Zone of the Suez Canal announced the success of the first operation of supplying a container ship with green fuel "methanol" in the port of East Port Said, Friday evening.
These figures underscore the dynamic transformation in Suez Canal revenues throughout this period.
The dead body was found in the cabin of the sunken tugboat “Fahd” at a depth of 24 meters and was sent to the nearest hospital to hand it over to his relatives, Rabie added, offering his condolences to the worker’s relatives
SCZone Istithmar will formulate strategic plans to manage SCZone’s current and future investments and set up joint development enterprises with the private sector.
A crew member died and six others were rescued as a Suez Canal tugboat sank in the waterway on Saturday after colliding with a giant tanker, said Suez Canal Authority (SCA) Chairman Osama Rabie in TV remarks.
Tugboat “Fahd” sank after the Hong Kong-flagged CHINAGAS LEGEND tanker collided with it at the 51 km point of the Suez Canal during its transit as part of the South convoy [ from the southern entrance of the canal to the north] on its journey from Singapore to the United States of America.
The average of daily crossing ships reached 72 vessels over this year, he said, noting that the highest daily crossing rates was recorded last March, with 107 ships.