Latest in Tag: suez canal Highlight
Latest in Tag: suez canal
Negligence of foreign currency resources aggravates ballooning dollar crisis
A decline in revenues from tourism, FDI, the Suez Canal and Egyptian exports continues to burden Egypt’s foreign reserves
271 ships transit Suez Canal with 14.8m tonnes in last 6 days
The average number of the ships that transited the canal daily recorded 45.2 ships, with an average load of 2.3m tonnes daily, while the average load of every ship was 54,600 tonnes
292 ships transit Suez Canal with 16.2m tonnes in 6 days
An average of 48.7 ships transited the canal per day during that period, with an average load of 2.3m tonnes per day
290 ships carrying 16.2m tonnes transit the Suez Canal last week
An average of 41.4 ships transited the canal per day during the past week, with an average load of 2.3m tonnes per day. The average load per ship was about 55,900 tonnes
304 ships transited Suez Canal last week with total load of 17.5m tonnes
About 153 ships transited the canal towards the south, with a daily average of 21.86 ships and a total load of 9.1m tonnes of cargo, a daily average of 2.2m tonnes
Ongoing inspection into cargo ship grounding in new Suez Canal extension
The cargo ship was floated and taken to harbour for inspection on Saturday
320 ships transited Suez Canal with total load of 16.4m tonnes last week
Prior to the inauguration of the New Suez Canal in July 2015, there was a daily average of 47 vessels transiting the canal, with an average load of 2.758m tonnes per day
Suez Canal records annual increase in revenues for first time in 13 months
The authority revealed that $401.4m were recorded revenues in February
320 ships transit Suez Canal with cargo load of 16.4m tonnes in week of 11 to 17 March
The average number of ships that transited the canal per day reached 45.71 ships, with an average cargo load of 2.34m tonnes
Global maritime market to grow significantly during Q1 of 2017: Lloyd’s Register Marine
Ships transiting Suez Canal to reach 65 ships by beginning of 2017, says Mohamed Farid Rehab
341 ships transited Suez Canal with total load of 18.88m tonnes last week
341 ships transited Suez Canal with total load of 18.88m tonnes last week
Plan for Suez Canal Area Development to be finalised before 1 July 2016
Legal power will be invested in the economic commission for the Suez Canal Area Development Project
Egypt to launch new city in eastern Suez Canal
Suez Canal area will be converted into an economic authority
298 ships traverse Suez Canal in 1 week
The ships had a cumulative cargo load of 18.4m tonnes
Group of Arab companies asks to establish industrial city in northwest Gulf of Suez with $3bn investments
Alliance formed of a group of Arab companies including Saudi, UAE, and Lebanese companies, which decided to submit a request to General Authority for the Suez Canal Economic Zone (SCZone) to develop an area of 5m sqm in the northwest Gulf of Suez and establish a large industrial city on it
Passing of 209 ships indicates importance of new canal axis: Mamish
Navigation in Suez Canal back to normal after incident with Panamanian ship
Egypt looks forward to boosting relations with Japan: Al-Sisi
Al-Sisi hopes to benefit from Japan’s experience in developing its education sector
314 ships transited Suez Canal last week, with loads of 19m tonnes
About 45 ships transited the canal per day on average during the past week with an average load of 2.7m tonnes per day
Banks claim sufficient liquidity, technical expertise to finance Suez Canal projects
SCA reveals need to establish 42 investment projects in region, with financing cost of up to $100bn until 2022
Suez Canal struggles to gain edge over Panama: IPM Chairman
Suez Canal acquires 7.5% of east-west trade movement, upon which it is dependent, says Kanaan
ICS, Egyptian government turn attention to increasing Suez Canal trade volume
Speaking at the Suez Canal Global Conference (SCGC) in Cairo, the chamber’s general-secretary, Peter Hinchliffe, noted the inauguration of the Suez Canal extension in 2015 had already contributed to an addition in the total volume of international trade
Former Ports Authority head sees social stability in Suez Canal
80% of Eastern Europe’s imports traverse Suez Canal: admiral
3 companies prepare studies to establish power plant, water desalination station: Head of SCZone
SCZone received thre offers from international companies to manage, operate East Port Said Port, negotiations continue with Singapore Ports Authority
Suez Canal Authority receives offers to build 4 new locomotives at €40m
The winning offer will be decided by the first half of this year, the sources said, to ensure fast implementation and delivery
Reducing taxes in SCZone essential for investment: Analysts
Despite converting the area into an economic zone with a special nature, the 22.5% income tax set by the Ministry of Finance remains a major concern for maritime transportation analysts
Suez Canal implements plan to increase revenues, face international trade growth slowdown
Chairman of Suez Canal Authority expects negative impacts of Chinese and Eurozone’s economic slowdown to ebb away before Q4 of 2016
Future of Suez Canal revenues hostage to international currencies struggle
Growth of cargo on container ships, despite drop in their numbers, signals trend of shipping companies to rely on larger vessels
Establishment of Suez Canal auto industrial zone contingent on new industry strategy
There is no point establishing the industrial zone without new strategy for automotive industry development, says chairman of engineering industries chamber
EGX not expected to play major role during initial phase of Suez Canal projects
The stock exchange is viewed as a secondary instrument rather than the main source for financing national projects, capital market experts say
Bulk liquids terminal in Sokhna Port still waits for $360m in funds
Project expected to be completed by mid-2017