Tuesday 30 June 2015
 
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Suez Canal

Egypt to open new Suez Canal on Aug 6

Egypt's New Suez Canal will open on August 6, the canal authority chairman said on Saturday, a project that President Abdel Fattah Al Sisi hopes will stimulate an economy suffering double-digit unemployment. The army began wor

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Egypt to open new Suez Canal on Aug 6

Egypt's New Suez Canal will open on August 6, the canal authority chairman said on Saturday, a project that President Abdel Fattah Al Sisi hopes will stimulate an economy suffering double-digit unemployment. The army began wor

More…

Egypt to open new Suez Canal on Aug 6

Egypt's New Suez Canal will open on August 6, the canal authority chairman said on Saturday, a project that President Abdel Fattah Al Sisi hopes will stimulate an economy suffering double-digit unemployment. The army began wor

More…

Suez Canal revenues top $422m in April

Egypt's revenue from the Suez Canal was $422.1 million in April, a government website said on Wednesday, up from $420.1 million in March. The fastest shipping route between Europe and Asia is one of Egypt's main sources of

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DHL plans Egypt expansion, Suez Canal centre

DHL, a leader in global express shipping, plans to add new shipping lanes in Egypt and offer logistics support from Cairo International Airport as well as participate in the new Suez Canal project, a report said. DHL is currently

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Suez Canal sets discount for LNG carrier transit toll at 25pc, down from 35pc

The 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

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Suez Canal cuts discount for LNG carriers

The Suez Canal Authority said on Wednesday 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 conference that th

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GAC provides support services for largest sailing yachts

GAC, a leading shipping, logistics and marine services provider, has smoothed the transit of the world’s largest sailing yacht through the Suez Canal and was at hand when it arrived at ports in Oman and Srilanka. The integra

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Egypt hires German firm to bore Suez Canal tunnels

Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves. Un

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Egypt signs deals with six firms to dredge new Suez Canal

Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's programme to revive an economy battered by years of political turmoil.

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