Egypt

Egypt

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.
Container ships in Suez Canal
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.
Weekly wrap-up for August 9, 2014
08 Aug 2014
Troubles in the Pacific Northwest dominated the news this week.
Container ship in Suez Canal
05 Aug 2014
Egypt today unveiled plans to build a “second” Suez Canal alongside the existing waterway to keep pace with growing traffic on the Asia-Europe shipping lanes.
28 Jul 2014
The Suez Canal’s major deepening project is just over the horizon as crews will start widening and dredging a 34-kiliometer strip in order to improve wait times for vessels using the canal.
The number of container ships passing through the Suez in May was the highest since May 2013
07 Jul 2014
The number of container ships passing through the Suez Canal in May was higher than in April but was down year-over-year for the 33rd straight month.
Ocean Carrier Rate Revision Roundup for May 30
30 May 2014
Multiple container lines have planned general rate increases in various trade routes in June and July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Ocean Carrier Rate Revision Roundup for April 18
18 Apr 2014
Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.