Shipping & Logistics News
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Suspending ship passage through Suez Canal an “act of blackmail against Egypt”
This action aims to push Egypt to join the coalition formed by the US to confront Yemeni naval strikes on ships heading to Israel.
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All East Nile Monorail Project trains now in Egypt
The ministry announced the arrival of 40 trains consisting of 160 coaches, with each train made up of four cars
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Damietta Port secures $455 mln finance for Tahya Masr 1 terminal
The Damietta Port Authority and Damietta Alliance Container Terminals signed agreements with an international consortium led by HSBC Egypt and IFC.
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10 facts you need to know about the situation in the Red Sea
Discover 10 crucial facts about the Red Sea situation affecting Egypt's economy and global trade, from ship diversions to the energy market impacts.
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International consortium backs Damietta port in Egypt
Since 2012, the EBRD has invested close to €11.2 billion in 170 projects in Egypt, with almost 80 per cent in the private sector.
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Shipping firms redirect vessels from Red Sea as Houthi attacks increase
The Houthis have been attacking ships in the Red Sea in response to Israel's war in Gaza, targeting a route that would take ships through the Canal.
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Suez Canal: 55 Ships Divert Route to Cape of Good Hope due to Red Sea Threats
The Suez Canal is closely following the ongoing tensions in the Red Sea and studying the extent of their impact on the navigation movement.
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Raya Holding signs agreement to acquire 27.69% stake in Ostool
Raya Holding had plans to sell their 62.3% stake in Ostool for Transportation to Paradigm Logistics for LE 266.6 million in 2021.
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SCZone Receives Ghana Ports to Discuss Cooperation Opportunities
The meeting came on Saturday as part of the delegation’s visit to the economic zone and its affiliated ports to discuss opportunities for cooperation.
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Egypt receives first train to operate on high-speed electric rail network
Egypt has received its first train of its kind to operate on the high-speed electricity network’s first line, stretching from Ain Sokhna to Matrouh.
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Egypt's Suez Canal Authority to co-establish boat manufacturing company
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats.
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Suez Canal: Tugboats Working to Tow Container Ship after Malfunction
This came on Wednesday during ship's crossing of the canal as part of the southern convoy on its journey coming from Singapore to the Netherlands.
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Naguib plans to invest over USD 120 mn to turn motorcycles and three-wheeled tuk-tuks into EVs
Sawiris’ plan will be carried out through e-mobility startup BluEVunder an investment agreement signed with Orascom Investment Holding (OIH).
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Cairo monorail nears completion
The $4.5bn project, led by Egypt’s National Authority for Tunnels (NAT), aims to improve Cairo’s transportation network.
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Suez Canal achieves record revenues during November
This year is now the the highest compared to previous Novembers throughout the history of the Suez Canal.
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Contractor starts Sokhna logistics park work
The planned facility will cater to logistics, trading, distribution, value-added and light industrial activities.
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Hungary's President "Katalin Novák" Rides Train from Egypt's Ramses Station to Giza
The President of Hungary left from Giza station to complete her visit to Egypt according to the specified schedule.
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UAE’s DP World starts building $80 mln logistics park in Egypt's Ain Sokhna
The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna.
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Egypt's transport ministry reveals details of prospective Gargoub Port's economic zone
The port's quays will be expanded to stretch on a total of eight kilometers - located on the Mediterranean in Matrouh governorate.
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Egypt, South Korean STX sign MoU to develop Jarjoub port and economic logistics zone
Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub.