Suez Canal
The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. The canal is a route of trade between Europe and Asia. It is managed by the state-owned state-owned Suez Canal Authority (SCA).
Suez Canal maintains throughput in Q1 2020
Port Said, Egypt (Ports Europe) April 3, 2020 – Osama Rabie, chairman of the Suez Canal Authority (SCA), has reported that traffic through the Suez Canal...
Ecoslops publishes results for 2019
Ecoslops, the cleantech that brings oil into the circular economy, announces the results for the financial year-end – March 30, 2020 With a turnover of...
COSCO Shipping Ports Ltd sees big fall in February 2020 container throughput
Piraeus, Greece (Ports Europe) March 17, 2020 – In February 2020, COSCO Shipping Ports Ltd handled a global total of 14.52 million TEU, down 12.2% on the...
Suez Canal traffic increases over 12% in February 2019
Port Said, Egypt (Ports Europe) March 2, 2020 – Osama Rabie, the head of the Suez Canal Authority (SCA), has announced that in the month of February...
Suez Canal sees increased tonnage and revenue in 2019
Port Said (Ports Europe) January 21, 2020 – The Suez Canal Authority (SCA) has reported that last year the Canal accommodated 18,880 vessels, compared to...
Suez Canal Container Terminal to open reefer repair hub to all brands
The Suez Canal Container Terminal (SCCT), strategically located at the mouth of the Suez Canal in Egypt, has announced its intention to open its reefer...
Egypt reviews new Suez Canal achievements
The Suez Canal Authority (SCA) has produced the following information on the 4th anniversary of the new Suez Canal. Celebrating the 4th anniversary of the New...
Suez Canal pays €3.8 billion to Egypt’s treasury in 2019
Suez, Egypt (PortSEurope) June 10, 2019 – Egypt’s finance ministry has said the Suez Canal Authority paid EGP 72 billion ($4.3 billion/€3.8...
Suez Canal’s investment opportunities are very promising
Suez, Egypt (PortSEurope) May 30, 2019 – Suez Canal’s investment opportunities are very promising there are new projects that are being...
Egypt’s government dismisses rumours about partial privatisation of Suez Canal
Cairo, Egypt (Ports Europe) May 7, 2019 – Egypt’s government has dismissed rumours about the potential privatisation of parts of the Suez Canal...
Suez Canal Authority, China’s Tianjin to develop 2nd phase of TEDA Industrial Zone
Suez, Egypt (Ports Europe) April 25, 2019 – The Suez Canal Authority (SCA) has signed a Memorandum of Understanding (MoU) with China’s...
SCA to increase Suez Canal annual revenues by $1 billion
Suez, Egypt (Ports Europe) April 18, 2019 – Suez Canal Authority (SCA) aims to increase the annual revenues of the Suez Canal by $1 billion (€888 million),...
Svitzer to deliver two tugboats to Suez Canal Authority
Suez, Egypt (Ports Europe) April 8, 2019 – Leading global towage operator Svitzer has signed a 10-year agreement with Port Suez in Egypt to deliver two...
Russia to sign agreement for industrial zone near Port Said in April
Suez, Egypt (Ports Europe) March 13, 2019 – Egypt’s government expects to sign an agreement with the Russian Export Centre (REC) to start the...
SCZone to present investment opportunities to Indian companies
Suez, Egypt (Ports Europe) March 11, 2019 – Suez Canal Economic Zone (SCZone) managers plan to visit India to meet representatives of local companies...
South Korea eyes investments in Suez Canal Exclusive Economic Zone
Port Said, Egypt (Ports Europe) February 27, 2019 – South Korea’s government is interested in establishing a partnership with Egypt for the development...
Russia’s REC to launch industrial complex near Egypt’s Port Said
Port Said, Egypt (Ports Europe) February 20, 2019 – Russian Export Centre (REC) plans to complete the construction of the first phase of an industrial zone...
Naples port hosts Suez Canal-New Silk Road discussion
Naples, Italy (Ports Europe) February 19, 2019 – The recent doubling of the capacity of the Suez Canal, has improved the competitiveness of the...
Suez Canal to double annual revenue by 2023
Suez, Egypt (Ports Europe) February 15, 2019 – The new channel of the Suez Canal, opened in August 2015, has paid off in the shortest possible time, the...
Suez Canal recovers cost for new Suez Canal project
Suez, Egypt (Ports Europe) January 29, 2019 – Suez Canal Authority has recovered the EGY 20 billion (€992 million/$1.1 billion) cost for the construction...