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.
08 Aug 2014
Troubles in the Pacific Northwest dominated the news this week.
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.
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.
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.
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.
21 Mar 2014
Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary...
07 Jan 2014
The Suez Canal Authority has invited 14 consortia to present plans to develop the waterway into a logistics and industrial hub.