Shipping & Logistics News
-
National Navigation Company of Egypt signs up with Veson
NNC’s key objectives in pursuing this project were to ensure the effective management of resources and a continuous flow of data in the organization.
-
Egypt-based MCV aims at German market with electric bus model
Manufacturing Commercial Vehicles (MCV) from Egypt announces a BEV electric bus developed specifically for the German market.
-
Abu Qir Container Terminal among 10 most expensive marine projects globally
The project's estimated cost is at $730m (EGP22.1bn) and it involves the construction of a new container terminal shoreline.
-
Egypt's Suez Canal amends tolls for crude oil tankers
These additional fees are temporary and can be modified or canceled according to the changes in the maritime transport market, the circular said.
-
$1.25bn worth of fodder imports released from Egyptian ports
Elkosayar added that 199,000 tonnes of corn and soybeans, at a value of $96m, were released from 26 January to 9 February 2023.
-
House approves deal with AFD to finance Abu Qir metro project
The House of Representatives approved agreement with the French Development Agency (AFD) to finance the Alexandria-Abu Qir metro project.
-
Egypt enters world’s top ten emerging domestic logistics markets
“The biggest mover in the top ten was Egypt which climbed five places to number nine, displacing Turkey,” said the index’s authors.
-
Egypt’s land and dry ports authority, local consortium sign pact for logistics zone PPP
The consortium will also manage and operate existing 11 warehouses and 24 cold storage facilities inside the land port.
-
Sealand Europe becomes cold chain partner for Egypt’s Magrabi Agriculture
In the future, Sealand – A Maersk Company will take care of Magrabi’s whole fresh produce export to many destinations in- and outside Europe.
-
Egypt targeting 2m rail passengers per day
The Spanish Talgo trains constitute a huge quantum leap in the history of trains because they are similar to the trains operating in Europe.
-
SCZone chairman, Japanese Amb. discuss joint cooperation ahead of Tokyo Tour
It is scheduled that the head of the economic zone will visit Tokyo as part of his promotional tours to present investment opportunities to investors.
-
Suez Canal Authority denies granting 99-year concession contract to company
It stressed that the Suez Canal will remain fully owned by the Egyptian state, and subject to its absolute sovereignty.
-
Russia, Egypt sign contract for maintenance of Russian trains in Abu Zaabal
This is the biggest agreement of its sort in Egyptian history will see Russia build a sizable factory in the Abu Zaabal workshop area of Egypt.
-
EFG Hermes sets target price of Canal Shipping Agencies at EGP 25/share
In FY 2021/2022, the company recorded a net profit after tax of EGP 185.54 million, compared to EGP 200.192 million in FY 2020/2021.
-
Fitch: Suez Canal cargo expected to hit 1.3 billion tons by 2026
The report indicated that the Suez Canal is expected to record steady growth, with cargo tonnage increasing at an average rate of 6.4% year on year.
-
Egypt to receive bids for 10th of Ramadan’s port, logistic center construction in April
The port and the logistic center will be built on an area of 250,000 feddans.
-
Egypt cabinet grants train catering management rights to private company
Abela Egypt already provides catering services on 13 sleeper cars and two club cars.
-
Kontron transportation wins new GSM-R lines in Egypt
Kontron Transportation will deliver the Railway Radio Communication technology for the Egypt High-Speed Rail Project by Siemens Mobility.
-
Hapag-Lloyd to build 3 million TEU terminal in Egypt
Hapag-Lloyd will build a new transshipment terminal with an annual handling capacity of 3.3 million TEU in Damietta, Egypt.
-
Egypt Suez Canal chief says revenues for 2023 expected at $8.7 bln
Egypt's Suez Canal is expected to generate $8.7 billion in revenues during 2023.