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).
Egypt seeks role as trade hub in the new Silk Road
Beijing, China (PortSEurope) October 19, 2023 – Prime Minister Mostafa Madbouly of Egypt has attended the Belt and Road Forum for International...
Suez Canal Economic Zone signs green fuel deal with Maersk’s C2X
Port Said, Egypt (PortSEurope) October 4, 2023 – A framework agreement has been signed between C2X, part of Maersk, and a number of Egyptian...
Green hydrogen in the Suez Canal Economic Zone
Suez, Egypt (PortSEurope) September 19, 2023 – Green hydrogen production plants and facilities will be built in the Suez Canal Economic Zone (SCZONE) by...
Russia’s Tatarstan sends economic delegation to Egypt
Cairo, Egypt (PortSEurope) August 22, 2023 – The Russian region of Tartarstan has sent an economic delegation to Egypt to investigate investment...
Russian industrial zone in Suez Canal lost its management company
Suez, Egypt (PortSEurope) 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 (PortSEurope) 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 (PortSEurope) April 12, 2023 – The Suez Canal Authority, the Greek V Group of companies (which owns the Greek company Antipollution),...
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...
Suez Canal to increase transit prices in 2023
Port Said, Egypt (PortSEurope) September 19, 2022 – The Suez Canal Authority plans to increase transit prices in 2023. The transit tolls for all types of...
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 (PortSEurope) 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 (PortSEurope) March 2, 2022 – The Suez Canal Authority (SCA) has reported that in the month of February 2022, 1,713 transited through...
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...