Shipping firms redirect vessels from Red Sea as Houthi attacks increase

Tue, 19 Dec 2023 - 04:02 GMT

Shipping companies choosing to reroute will have to deal with additional costs and time to their journeys, causing oil prices and war risk insurance premiums to climb at a rapid rate.

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 plans to launch shipping lines with East, West African countries

Mon, 21 Aug 2023 - 09:13 GMT

The prime minister instructed holding a meeting comprising the different entities in order to agree on the sailing network, and the products to be exported.

Bunkering in Egyptian Ports: First Step on Road of Milestones

Sat, 12 Aug 2023 - 10:20 GMT

It is the beginning to turn Egypt into a hub of green marine fuels.

Video: Breakwater project in Damietta Port completed as it turns into int’l logistics site

Wed, 12 Apr 2023 - 11:03 GMT

The eastern breakwater project in Damietta Port has been completed as part of a plan to transform Egypt into a global center for trade and logistics.

Egypt makes steps to turn Damietta Port into Middle East's largest transit, logistics center

Wed, 11 May 2022 - 01:28 GMT

The prime minister told press that the alliance will invest almost half a billion dollars in the first phase alone in spite of the economic circumstances the world is undergoing.

Egypt aims for tripling cargo ships owned by shipping companies operating on its land

Wed, 11 May 2022 - 11:40 GMT

To achieve that goal, the ministry works on attracting more investors to Egypt's maritime transport market.

Egyptian, UAE coalition to build, operate Safaga Seaport's Multipurpose Terminal

Sun, 01 May 2022 - 11:00 GMT

The signing was attended by Minister of Transport Kamel al-Wazir, who also witnessed the signing of another memorandum between the same parties.

Arab countries are most influenced by Ukraine War: FAO regional representative

Tue, 22 Mar 2022 - 12:02 GMT

One of the reasons is that Russia and Ukraine combined fulfill 30 percent of the global market's needs of wheat, cooking oil, and grains.

Chairman reveals Ukraine War impact on Egypt's Suez Canal

Tue, 15 Mar 2022 - 12:32 GMT

Rabie also clarified the reasons behind the cancellation of the 15-percent discount offered to liquefied gas tankers.

WTO delves deep into suffering of landlocked developing countries

Wed, 29 Dec 2021 - 02:32 GMT

The world has 32 landlocked developing countries that represent 1.1 percent of global trade, with half of them being African.

For 1st time: giant container ship 'EVER AIM', Vista-class cruise ship 'COSTA FIRENZE' cross Suez Canal

Sun, 05 Dec 2021 - 02:45 GMT

EVER AIM used the new Canal dug parallel to the original one.

Suez Canal revenues estimated to rise by 10% in FY2021/22

Thu, 05 Aug 2021 - 12:33 GMT

The official pointed out that the Suez Canal accomplished revenues worth $530.7 million in FY2020/2021 with a hike of 20.7 percent.

Egyptian president, Spanish PM discuss economic, diplomatic cooperation

Tue, 08 Jun 2021 - 12:07 GMT

President Abdel Fatah al-Sisi received a phone call Tuesday from Spanish Prime Minister Pedro Sanchez discussing economic and diplomatic cooperation.

EVER GIVEN black box analysis is underway, Suez Canal losses estimated at $1B

Tue, 06 Apr 2021 - 11:59 GMT

That is the primary estimation.

Suez Canal Authority records revenues worth $5.61B in 2020

Sun, 03 Jan 2021 - 03:14 GMT

That is the third highest in the international waterway's history dating back to 1869.

Egypt to launch shipping lines in Africa: Mamish

Mon, 15 Jul 2019 - 04:29 GMT

Suez Canal Authority Chairman Mohab Mamish stated on Monday that Egypt is preparing to launch shipping lines connecting Egypt with fellow African states.

Suez Canal Route vs. Northern Sea Route: A cost-benefit analysis

Wed, 29 Aug 2018 - 04:14 GMT

Maersk to send the first shipping vessel through the Arctic route to collect data.

Walmart makes push to sell online goods at $10

Thu, 08 Feb 2018 - 07:05 GMT

Walmart Inc is asking vendors to supply it with more merchandise priced at $10 and up, as part of a major push to finally turn a profit at its online business.

Trade Ministry forms a council on transportation, logistics

Sat, 16 Dec 2017 - 03:10 GMT

Trade Minister Tarek Kabil issued a decree on Saturday to form a council for transportation, logistics and shipping.