Ports-Africa North

Egypt

A.P. Moller Capital underway with billion-dollar fund – invests in Egyptian logistics

portnews - September 21, 2022

Fund management company A.P. Moller Capital, filing under A.P. Moller Holding, is in the process of establishing a new billion-dollar fund, writes Børsen. The...

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

portnews - September 20, 2022

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...

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Suez Canal to roll out new transit toll from 2023

portnews - September 19, 2022

Suez Canal transit toll for dry bulk ships and cruise ships will increase by 10%. Credit: Suez Canal Authority. The Suez Canal Authority (SCA) in...

Companies

AD Ports Group Completes Acquisition of Majority Stakes in Egypt’s Transmar and Transcargo International (TCI)

portnews - September 15, 2022

AD Ports Group completed the acquisition of a 70 percent equity stake in Transmar International Shipping Company (“Transmar”) and Transcargo International S.A.E. (“TCI”). The total...

News

Suez Canal’s revenue rises 32.4% YoY in August

portnews - September 12, 2022

Suez Canal’s revenue surged 32.4% year-on-year (YoY) to $744.8 million in August 2022, according to an official statement. The number of transited vessels amounted to...

Energy

Libya’s oil output down to 1.163 mln bpd due to power issues – NOC

portnews - September 6, 2022

Libya’s oil production has decreased to 1.163 million barrels per day (bpd) due to power issues in the Sarir and Mesla oilfields, Libya’s National...

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APMT employs advanced software to reduce wind gust damage to zero at MedPort Tangier

portnews - September 5, 2022

Strong wind gusts can cause container stacks to topple APM Terminals (APMT) has reduced container toppling incidents at its Tangier terminal to zero with thanks...

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