Shipping & Logistics News
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Egypt signs $575 million agreement with GE for 100 locomotives
The first shipment of 25 locomotives would arrive in 2018 as part of a plan to have 25 million tonnes of goods transported via railway by 2022.
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Egypt imposes fees on Jordanian refrigerated trucks
Truck owners currently have to pay $100 per truck for each trip from May 1 to June 30. After May 30, truck owners will either have to pay $300.
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Egypt finance ministry raises interest rates of Suez Canal certificates to 15.5 pct
The increase will be for the remaining 3 years of the 5-year certificates, which were sold in September 2014 in EGP only.
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Egypt's Suez Canal sees revenue up 4pct in August
The canal authority is considering an initiative that would have container shippers pay tolls in advance.
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10 facts about the Russian industrial zone in Suez
The project is due to launch in 2018 and be fully functional by 2035 with investments worth $4.6 billion.