Shipping & Logistics News
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Egypt's PM Discusses with Maersk Officials Latest Developments in Red Sea
This came during a discussion between the prime minister Wednesday, via video conference, with officials of shipping Giant “Maersk" group.
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Egypt’s high-speed electric train connects airports, ports and urban areas: Al-Wazir
The high-speed electric train network, which will cover all parts of the country, will serve new and existing urban, touristic and industrial areas.
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Egytrans and Links Investment Agree to Establish a Joint Logistics and Transport Company in Lucrative Saudi Arabian Mark
The new company will be poised to enter the transport and logistics industry, offering comprehensive services.
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Swvl to “carefully expand” in Saudi Arabia in 2024
Swvl has reportedly cut nearly one-third of its workforce in 2022, to achieve profitability and lower operating costs.
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Infograph: Egypt’s Suez Canal revenues jump 19.4% in Q3 of 2023
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in 2022
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Abu Dhabi Ports initials $3 mln agreement to develop, operate three Egyptian cruise terminals
The Abu Dhabi Ports Group initialed on Thursday a 15-year concession agreement, worth $3 million, with the Egyptian Red Sea Ports Authority (RSPA).
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Egypt’s ports are not for sale or acquisition: Minister
Egyptian Transport Minister Kamel al-Wazir stressed on Friday that Egypt’s ports are not for sale or acquisition.
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Shipping giant Maersk to divert vessels away from the Red Sea ‘for the foreseeable future
The diversion means avoiding the quickest path between Europe and Asia through Egypt’s Suez Canal, and taking the longer Cape of Good Hope.
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Egypt agrees with AD Ports to develop Red Sea tourism terminals
The contract will also commit AD Ports Group to develop yacht and cruise ship tourism in Egypt, the ministry statement said.
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Inchcape makes major investment in Suez specialist Leth Leth
Inchcape Shipping Services announced a major investment in Leth Suez Transit, a global shipping agency headquartered in Egypt.
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AIIB joins financing for new container terminal in Egypt
Deal to strengthen position of Damietta Port as strategic hub in Eastern Mediterranean.
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Egypt raises price of Cairo metro tickets by up to 20%
Egypt's transport ministry raised the price of tickets on the Cairo metro by up to 20% on Monday, officials in metro stations said.
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DACT signs final financing contract for terminal in Damietta
The Damietta Alliance Container Terminal (DACT) has signed the final financing contract for its state-of-the-art container terminal in Damietta, Egypt
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Shipping companies are returning to the Suez Canal
Maersk cited the deployment of a military force led by the United States as a pivotal factor in their return.
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Number of ships crossing Suez Canal recorded 10% increase last Oct.
Data indicates that Suez Canal revenues last October increased over the same month of last year 2022, which was about 14.3 billion pounds.
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Swvl Records $2.1 Million Net Profit in 2023
Swvl’s operating cash flows during the first 6 months of this year amounted to about $2.2 million.
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Abu Dhabi Ports Group to operate Egypt's new Safaga terminal
The ministry has invested 3.6 billion Egyptian pounds ($116.7 million) to develop Safaga port, the minister added.
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Jordan, Egypt to activate alternative shipping route amid Red Sea navigation halt
Jordan and Egypt have agreed to operate the Arab Bridge Maritime and Land Transport Line between Aqaba and Egyptian ports.
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SCZone receives $1.85 bln investments in six months: Chairman
Egypt’s Suez Canal Economic Zone (SCZone) has received $1.85 billion worth of investments between 1 July and 25 December.
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Egypt, Iraq, Jordan working on final plan to start operations on 1st-ever Arab Trade Line
Work is underway to build the Taba–Arish trade/logistics railway corridor, one of seven international developmental logistics corridors in the project