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).
Russian industrial zone in Suez Canal lost its management company
Suez, Egypt (Ports Europe) June 4, 2023 – The Management Company of the Russian Industrial Zone in the Suez Canal Economic Zone (SCZONE) in Egypt is to be...
Record breaking $904.5 million for Suez Canal in April
Port Said, Egypt (Ports Europe) May 11, 2023 – The revenue of the Suez Canal in April increased by $274 million compared to the same months of 2022 ($630.5...
Suez Canal Authority to form waste management company
Port Said, Egypt (Ports Europe) April 12, 2023 – The Suez Canal Authority, the Greek V Group of companies (which owns the Greek company Antipollution),...
Suez Canal expects a record breaking $8 billion in revenue
Port Said, Egypt (PortSEurope) December 26, 2022 – Egypt’s Suez Canal expects revenue to reach the record-breaking $8 billion in its current fiscal year...
Voltalia, TAQA Arabia plan green energy cluster in Egypt
Port Said, Egypt (PortSEurope) December 8, 2022 – France’s Voltalia SA and Egyptian energy company TAQA Arabia have signed a memorandum of...
Suez Canal Economic Zone signs seven MoUs for hydrogen development
Port Said, Egypt (PortSEurope) December 8, 2022 – The Suez Canal Economic Zone has signed seven Memorandums of Understanding (MoU) for green hydrogen...
EBRD supports first green hydrogen facility in Egypt
Cairo, Egypt (PortSEurope) November 15, 2022 – The European Bank for Reconstruction and Development (EBRD) is to lend $80 million loan to Egypt Green to...
TransContainer starts multimodal service between Russia and India via Novorossiysk
Novorossiysk, Russia (PortSEurope) July 4, 2022 – PJSC TransContainer has launched a new intermodal service between Russia and the Indian port of Nhava...
SCZONE signs a joint MOU to establish automotive industry complex
Port Said, Egypt (Ports Europe) June 17, 2022 – The Suez Canal Economic Zone (SCZONE) has signed a local Memorandum of Understanding (MoU) to establish a...
Suez Canal sets traffic record in April
Port Said, Egypt (PortSEurope) May 3, 2022 – In April 2022, the Suez Canal earned revenue of $629 million (+13.6%) and moved total net tonnages of 114.5...
COSCO SHIPPING Ports – Overseas terminals – Throughput – Q1 2022
Hong Kong, China (PortSEurope) May 2, 2022 – COSCO SHIPPING Ports Limited (CSP), a leading global ports operator, has announced first quarter container...
Suez Canal reports record traffic and increases transit fees
Port Said, Egypt (Ports Europe) March 2, 2022 – The Suez Canal Authority (SCA) has reported that in the month of February 2022, 1,713 transited through...
Suez Canal expansion to be completed by July 2023
Cairo, Egypt (Ports Europe) January 27, 2022 – Work to expand stretches of the Suez Canal are expected to be completed by July 2023, according to Osama...
Thessaloniki Port Authority and Suez Canal Economic Zone sign agreement
Thessaloniki Port Authority S.A. (ThPA) and the Suez Canal Economic Zone (SCZone) have signed a cooperation agreement with the aim to develop international...
Suez Canal Authority reports record revenues for 2021
Cairo, Egypt (Ports Europe) January 4, 2022 – The Suez Canal Authority has announced that the navigation statistics in the canal in 2021 set new records,...
Lifting the curtain on the reverberations of the Suez blockage – Maersk
On Tuesday March 23, a 400-meter-long container vessel ran aground and became lodged sideways across the waterway in the Suez Canal. Almost a week in and with...
The first ship affected by the blockade of the Suez Canal arriving in Barcelona is operating normally
The container ship MSC Amber, the first ship affected by the Suez Canal blockade to arrive at the Port of Barcelona, has docked tonight at the BEST terminal...