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Suez Canal

Work on New Suez Canal complete

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah Al-Sisi sees as a symbol of national pride and a major chance to stimulate an economy suffering double-digit unemployment.

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Egypt to speed up shipping with new Suez waterway

Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal, which will speed up shipping movements in the area.

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First double crossing in Suez Canal

Egypt’s Suez Canal saw the first test passage of ships moving in opposite directions (double crossing) this week.  One of the ships had net tonnage of 133,000. Three ships entered the new canal through the Ismalia entrance at

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Suez Canal revenue falls to $431m in June

Egypt's revenue from the Suez Canal fell to $431.6 million in June from $449.6 million in May, a government website said on Wednesday. The canal, the fastest shipping route between Europe and Asia, is one of Egypt's main s

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Egypt to open new Suez Canal on Aug 6

Egypt's New Suez Canal will open on August 6, the canal authority chairman said on Saturday, a project that President Abdel Fattah Al Sisi hopes will stimulate an economy suffering double-digit unemployment. The army began wor

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Egypt to open new Suez Canal on Aug 6

Egypt's New Suez Canal will open on August 6, the canal authority chairman said on Saturday, a project that President Abdel Fattah Al Sisi hopes will stimulate an economy suffering double-digit unemployment. The army began wor

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Egypt to open new Suez Canal on Aug 6

Egypt's New Suez Canal will open on August 6, the canal authority chairman said on Saturday, a project that President Abdel Fattah Al Sisi hopes will stimulate an economy suffering double-digit unemployment. The army began wor

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Suez Canal revenues top $422m in April

Egypt's revenue from the Suez Canal was $422.1 million in April, a government website said on Wednesday, up from $420.1 million in March. The fastest shipping route between Europe and Asia is one of Egypt's main sources of

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DHL plans Egypt expansion, Suez Canal centre

DHL, a leader in global express shipping, plans to add new shipping lanes in Egypt and offer logistics support from Cairo International Airport as well as participate in the new Suez Canal project, a report said. DHL is currently

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Suez Canal sets discount for LNG carrier transit toll at 25pc, down from 35pc

The Suez Canal Authority said transit tolls would remain steady in 2015, except for a reduction in the discount for liquefied natural gas (LNG) carriers.   Authority chairman Mohab Mahmish told a news

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