suez canal

Egypt to re-introduce railways in Sinai within Arish-Taba Logistic Corridor

Tue, 24 Oct 2023 - 01:12 GMT

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.

Egypt announces up to 15% increase in transit fees for select vessels

Tue, 17 Oct 2023 - 02:57 GMT

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.

Strategic fee changes announced by Suez Canal Authority to boost competitiveness

Tue, 17 Oct 2023 - 05:53 GMT

The newly approved rate hikes are targeted towards several vessel types.

Suez Canal's transit rate, revenues grow by 17.6%, 34.7% in FY2022/23

Mon, 16 Oct 2023 - 12:55 GMT

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 transforms FY2021/2022 deficit into surplus of $882M in FY2022/2023, CBE

Sun, 08 Oct 2023 - 04:39 GMT

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

Egypt's PM witnesses signing of agreement to establish green fuel production project

Wed, 04 Oct 2023 - 12:59 GMT

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.

July sees Suez Canal revenues surge, setting new records

Fri, 29 Sep 2023 - 11:29 GMT

The Suez Canal achieves record-breaking revenues of $9.4 billion for the fiscal year 2022-2023.

Suez Canal Economic Zone, Shell talk cooperation on green hydrogen projects

Wed, 20 Sep 2023 - 03:24 GMT

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.

Egypt introduces infrastructure in SCzone to localize 5 industries

Thu, 07 Sep 2023 - 03:07 GMT

President Abdel Fatah al-Sisi was briefed Thursday on the executive status of investments in the Suez Canal Investment Zone (SCzone).

SCA head witnesses signing of agreement with Danish Maersk Group

Thu, 31 Aug 2023 - 07:42 GMT

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.

Photos: Navigation through Suez Canal back to normal after broke-down tankers towed: SCA

Wed, 23 Aug 2023 - 06:14 GMT

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.

Navigation of Suez Canal's northbound convoy to resume in few hours

Wed, 23 Aug 2023 - 09:59 GMT

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 ready to re-export Russian wheat if Moscow establishes Suez Canal logistics hub

Mon, 21 Aug 2023 - 04:57 GMT

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.

Suez Canal plans to transfort ports to regional centers for fueling ships

Sat, 19 Aug 2023 - 08:36 GMT

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.

Trade Pulse: Suez Canal revenues surge to LE26.7 Billion in June

Tue, 08 Aug 2023 - 09:00 GMT

These figures underscore the dynamic transformation in Suez Canal revenues throughout this period.

Body of crew member of sunken tugboat after collision in Suez Canal recovered

Sun, 06 Aug 2023 - 10:56 GMT

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 to set up a company to manage its investments

Sun, 06 Aug 2023 - 01:41 GMT

SCZone Istithmar will formulate strategic plans to manage SCZone’s current and future investments and set up joint development enterprises with the private sector.

1 crew member dies, 6 rescued as Suez Canal tugboat sinks after collision with tanker

Sat, 05 Aug 2023 - 09:25 GMT

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 sinks in Suez Canal after colliding with CHINAGAS LEGEND tanker

Sat, 05 Aug 2023 - 06:54 GMT

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.

Egypt’s SCA: 83 ships crossed Suez Canal in both directions on Thursday

Thu, 03 Aug 2023 - 12:59 GMT

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.