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Suez Canal

DP World sees Egyptian logistics park project on track

DP World has announced that it has reached a major milestone in the development of the Sokhna Logistics Park in Egypt, with 65% of the first phase now already completed.    Spanning 300,000 sqm, the facility

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DP World sees Egyptian logistics park project on track

DP World has announced that it has reached a major milestone in the development of the Sokhna Logistics Park in Egypt, with 65% of the first phase now already completed.    Spanning 300,000 sqm, the facility

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Egypt rubbishes 'Suez Canal sold for $1 trillion' story

Egypt has strongly denied rumours on the sale of the Suez Canal for $1 trillion, asserting the falsehood of such claims after an audio clip on the 'canal sale' started doing the rounds.   Rubbishing these

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Suez Canal's revenues up 34.7% for FY2022-23

Suez Canal Authority has announced that its revenue for FY2022/2023 surged 34% to hit $9.4 billion from $7 billion.   The number of ships that crossed the Suez Canal rose by 17.6% recording 26,000, compared to th

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Tugboat sinks in Suez Canal after colliding with LPG tanker

Maritime rescue operations are underway in the Suez Canal after a tugboat sank due to a collision with the LPG tanker China Gas Legend, Chairman of the Suez Canal Authority Osama Rabie said on Saturday, according to Egypt's State Informati

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Suez Canal revenue surges 35% to $9.4 billion

Suez Canal revenue surged by 35 percent to $9.4 billion in FY 2022/23, up from $7 billion the previous year, Suez Canal Authority (SCA) Chairman Osama Rabie revealed.   During a press conference on Wednesday, Rab

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Top Saudi shipper Bahri mulls new JV with Suez Canal

  Saudi-based National Shipping Company (Bahri), a global leader in transportation and logistics, said it has signed a non-binding renewable six-month agreement with the Suez Canal Authority, an independent general Eg

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Egypt set to raise Suez Canal transit fees by 15%

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, reported Reuters citing the Canal Authority's Chairman Osama Rabie.   Transit fees for bulk and tourist ships will b

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Egypt set to raise Suez Canal transit fees by 15%

Egypt plans to raise fees for ships passing through the Suez Canal by 15% in 2023, reported Reuters citing the Canal Authority's Chairman Osama Rabie.   Transit fees for bulk and tourist ships will b

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Anchorage shortlists top global firms for $2bn Egypt industrial project

Anchorage Investments, a global player which develops, implements and operates industrial projects in the chemicals and blue hydrogen sectors, has shortlisted four international contractors in the second phase of the EPC (engineering, procurem

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