Shipping & Logistics News
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Egypt Suez Canal Revenue Rises 12.4% in October
Egypt's Suez Canal reported $551 million in revenue for the month of October, the canal authority's chairman, Osama Rabie, said on Tuesday.
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CMA CGM launches EMED 1 service connecting Turkey, Egypt and Lebanon
The service will be one vessel with a capacity of 1,100 teu and start from Antalya on July 10 before heading to Alexandria and Beirut.
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Red sea ports authority awards operating concession for three Egyptian cruise ports
The concession entails the provision of new services, improving access for cruise operators, and adding new itineraries.
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Egypt's Tahya Misr station receives 330 ships, 410K containers
The length of the station's quays is 2,300 meters, enabling it to handle 12-15 million tons of goods per annum and receive 6-7 ultra large ships.
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Finance Min.: Value of Goods Released from Egyptian Ports Amounted to $17 Billion
This came as the government aims to increase the volume of commodity supply in the markets, in a way that helps achieve balance in prices.
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Egypt's logistics sector in 2024: 10 essential facts
Egypt is rapidly emerging as a global logistics powerhouse, thanks to its strategic location, comprehensive infrastructure development, and reforms.
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Egypt seeks to replace Tuk-tuk with ‘Bajaj Qute’ taxi
The Helwan Machinery and Equipment Company signed with the ITAMCO Company to manufacture a light auto-taxi to replace the Tuk-tuk.
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Suez Canal revenues drop by 64.3 % in May 2024
In comparison, the previous year's May witnessed the passage of 142.9 million tons, representing a decline of 98 million tons.
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Egypt ranks 18th globally in road quality
Egypt advanced 100 ranks in the index of global ranking of road quality to come in the 18th rank globally within ten years.
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Egypt, Russia Discuss Establishing Logistics Center for Grains
More than 70% of Egyptian exports to Russia are agricultural products. Egypt is also one of the largest importers of Russian grains.
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Egis wins major contract for Metro Line Transformation in Egypt
The line, named Abou Qir Metro, will stretch approximately 22 kilometres from Abo Qir to Misr Station.
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Egypt's largest container terminal to operate by 2025
Egypt has announced a new large container terminal at Ain Sokhna port on the Red Sea led by China's Hutchison.
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Egypt Issues Circular Concerning Imports of Tuk-tuks, Motorcycles for Commercial Use
The Ministry of Commerce explained earlier that this decision aims to replace tuk-tuks with a safe means of transportation.
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NERIC, Eastern R&E enter new cooperation to boost railway
The main focus of this collaborative effort includes the provision of components for railway vehicles and the manufacturing of freight cars.
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Egyptian Logistics Startups OneOrder Raises USD 16 M Series A
OneOrder is a tech-enabled supplier and wholesale distributor that offers F&B industry a supply of quality goods.
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Egypt’s SCZONE secures $3.23 billion in new contracts over 10-month period
SCZONE chairman revealed that the contracts in the industrial zones and ports reached 144 projects, creating more than 25,000 direct and indirect jobs
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Sisi Directs To Upgrade Maritime Transport Sector :Min
The state also worked on developing quays, the minister said, noting that Egypt will have 100-kilometer quays by 2030.
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Egypt, Greece to launch sea freight between ports of Alexandria, Volos
Egyptian Ambassador to Athens Omar Amer met with Greek Minister of Maritime Affairs Christos Stylianides to discuss cooperation on shipping.
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Egypt's planning minister: Suez Canal revenues down 50%
Suez Canal revenues are down by 50% due to tensions in the Red Sea.
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Suez Canal Adjusts Licensing, Fines, and Service Fees for Boats
Licensing fees and fines for floating vessels were amended, as it was decided to amend the fees for felucca with oars at 80 EGP or $150 for foreigners