to hit pause as far as transit through this route is concerned. They are using the longer and costlier route around the Cape of Good Hope in South Africa rather than going through the Suez Canal.

In particular, we will need to consider options to create a more efficient pricing model for icebreaker freight transit, so that more carriers ... Moscow two weeks faster than through the Suez Canal.

The massive global shortcut linking the Mediterranean and Red Seas took ten years to dig through the Isthmus of Suez and was built on the path of an ancient canal ...

Cairo – The consolidated net profits of Suez Canal Company for Technology Settling hiked to EGP 1.32 billion in fiscal year (FY) 2023/2024 from EGP 860.81 million in FY22/23. The EGX-listed firm ...

Egypt's Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to ...

A.P. Moller-Maersk expects strong demand for shipping goods around the world to continue in the coming months, but sees no return to sailing through the Suez Canal until 2025 due to the threat of Red ...

The Chairman of the Board of Directors of the Commercial International Bank, Hesham Ezz al-Arab, said on Sunday that the that the negative impact on navigation in the Suez Canal is impacting global ...

The Suez Canal Authority (SCA) has reiterated its commitment to upholding international agreements that ensure free navigation for all vessels passing through the canal, whether commercial or ...

Europe boasts its own mini-Suez Canal, the Kiel Canal, which has been in operation for over a century and sees up to 130 ships daily. The 61-mile freshwater canal, located in the German state of ...

CAIRO (Reuters) - Egypt's Suez Canal Economic Zone (SCEZ) has invested $3 billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it ...

Egypt has unveiled an ambitious project to convert its desert land into habitable areas to address its demographic challenges. With less than 4% of its land deemed habitable, accommodating 113.5 ...