suez canal
“The Suez Canal is a vital maritime corridor between East and West and a key driver of efficient global supply chains. The route through the Suez and the Red Sea is the fastest, most sustainable and most efficient way to serve customers with transport between Asia and Europe,” they said.
The vessel belongs to the French shipping company CMA CGM. It measures 399.9 meters in length and 61.3 meters in width, with a draft of 16 meters and a total tonnage of 238,000 tons, and can carry up to 23,876 TEUs.
President Abdel Fattah al-Sisi met with CMA CGM Chairman Rodolphe Saadé on the sidelines of the Africa-France Summit in Nairobi to discuss expanding the French shipping giant's footprint in Egypt.
The carrier is heading to the Red Sea and the Gulf of Aden as part of a multinational initiative aimed at restoring navigation in the Strait of Hormuz, according to a statement by the French Ministry of the Armed Forces.
WTTC Chairman Manfredi Lefebvre said the Leadership event will bring together 270 senior executives and representatives of leading global travel and tourism companies
Deputy Prime Minister for Economic Affairs Hussein Issa met on Monday with representatives of several Chinese companies to discuss new investment projects in the maritime transport, logistics, and manufacturing sectors.
Rabie explained that the ship had been among the vessels delayed at the Strait of Hormuz for several weeks. After clearing the strait, it altered its route, opting to transit the Red Sea and the Suez Canal toward Europe instead of circumnavigating the Cape of Good Hope.
This day represents the final chapter in a long series of Egyptian-Israeli conflicts, culminating in the complete recovery of Egyptian territory following a resounding political and military victory on April 25, 1982.
The government authorized the authority to proceed with setting up a joint-stock company, “Suez Canal Dredging and Maritime Works Company,” in partnership with a private sector firm.
Gamal El-Din said the progress reflects years of reforms and development efforts launched since 2015, describing 2025 as a “harvest year” for those initiatives.
The SCZONE has announced a major new project by "Indorama Egypt for Fertilizers" in the Sokhna Industrial Zone.
Rostom highlighted the zone’s strategic advantage, noting that the Suez Canal facilitates around 12 percent of global trade and 20 percent of container traffic worldwide.
During a roundtable organized by the Ministry of Planning Tuesday, Minister Rostom highlighted the pivotal role of the Suez Canal in driving economic growth rates and achieving market integration.
The president underscored the need for continued safety monitoring procedures and all measures to raise preparedness at the SCA service facilities.
The move comes amid ongoing regional military escalation between Iran on one side and Israel and the United States on the other, particularly following Iran’s closure of the Strait of Hormuz.
Admiral Osama Rabie Confirms Regular Navigation Amid Regional Tensions
Admiral Osama Rabie, Chairman of the Suez Canal Authority, announced that the canal witnessed the transit of the diving vessel HUA RUI LONG, one of the world’s largest barges, through the New Suez Canal on Monday as part of the southbound convoy. The vessel had passed through Bab el-Mandeb on its voyage from Singapore to Denmark.
Suez Canal tax take hit EGP 55.6bn in Jul-Dec, as Egypt’s tax revenues jumped 32% to EGP 1.204tn.
The vessel belongs to the French shipping line CMA CGM and operates on the FAL3 service, which serves the trade route between Europe and the Far East. It is the newest addition to the company’s fleet, having been delivered in 2025. The ship is 399 meters long, 61.3 meters wide, and has a draft of 40 feet. It has a gross tonnage of 250,000 tons and a carrying capacity of up to 23,876 containers.
Egypt heads to Davos to pitch stability and investment, highlighting its role in regional diplomacy, trade routes and energy.
