Latest in Tag: ports Highlight
Latest in Tag: ports
Government issues exceptional measures to release imports piled up in Egypt’s ports
Any shipment that fulfils customs clearance formalities to be released within few days
Egypt to link ports to customs one-stop-shop platform by June end
Customs brokers authorisations approved by banks are valid for 1 month, or until new customs bylaws issued, says Customs Authority representative
Sand storm hits Egypt, shuts down main sea ports
Stormy wind will be mostly active on northern areas of country, leading to low visibility on roads
4% growth in maritime traffic at Alexandria, Dekheila ports
The maritime traffic to/from the Alexandria Port Authority reached 341 ships in October 2017, compared to 327 ships in October 2016, an increase of 4%, according to a report issued by the authority. The authority manages the Alexandria and El-Dekheila ports. The total volume of traded goods in both ports increased to 4.8m tonnes in …
Parliament’s transportation committee asks to review expenses, revenues of ports in last FY
The ports’ returns should not be less than EGP 30bn per year, Korkor says
Suez Canal Authority discounts target ships passing through US east coast, east Asia ports
The discounts currently being studied by the authority target shipping lines that include 20-30 long-haul ships, say sources
5.3% decrease in usage of jetties in Alexandria, Daqahleya ports in July
A report issued by the Alexandria Port Authority about the traffic to jetties in Alexandria and Daqahleya ports showed a 5.3% decrease in usage in July, as compared to June. In July, these two ports received 342 ships, compared to 361 ships in June. The report showed the total general goods handled through the port …
Egyptian ports must be transit point not storage yards: EIFFA vice president
Concerns surround logistic zones projects, government has not developed clear vision
5 Red Sea ports closed due to dust storm
Ports and Meteorological authorities monitor the situation, says spokesman
Natural resources to be used in Upper Egypt development project
Upper Egypt’s natural resources will be tapped into to develop the region through the Golden Triangle Project, the second largest developmental project run by the Egyptian government. The project seeks to establish a new industrial capital city through constructing a global, touristic, mining, economic, commercial, and industrial centre. It will also create a logistic and …
Railway sector needs EGP 60bn for development: Transportation minister
Egypt recently agreed with several European countries to import 25 new trains
Hurghada and first phase of Safaga ports to open in June: Ministry of Transportation
95% of ongoing developmental projects in Hurghada port have been completed, RSPA head says
Wheat bought by Egypt’s GASC stuck in Russian port: Traders
Reuters – Two wheat cargoes purchased by top global wheat buyer Egypt are stuck at Russia’s Novorossiisk port, after the trade house selling the grain had problems opening the importer’s letters of credit, traders said. Egypt’s state wheat buyer the General Authority for Supply Commodities (GASC) bought the two 60,000-tonne shipments from global commodities trader …
Red Sea Ports Authority announces new development plans
Projects aim to increase investments at the Egyptian ports
Red Sea Port Authority lays out expansion plans
Port Tawfik to see Northern Wharf construction at cost of EGP550m
Red Sea Ports in Suez: Funeral held for murdered employee
Army forces quickly arrived to secure the area and review the course of events which took place.
Maritime sector unaffected by unrest: port officials
Port Said, Alexandria and Damietta ports are “working normally”
Sokhna crisis closes port for thirteenth day
Egypt’s transport minister had announced the crisis on 11 February, which resumed yet again as workers insisted on working for DP World
DP World to repay $3 bln October loan early with cash
By Praveen Menon / Reuters DUBAI: DP World, the world’s third-largest port operator, will repay a $3 billion loan six months ahead of schedule, it said on Monday, the latest Dubai entity to pay off debt early this year. The firm, one of the more profitable assets of debt-laden Dubai World, said the repayments will take …
DP World $1 bln loan attracts big demand, March deal seen
By David French and Michelle Meineke / Reuters DUBAI: DP World, the world’s third-largest port operator, has attracted strong demand from both local and foreign banks for a $1 billion loan it wants to raise to help refinance a $3 billion facility maturing in October, bankers told Reuters. While the bank group is not expected to …