Canal July News

Egypt's Suez Canal revenues rose to $447.1 million in July from $427.2 million in June, the government said on Tuesday.   The canal is the fastest shipping route between Europe and Asia and one of the government's main sources of foreign currency. Egypt has been struggling to revive its economy since a 2011 uprising hit tourism and foreign investment.   Reporting by Nadine Awadalla

Revenue from Egypt's Suez Canal rose by 8.6 percent in July to $482.2 million from $443.9 million in June, Egypt's state information portal said on Monday. The waterway, the fastest shipping route between Europe and Asia, is one of Egypt's main sources of foreign currency. Reporting by Asma Alsharif

Reporters crowded around Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta after the ACP announced Grupo Unidos por el Canal as the “best value” consortium to design and build the Canal’s new set of locks July 8. Grupo Unidos por el Canal, composed of Sacyr Vallehermoso S.A., Impregilo S.p.A., Jan De Nul n.v. and Constructora Urbana, S.A., was one of three consortia vying for the contract and determined the winner through a fair, rigorous and transparent process put into place by the ACP.

By Mass Communication Specialist 2nd Class J.T. The guided-missile destroyer USS Farragut (DDG 99) and the frigate USS Kauffman (FFG 59), assets assigned to Destroyer Squadron (DESRON) 40, transited the Panama Canal July 9-11 en route Mayport, Fla. The transit from the Pacific to Atlantic Ocean via the was the final evolution of the first half of Partnership of the Americas 2008 (POA 08), an operation sponsored by U.S. Southern Command (SOUTHCOM). The exercise strengthens regional partnerships and improves multinational interoperability, while enhancing the operational readiness of all units assigned to participate. This was the first transit for Farragut and a major evolution of her maiden deployment. Capt.