Port News & Information Mediterranean, Black & Caspian Seas

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).

Vietnamese companies eye investments in Suez Canal

Port Said, Egypt (Ports Europe) 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 (Ports Europe) 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 (Ports Europe) August 16, 2018 – Egyptian President Abdel Fattah al-Sisi has issued a public decree extending the service of the head of the...

Suez Canal Insurance Company pays compensation to Suez Canal Authority

Port Said, Egypt (Ports Europe) August 13, 2018 – The Suez Canal Insurance Company has paid a EGY 15 million ($838,000/€733,000) compensation to the...

Suez Canal’s Economic Zone newly established companies amount to 37 in H1 2018

Port Said, Egypt (Ports Europe) August 8, 2018 – The number of newly established companies in the Suez Canal’s Economic Zone amounted to 37 in the...

Suez Canal generates $15.6 billion revenue in 2015-2018

Port Said, Egypt (Ports Europe) 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...

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 (Ports Europe) 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 (Ports Europe) August 10, 2017 – UAE-based group DP World has set up a joint venture with Egypt’s General Authority for the Suez...

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