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 Authority renews marine insurance contract
Port Said, Egypt (PortSEurope) September 26, 2018 – The Suez Canal Insurance Company (SCI) has renewed the insurance contracts with the Suez Canal Authority...
Suez Canal Authority cancels investment project of Italy’s Danieli
Port Said, Egypt (PortSEurope) September 24, 2018 – The Suez Canal Authority has canceled its project for the construction of an iron and steel plant in Ain...
Sines port signs MoU with Suez Canal Economic Zone
Sines, Portugal (PortSEurope) September 20, 2018 – Sines port has signed a Memorandum of Understanding (MoU) with the Suez Canal Economic Zone...
China’s Jushi opens third production line at Suez Canal factory
Port Said, Egypt (PortSEurope) September 5, 2018 – Managers of China’s Jushi, a global manufacturer fibreglass products, have met the head of the Suez...
Vietnamese companies eye investments in Suez Canal
Port Said, Egypt (PortSEurope) September 3, 2018 – Vietnamese companies are interested in investing in the launch of fish farming facilities in the axis of...
Arctic route cannot represent alternative to Suez Canal
Port Said, Egypt (PortSEurope) August 29, 2018 – Egypt’s Suez Canal Authority considers that the Arctic route cannot represent an alternative to its...
Egyptian president extends Suez Canal’s head mandate
Cairo, Egypt (PortSEurope) August 16, 2018 – Egyptian President Abdel Fattah al-Sisi has issued a public decree extending the service of the head of the...
Suez Canal’s Economic Zone newly established companies amount to 37 in H1 2018
Port Said, Egypt (PortSEurope) August 8, 2018 – The number of newly established companies in the Suez Canal’s Economic Zone amounted to 37 in the first...
Suez Canal generates $15.6 billion revenue in 2015-2018
Port Said, Egypt (PortSEurope) August 8, 2018 – Suez Canal generated a revenue of about $15.6 billion (€13.5 billion) in the past three years and that...
Suez Canal recording highest revenue ever
Port Said, Egypt (PortSEurope) June 25, 2018 – The Suez Canal Authority (SCA) is recording the highest revenue in its history this year, the head of the...
Suez Canal president calls for regulations favouring investments
Port Said, Egypt (PortSEurope) June 25, 2018 – The Suez Canal Authority (SCA) plans to draw up a general plan to attract more cargo traffic to the Nile...
Damietta port to reduce some fees
Damietta, Egypt (PortSEurope) January 16, 2018 – Container ships with the capacity of 100 units or less passing through the Damietta Port will be exempt...
Suez Canal Authority profit rises 4.66% y/y in July 2017
Port Said, Egypt (PortSEurope) August 23, 2017 – Suez Canal Authority (SCA) said it posted a profit of $447.1 million (€379 million) in July 2017, up...
DP World, Suez Canal Economic Zone set up joint venture
Port Said, Egypt (PortSEurope) August 10, 2017 – UAE-based group DP World has set up a joint venture with Egypt’s General Authority for the Suez Canal...