CMA CGM will use at least some of its new reefer fleet to serve growing produce trade between countries bordering both the Black Sea and the Mediterranean.
13 Nov 2014
Four boats yesterday ambushed the Egyptian Navy patrol boat near the Suez Canal, reigniting concerns about terrorist attacks on container vessels on the 120-mile long waterway.
27 Oct 2014
Revenue gained through Suez Canal tolls in September rose 6.3 percent year-over-year but fell 8 percent from August, suggesting freight growth on the Egyptian waterway might be slowing.
18 Oct 2014
A European construction consortium will begin work this year to expand the Suez Canal under a $1.5 billion contract from the Egyptian government announced on Saturday.
10 Oct 2014
Efforts to convert the Nile River into a shipping lane for landlocked sub-Saharan African countries are meeting with hurdles two years after the concept was introduced.
04 Oct 2014
“If it bleeds, it leads,” is a saying in the news industry that means bad news gets higher ratings than good news, and that rang true on JOC.com this past week.
29 Sep 2014
The number of container ships passing through the Suez Canal is on an upward trend, after nearly three years of declining transit numbers because of rapidly increasing ship sizes.
29 Sep 2014
A Hapag-Lloyd vessel dropped three containers into the Suez Canal on Monday morning after colliding with a Maersk Line vessel, interrupting a southbound convoy through the Egyptian waterway.
05 Sep 2014
The Suez Canal Authority isn’t having any trouble finding money to pay for a $4 billion project to build a second channel.
03 Sep 2014
Monthly revenue at the Suez Canal hit a record $506 million in August, partly reflecting a surge of container volume in the last month.
11 Aug 2014
Within days of it being officially announced, work on a second channel of the Suez Canal has apparently already begun and, according to Egyptian authorities, will be completed within a year.