26.7 C
Singapore
Saturday, April 26, 2025
spot_img

CATEGORY

Suez Canal

Egypt’s Suez Canal Authority to invest $550m in current fiscal

Egyptian state-owned Suez Canal Authority is expected to make an investment of 13.1 billion Egyptian pounds ($550 million) in the current fiscal year /2023,...

New report warns hackers could create another Ever Given incident in the Suez

The Suez Canal is among the most secure waterways in the world, with thousands of soldiers and check-points covering the 193 km trade artery....

Egypt’s Suez canal revenues at $703.4 mln in October

Egypt’s Suez Canal generated revenue of $703.4 million in October, the canal authority said on Saturday.

Maersk, Siemens, Suez Canal discuss green hydrogen projects

  Suez Canal Economic Zone (SCZONE), Maersk, and Siemens Energy, met to discuss localisation of the green hydrogen industry and its complementary industries. The meeting discussed...

Suez Canal revenues hit $2.1bn in Q3, highest quarter in history: Egypt Cabinet

Suez Canal revenues increased in the third quarter of this year by 23.5 percent year-on-year to hit $2.1 billion — the highest figure ever...

East Africa exporters brace for impact as Suez Canal tolls rise

The increase in transit tolls for ships passing through the Suez Canal by 15 percent is likely to impact exports to Europe from the...

Cargo Owners Blame Shipowner for Ever Given Grounding in Suez Canal

A group of cargo owners are blaming Shoei Kisen Kaisha, the Japanese owner ofEver Given, for last March’s financially catastrophic grounding of the vessel...

Suez Canal authority plans to raise transit fees by 15% in 2023

The Suez Canal Authority (SCA) intends to raise the transit tolls for vessels crossing the Suez Canal by 15% from January 2023. In a...

Suez Canal expects annual revenues to rise by $700m after rate hike

Egypt’s Suez Canal expects its annual revenue to increase by $700 million following an increase in transit fees in 2023, the canal authority’s chairman...

Freight rate bonus for carriers leads to 15% hike in Suez Canal fees

Suez Canal Authority (SCA) chairman and MD Ossama Rabiee has announced a 15% hike in canal charges next year. The 15% hike will apply to...
spot_img

Latest news

- Advertisement -spot_img
spot_img