Shipping & Logistics News
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Egytrans approves NOSCO acquisition deal
The acquisition will take place through a share swap exchanging one share of Egytrans’ capital for 0.0447 shares of NOSCO’s capital.
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Egypt, Chinese AVIC INTL complete consultations on Cairo Light Rail Transit’s 3rd phase
During a meeting in Beijing, Rong said that the LRT project is being developed at an estimated cost of $1.2bn.
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Historical relations tie Transmashholding and the Egyptian National Railways
Railway trips each day carry millions of people, who remain unaware of the tireless 24-hour work that goes into managing its advanced technology.
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Egyptian Cabinet issues report on progress rate of railways development
The start is with train engines as 130 out of 260 planned new units entered service, 61 out of 400 designated train engines have been rehabilitated.
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Suez Canal makes all-time high returns worth $9.4 billion in 2022/23
Head of the Suez Canal Authority Osama Rabie has said the canal made all-time high returns worth $9.4 billion in the fiscal year 2022/2023.
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Egypt's Suez Canal Economic Zone to establish own investment company
The Suez Canal Economic Zone (SCZone) will launch an investment company named SCZone Istithmar Company after receiving approval from the Cabinet.
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15 new air-conditioned 3rd class railcars arrive in Alexandria Port from Hungary
The deal comes as part of President Abdel Fatah al-Sisi’s instructions to provide low-income citizens with air-conditioned rail carriages.
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Abela Egypt starts operating & managing Cairo-Upper Egypt sleeper trains
Egyptian Catering & Services Co. (Abela Egypt) announced on Tuesday that it began operating and managing all aspects of sleeper trains.
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Israel revives plans for high-speed train to compete with Suez Canal
Israeli government is working to compete with the revenues of the Suez Canal with a fast railway linking the Red Sea to the Mediterranean.
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Int'l consortium starts development of new container terminal in Egypt
An international consortium has started the development of a new container terminal of Ain Sokhna Port on the Red Sea in northeastern Egypt.
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30 new locomotives added to Suez Canal fleet as part of development plan
The canal has 3 arsenals, 2 in Suez and one in Port Said, adding that dredging is being built from the canal's budget.
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Suez Canal pumps $143.8bln into Egypt’s public treasury since nationalization
The number of ships that crossed the canal since nationalization has reached roughly 1.71 million vessels.
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MPs, transport minister inspect Upper Egypt Railway Station
The building includes 28 ticket counters, toilets, and a 40 meter high glass pyramid in the main lobby of the station.
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Transport Min. Reveals Truth behind Selling Electric Train
The Ministry of Transport did not intend to sell any of the assets to pay off the loans for the implementation of its projects.
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Egypt, France's CMA CGM sign MoU on strategic cooperation in maritime transport
The MoU was signed by Transport Minister Kamel el Wazir and Chairman and Chief Executive Officer of the CMA CGM Group Rodolphe Saadé.
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New Agreement in Cairo to Implement Public Transport Pre-pay Tickets
This comes within the framework of the state’s plan towards digital transformation and the application of governance systems on all transactions.
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Transmar launches a New Reefer service: Connecting Egyptian Exporters to Yemen
Transmar, the region’s leading container shipping line, has announced the launch of a new service that connects Egyptian exporters out of Adabiya Port
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Tunisia, Egypt negotiate launch of direct marine line
Majidi explained that the two countries discussed establishing logistical areas in transporting and processing goods.
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Hutchison Ports Group expands footprint in Egypt
Hutchison Ports has announced its investment in Ain Sokhna Port, Egypt’s major port, and B100, a new container terminal in the Port of Alexandria.
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Egypt finalizes 1st ship supply service in Sokhna port
The move comes within the SCZone’s 2020-2025 strategy to localize maritime services in affiliated ports.