The 18,300 TEU capacity Maren Maersk has become the second Triple-E class vessel to call an Egyptian port and the first with a commercial stop at the Suez Canal Container Terminal (SCCT) at Port Said East.
APM Terminals, the majority shareholder of SCCT, partnered with the Egyptian government and local authorities to complete a dredging […]
The boxship involved in the accident is identified by several sources as the 13,092 TEU Cosco Hope. Four people were reportedly injured during the incident.
A fire broke out at Egypt’s Port Said last night after a container ship hit a gantry crane while leaving the Suez Canal Container Terminal (SCCT), a source who […]
BBC photo from Saturday’s event at the Suez Canal.
The first trial operation of the new Suez Canal started Saturday morning, with six large ships crossing in both directions, Youm7 reported.
The trial operation aims to assure that the canal allows ships with different sizes and drafts to sail.
The executive agency that manages […]
A container ship carrying a grade A hazardous cargo ran aground in Egypt’s Suez Canal on Saturday morning, the canal authority confirmed, delaying traffic for several hours through one of the most important trade routes in the world.
Sources in the canal authority said another ship in the same convoy, the Liberian-flagged Margaret Oldendorff, had […]
The government has threatened to withdraw a contract granting DP World the right to run a containers depot at Ain Sokhna port due to the company’s failure to implement investments stated in its contract with the Egyptian government since it bought the terminal.
An admonition sent by the Red Sea Ports Authority to the company’s […]
Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia.
The new channel, part of a larger project to expand port and shipping facilities around the canal, aims to raise […]
The Panama Canal handles around 5 percent of the world’s total trade – in comparison about 7.5 percent moves through Suez. The cost of moving a ship through the Panama Canal has tripled over the past five years to around $450,000 per passage for a vessel carrying 4,500 containers. Many companies are finding cheaper […]
From Ahram Online:
1,200 workers say that Dubai-based DP World had promised permanent employment and has failed to deliver. ‘DP World’s management of the port is a failure,’ said union leader Mostafa Ali. ‘They are failing in all of the seaports under their management – in the Port of Aden in Yemen and […]
Making Emma Maersk seaworthy after last week’s incident in the Suez Canal is a complicated process, and a Maersk executive admits it is probably a matter of months before she can enter service again.
Palle Laursen, Head of Ship Management for Maersk Line, shares the latest update on the Emma Maersk incident that took place […]
Emma Maersk, one of the world’s largest container ships that found itself in trouble in Egyptian territorial waters, has been safely tugged to berth Saturday in Port Said East Suez Canal Container Terminal (SCCT), the Danish owned company has stated.
According to a Maersk statement, the 397-metre long vessel cancelled its southbound voyage through the […]
Egyptian grain buyers, squeezed by droughts in Russia and Australia, bought 165,000 tons of wheat this month from a far-flung source, the Pacific Northwest.
The sellers included Cargill Inc. and Louis Dreyfus Commodities, two of the multinational goliaths involved in contract talks with longshore union leaders as a potential lockout looms at grain terminals in […]
2,700 dockworkers are on strike at Ain Sokhna port in Egypt to demand the reinstatment of eight of their colleagues by DP World.
Dubai Ports World, the company operating the Ain Sokhna port, filed charges against striking workers on Monday, accusing them of costing the company LE40 million (USD $6,550,000) in just five days.
Daily News Egypt cited Suez state security head, General Adel Refaat, as saying Friday that nearly 2,700 workers are protesting the firing of eight fellow port workers.
2,700 Ain al-Sokhna port workers demand the return of eight fired colleagues
A strike at an Egyptian Suez Canal port Oct. 13 left Cairo’s main cargo […]
From Economic Times:
Straddling one of the world’s great sea routes, the Suez Canal corridor is set to become a bridge connecting Africa with Asia if a grand plan by Egypt’s new government comes to fruition. President Mohamed Mursi’s administration is reviving and expanding a series of projects initiated in the late 1990s under former […]
Russia, with the world’s fourth-largest expanse of arable land and huge potential for modernisation in the agriculture industry, is trying to position itself long term to double grain exports and grab a bigger share of growing world food demand.
Russian aluminium tycoon Oleg Deripaska’s vehicle Basic Element (BasEl), a long-time investor in agriculture, has […]