The Suez Canal posted a year-over-year drop in throughput of containers and container ships in 2015. The number of containers shipped through the canal fell 2.3 percent compared with 2014, to 41.2 million 20-foot-equivalent units, and the number of container ships that transited the Canal fell 3 percent to 5,941, according to figures from the Suez Canal Authority.
08 Jan 2016
The Egypt army said the Al-Salam bridge, which crosses the Suez Canal and is a key element in government plans to develop the area around the Canal, would reopen in a matter of days.
05 Jan 2016
Traditionally seen as a reliable barometer of the global trade environment, the most recent transit and receipt figures from the Suez Canal Authority (SCA) are less than encouraging.
07 Dec 2015
The ban of belly cargo on Egypt Air passenger flights to North America is creating chaos in Egypt’s textiles and cottons sector, which has made up 45 percent of the country’s exports to the U.S. this year.
27 Nov 2015
Egypt set a date for completion of a side channel at East Port Said near the entrance to the Suez Canal that will allow better access to the port from the Mediterranean Sea.
02 Nov 2015
Zim Integrated Shipping Services and a European short-sea operator are reintroducing a seasonal refrigerated service aimed at agriculture shippers that connects the Mediterranean and the Middle East.
12 Oct 2015
The Egyptian government is being asked to provide more clarity into plans for the development of the Suez Canal Economic Zone (SCZone) as it seeks foreign investment to meet its ambitious goals for the area around the canal.
06 Sep 2015
Plans to dredge a nearly 6 mile channel at Port Said as well as develop the entire region surrounding the New Suez Canal remain on hold, reports suggest.
12 Aug 2015
The expansion of the Suez Canal and the reduced draft for ships transiting the Panama Canal won’t immediately impact the rival waterways’ shares of Far East-U.S. East Coast traffic, according to Alphaliner.
10 Aug 2015
Suez Canal Authority projections that average daily vessel transits will double by 2023 to 97 vessels and more than double revenue to $13.2 billion within 10 years are unlikely, according to the latest analysis by Drewry.
06 Aug 2015
The Suez Canal Authority said it is well placed to compete with Panama for Asia-U.S. East Coast business and will continue to offer promotions and discounts to help entice lines to use the Suez Canal.