Shipping & Logistics News
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Egypt negotiates with Siemens early delivery of Desiro HC train to be exhibited at TransMEA 2023
The company will be supplying 175 trains, model is Desiro HC and produced by Siemens Mobility.
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SCZONE: We are keen on cooperation with Chinese firms
Abdel-Khalek welcomed the delegation and affirmed the SCZONE’s keenness to cooperate with the Chinese side.
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Egypt approves $308m Japanese loan for Cairo Metro’s 4th line
The agreement was signed on Dec. 26, 2022, and the parliament approved the loan agreement in April 2023.
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Top 20 shipping and logistics companies in Egypt
Strategically positioned between Africa, Asia, and Europe, Egypt is increasingly becoming a key logistics hub.
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Suez Canal achieves $50 bln in revenues in 10 years
The canal was able to overcome the fluctuations in the global economy after the Corona pandemic and the repercussions of the Russian-Ukrainian war.
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Egypt receives 15 new railway coaches from Hungary
The total is now 785 vehicles (499 dynamic ventilation coaches – 286 third-class air-conditioned coaches).
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Fakhr Al-Kanah floating dock arrives with payload of 35,000 tons
“Fakhr Al-Kanah” is considered a quantum leap that would add new capabilities in the maintenance works of ships and huge maritime units.
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Privatising Suez Canal could be key to solving Egypt’s economic crisis
Since its nationalisation in 1956 the Suez Canal has provided Egypt with a rich source of revenue as well as a sense of national pride.
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Suez Canal to apply additional transit dues on vessels carrying floating units
The Suez Canal Authority (SCA) will apply additional transit dues to vessels carrying floating units as of 1 July, according to a circular on Sunday.
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Egypt offers dedicated cluster to Indian firms at Suez Canal Economic Zone
The Suez Canal economic zone is a strategic location for India to reach markets in Europe, Africa, and the Middle East.
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Avanz Capital Egypt Invests $3.5 Million in Egyptian Logistics
Avanz Capital Egypt, a private equity fund subsidiary of Squared Capital International, has announced a $3.5 million investment in Trella.
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How did the Suez Canal break a record revenue?
In January 2023, the SCA had increased transit fees by 15 percent for all vessels and 10 percent for dry bulk and cruise ships.
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Egypt´s Suez Canal posts record-high annual revenue of $9.4bln
25,887 ships carrying 1.5 billion tons of cargo passed the navigation course in the FY 2022-2023, the highest record in the SCA's history.
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Suez Canal Authority to sell 20 pct of subsidiary to boost private sector
The speculation came as Egypt has struggled with sharp financial pressure and an acute shortage of foreign currency.
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Egypt sets up consulting firm for transport projects
The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company.
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GAFI signs tripartite MOU to establish Egypt’s 10th public free zone
The new freezone would be developed by an Italian alliance in Damietta Governorate.
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First batch of American locomotives arrives at Alexandria Port
This comes as part of the contract concluded with the American company Wabtec, which covers the warranty, maintenance and spare parts for 11 years.
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Supply Ministry Implements 21 Logistical, Commercial Projects in 17 Governorates to Create 250,000 Jobs
Ashmawy indicated that one of these projects is being implemented in Suez which is expected to represent a quantum leap in Egypt.
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Photos: Transport Ministry tests BRT shuttle bus on the Ring Road
A traffic lane has been allocated for it in each direction, and it will remain separate from the cars.
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SCZone head leaves for India
The move comes in accordance with presidential directives to lure more foreign investments, the Zone said in a statement.