Shipping & Logistics News
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Egypt approves 250 million euro loan for Alexandria metro project
The first will be implemented in October, and includes relying on the current Abu Qir railway line from Abu Qir to the Misr station for 22Kms.
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Egyptian representative urges increased port cooperation with China
Egypt should increase cooperation with China in port development to improve bilateral trade links.
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Suez Canal revenues records LE 22.7 bln last February
Revenues of the Suez Canal have recorded successive increases since the beginning of last year 2022, despite the repercussions of the war in Ukraine.
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Egypt Advances 10 Spots in World Bank's Global Logistics Index
The index is issued by the World Bank and aims to monitor the efficiency of the performance of logistics services.
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Egypt's 2nd line of electric train to have high-speed, normal-speed, freight trains
The number of trains to be operated will be 20 on the high-speed line, 48 on the normal-speed line, and 20 on the freight line.
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Cairo Metro working hours during Eid Al-Fitr
Egypt’s Cairo Metro company announced the extension of operating hours during Eid Al-Fitr.
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Egytrans to acquire 99.9% of NOSCO through share swap
The deal will be executed through exchanging one share of Egytrans’ capital for 0.0447 shares of NOSCO capital.
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Agreement signed to establish 'Integrated Logistics Platform' in Egypt
The platform is targeted to attract investments worth $200 million in the sectors of logistics, shipping, and warehousing.
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Trella winds up Pakistan operations
Egyptian trucking startup Trella has decided to shut down operations in Pakistan, according to international media outlet, Bloomberg.
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Egypt inks multiple deals to boost green transformation in Suez Canal Economic Zone
The SCZone will coordinate between the ministry's Egyptian Environmental Affairs Agency (EEAA) and companies in the zone, explained the statement.
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Breakwater project in Damietta Port completed as it turns into int’l logistics site
The eastern breakwater project in Damietta Port has been completed as part of a plan to transform Egypt into a global center for trade and logistics.
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Suez Canal revenues surge by 35% in Q1 2023, reports Egyptian Presidency
President al-Sisi directed the continuation of the strategy to develop the Suez Canal and its navigational course.
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India's Flex invests $110M in polyethylene production in SCZone
The project will be implemented in two phases over the next two years, with the first phase starting in mid-2024.
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Suez Canal records highest-ever monthly revenues in March
In the first quarter (Q1) of 2023, the canal’s total revenues jumped by 40.6% to $2.382 billion.
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The Emirates supports Egypt's port development
The Egyptian government has signed an agreement with the Emirati country to improve logistics and port management.
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Suez Canal navigation unaffected by friction accident between two tankers
A friction accident between the LYRIC MAGNOLIA and the ALIGOTE tanker in the Great Lakes region, carrying 65,000 tons and 44,000 tons.
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SCZone Announces Completing 72% of Sokhna Port Development Work
The port will developing integrated solutions for transport and trading between container terminals.
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Egypt's transport minister, French ambassador discuss financing of 6th Metro Line
The meeting also tackled the progress rate of the monorail, which is being executed by a coalition composed of Alstom, Orascom, and Arab Contractors.
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Know more about Egypt's Tahya Misr multipurpose station in Alexandria port
The station includes the latest and largest cranes for unloading and loading giant ships, and these cranes operate automatically.
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SCZONE Chief signs a framework business agreement with Chairman and Managing Director of the Suez Canal Container Termin
The agreement aims at implementing a number of new incentives related to the activity of the SCCT inside East Port Said Harbor, Gamal Eldin said.