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Iranian Guards seize 'Israeli' cargo ship off Fujairah coastIran's Revolutionary Guards seized an Israeli-linked cargo ship in the Strait of Hormuz, 92 km northeast of Fujairah, on Saturday, days after Tehran said it could close the crucial shipping route and warned it would retaliate for an I More… |
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Suez Canal logs record daily traffic rate on SaturdayA record of 89 ships carrying a total net tonnage of 5.2 million tonnes passed through Egypt's Suez Canal in both directions on Saturday (August 6), the highest daily traffic rate in the international waterway's history. A More… |
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Dubai Canal offers UAE yacht owners 'cruising sanctuary'The ambitious Dubai Canal project will change how boating is perceived in the UAE, inspiring more people to explore the possibilities of on-water living and entertainment, according to one of the world’s leading superyacht builders. More… |
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Sheikh Mohammed inaugurates Dubai Water CanalVice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has inaugurated the second phase of the Dubai Water Canal, a 12-km waterway that connects Dubai Creek with the Arabian Gulf. &nb More… |
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Sheikh Mohammed inaugurates Dubai Water CanalVice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has inaugurated the second phase of the Dubai Water Canal, a 12-km waterway that connects Dubai Creek with the Arabian Gulf. &nb More… |
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Suez Canal expansion opening to high hopesEgypt will open an expansion to the Suez Canal to great fanfare today (August 6). The project is the centrepiece of President Abdel Fattah Al Sisi's plans to revitalise the country's economy after years of damaging political turmoi More… |
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Egypt to speed up shipping with new Suez waterwayEgypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal, which will speed up shipping movements in the area. More… |
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Suez Canal sets discount for LNG carrier transit toll at 25pc, down from 35pcThe Suez Canal Authority said transit tolls would remain steady in 2015, except for a reduction in the discount for liquefied natural gas (LNG) carriers. Authority chairman Mohab Mahmish told a news More… |
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Suez Canal revenue rises 3.5pcMonthly revenue from Egypt's Suez Canal rose 3.5 percent in the year to March to $428 million, the Egypt Information Portal website showed on Monday. The canal's revenue in March 2011 was $413.5 million. Revenue rose 12.2 percent mo More… |
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Suez Canal Dec revenues total $443.7mRevenue from Egypt's Suez Canal rose 4.8 percent on a year earlier to $443.7 million in December, but up 1.9 percent from a month earlier, the Egypt Information Portal website showed. The canal's revenues in December 2010 were $423. More… |
