The Suez Canal has extended and deepened discounts to container lines.
31 Mar 2016
The Suez Canal Authority has cut tolls to transit the canal by 30 percent after traffic shrank in 2015 and container lines began routing ships around the Cape of Good Hope because historically low fuel prices have made that route cheaper than paying the canal’s tolls.
09 Mar 2016
MENA Infrastructure, a fund manager and equity investor in Middle East infrastructure, said it divested its 30.3 percent stake in Egypt’s Alexandria International Container Terminals to Hong Kong’s Hutchison Port Holdings for an undisclosed sum.
26 Feb 2016
Ultra-large container ships can now call at the Suez Canal Container Terminal 24 hours a day following the opening of a new access channel at the Mediterranean entrance to the Egyptian waterway.
02 Feb 2016
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.
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