Latest in Tag: suez canal Highlight
Latest in Tag: suez canal

Al-Sisi reviews Suez Canal development strategyÂ
Al-Sisi follows up on fishing boat manufacture localization in Egypt

Al-Sisi addresses suggested Suez Canal fund during Abu Rawash factories inauguration
New plan to release stranded goods in Egyptian ports within four days

Egyptian parliament speaker, government deny any intention to âsellâ Suez Canal
The draft law, which received preliminary approval at a plenary session on Monday, sought to amend the law pertaining to the Suez Canal, allowing the establishment of a private fund.

Suez Canal Authority to acquire South Red Sea ShipyardÂ
Evaluation, due diligence procedures completed: Sources

Egypt taps Agility to modernize Suez Canal Economic Zone customs, operationsÂ
The agreement with Agility was signed during the Egyptian-Kuwaiti Economic Forum in the presence of Waleid Gamal Eldien, Chairperson of the SCZone, and Tarek Sultan, Vice Chairperson of Agility.

Al-Sisi follows up on projects, activities of Suez Canal Authority
Suez Canal Authority reviews its efforts to localize manufacture of fishing vessels

Suez Canal achieves highest annual financial revenue in history, reaching $7bn in FY2021/22
The head of the authority said in a statement today that the navigation statistics of the canal during FY2021/22 recorded new and unprecedented records throughout its history, achieving the highest annual net tonnage and the highest annual financial revenue, exceeding all previously recorded numbers.

Military thwarts terrorist attack on water-pumping station east of Suez Canal
11 military personnel killed in attackÂ

Serious discussions with Cairo to implement sea water desalination projects, operate Suez Canal locomotives with natural gas: South Korean Ambassador
Hyundai Rotem is discussing with an Egyptian company to establish a joint production plant in the Suez Canal Economic Zone

Suez Canal revenues reach $6.3bn, with 1.27 billion net tonnage in 2021: SCA
Suez Canal accounts for 15.7% of global seaborne grain trade

Suez Canal, Siemens sign cooperation protocol to promote digital transformation
The joint cooperation stipulates studying ways of cooperation in terms of providing training services by Siemens to develop and enhance the efficiency of the technical staff in the authority, including engineers and technicians, in addition to studying ways to develop the training centers of the authority, according to the statement.

Egypt’s Planning Ministry unveils Suez Canal development strategy for FY 2021/22
Plan aims to increase Suez Canal revenues by 5.6% to EGP 93.9bn, says Hala El-Said

Egypt agrees $540m compensation for Suez Canal obstruction incident
Egypt has signed a preliminary agreement with the owners of the Ever Given ship that blocked the Suez Canal in March, to pay $540m in compensation, Al Arabiya reported citing anonymous sources. According to the agreement, the Suez Canal Authority (SCA) will not file a complaint regarding the issue, and that the SCA will provide …

Egypt keen to maximise Suez Canal potential: SCA Head
Egypt hails long-standing historical relations with Pakistan

Egypt upholds detention of Ever Given in Suez Canal
Japanese owners of ship say SCA at fault for shipâs grounding, disputes detention

ALEXBANK hosts webinar on Suez Canalâs Pivotal Role in Mediterranean, Global Maritime Economy
Bank cooperated with Italian company SRM since 2015 to analyse actual performance of Suez Canal

Egypt develops Suez Canal in line with international trade movement: Al-Sisi
Suez Canal Authority has integrated programme to modernise Egyptâs maritime fleet, says Chairperson Osama Rabie

Opinion|The Nile is a red line
I mean here his statement about the Grand Ethiopian Renaissance Dam (GERD) negotiations, when he said, “We do not threaten anyone, but no one can take a drop of water from Egypt. Otherwise, the region will witness a state of instability that no one could imagine. And whoever wants to test us, let him please.”

All waiting ships cross Suez Canal on Saturday after Ever Given incident
About 12% of world trade volume passes through man-made canal

Egypt’s Suez Canal has been significant to world trade for 160 years: Al-Sisi
President thanks countries that offered assistance to Egypt for re-floating trapped ship

After 6-day blockage, traffic in Suez Canal resumes as trapped ship re-floated
âI thank every loyal Egyptian who contributed technically, practically to ending this crisis,” says Egyptian President Al-Sisi

Suez Canal: Egyptâs gift to world, lifeblood of international economy
On its opening, international waterway reduced journey from Arabian Sea to London by 8-10 days

Ever Given ship refloated after blocking Suez Canal for six days
Navigation in Suez Canal will be resumed once Ever Given is fully floated and anchored in the great bitter lakes, hopefully within hours

Egyptâs Al-Sisi orders unloading vessel blocking Suez Canal, if dislodging efforts fail
Daily losses at Suez Canal placed at between $13-14m, says SCA Chairperson Osama Rabie

Germany ready to help end Suez Canal crisis at Egypt request: Ambassador Nunn
About 20% of Germanyâs exports and imports transported through Suez Canal

International Maritime Organization praises Egyptâs efforts in dealing with Suez Canal blockage
IMO says itâs aware of implications of temporary closure of canal, asking for patience from stakeholders across supply chain

321 vessels stuck at Egyptâs Suez Canal, all needed logistics provided: SCA Chairperson
Any premeditation in shipâs stranding ruled out, investigations to take place to clarify truth, says Osama Rabie

Navigation on Egyptâs Suez Canal temporarily suspended: Official
Egyptâs Suez Canal Authority continues efforts to free huge container ship blocking worldâs busiest waterway

Crude oil price rises after Suez Canal blockage
Approximate rate of backlog is 50 vessels/day, any delays leading to re-routings will add 15 days to Middle East to Europe voyage

Egypt-Asia diplomatic meeting discusses strengthening economic relations
The meeting took place in the presence of: Walid Gamal El-Din, Executive Director of the Suez Canal Economic Zone (SCZone)