DP World to Develop Egypt Port Terminal
A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will bid for the government contract for the project later this year. The proposed ICD will increase the flow of cargo between ships and major land transportation networks in the country, creating a central distribution point.
DP World Moves Ahead with Suez Canal Industrial Zone
Dubai-based ports operator DP World has inked an agreement with the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) to launch the first phase of an integrated industrial and residential zone in Sokhna. The framework agreement, which establishes a clear timetable of actions required to execute the first phase of the project spanning 30 square kilometres, was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZone).
Suez Canal Authority, DP World Present Sokhna World Zone
Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), presented details of the recent agreement to develop an integrated industrial and residential zone at Sokhna in Egypt to investors and businesses in Dubai. The opportunities to invest and launch operations in the project were outlined to company representatives, many of whom already have existing outlets in Dubai’s Jebel Ali Freezone (Jafza).
DP World to Develop Economic Zone in Egypt's Sokhna
Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, signed a partnership agreement to develop an integrated industrial and residential zone at Sokhna in Egypt, in the presence of Sherif Ismail, the Prime Minister of Egypt. The signing took place at a ceremony in Sharm el-Sheikh at the World Youth Forum. The agreement will establish a joint venture between SCZone (51%) and DP World (49%) with DP World managing the zone…
Suez Canal Revenues Fall
Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017, the data showed. However, Suez Canal Authority (SCA)'s revenues raised by 3.4 per cent within the period from January-October 2017, increasing to $US4.3 billion up from $US4.2 billion in 2016. The chairman of SCA and SCZone (Suez Canal Economic Zone) Mohab Mamish said that that the number of ships crossing the canal waterway increased by 2.9 per cent…
DP World Forms JV with Egypt’s Suez Canal
DP World, has formed a joint venture (JV) company with Egypt’s General Authority for the Suez Canal Economic Zone. The new venture will see the global terminal operator assist in developing projects in the SCZone, the main trade route between Europe and Asia, serving more than 8% of annual global trade. The new venture will develop projects in the Suez Canal Zone, one of the most promising trade zones given the calibre of its logistics facilities and its strategic location. The…
Suez Canal, the Fastest Maritime Corridor
Egypt's Suez Canal has maintained its classification as the most important and fastest maritime shipping corridor despite the economic challenges faced by the world in 2015 and 2016, reported Xinhua quoting head of the Egyptian Suez Canal Authority Mohab Mamish as saying. A statement from the canal's authority said on Sunday that its revenues stood at $2.938 billion from January to July. Its revenues jumped to $446.3 million in July from $427.2 million in June, according to Reuters' calculations. In July last year, revenues stood at $429 million.
Egypt Bans Qatari Ships Docking in Suez Canal
The Suez Canal Authority is committed to a ban on allowing Qatari ships to dock in ports within the Suez Canal’s economic zone, Ahram reported as chairman Mohab Mamish saying. In press statements on Friday, Mamish said that Egyptian ban on the ships is being imposed on all ports within the zone based on Egyptian sovereignty over its territorial waters. The decision, however, does not include a ban on passing through the canal, as under the Constantinople 1869 agreement it is illegal to ban ships coming from any country from passing through.
Maersk Considering New Toll System by Suez Canal Authority
AP Moller-Maersk's Maersk Line shipping arm said it is considering proposals from the Suez Canal Authority for a new toll system that could involve advance payments, reports Reuters. "They have proposd a new payment method and presented it to us, and we are looking at it now," a company spokesman said. The Wall Street Journal earlier quoted Canal Authority Chairman Mohab Mamish as saying it aimed to levy charges for three years or five years in advance. Talks with Maersk, Geneva…
Egypt Seeks a New Suez Canal Toll System
Egypt is in talks with global shipping firms to change the way it charges vessels to pass through the Suez Canal, offering discounts for advance payments as it seeks to raise much-needed hard currency from a struggling industry. Denmark's A.P. Moller-Maersk, which runs the world's biggest container shipping line, said on Tuesday it was considering proposals from the Suez Canal Authority for a new toll system. "They have proposed a new payment method and presented it to us, and we are looking at it now…
Suez Canal Access Channel Officially Opened
The terminal is also expanding in response to Egypt’s growing population and economy, and role as a global transportation hub. East Port Said, Egypt – Completed within just three months, the new 8.5 km (5.2 mile) access channel directly links the East Port Said port complex to the Mediterranean Sea, eliminating the need for vessels heading to the Suez Canal Container Terminal (SCCT) to wait 6-8 hours for a time window between vessel convoys transiting the canal. This means that the channel…
First Ship Crosses New East Port Said Side Channel
Shipping group CMA CGM announced that its containership CMA CGM Racine was the first vessel to cross the New East Port Said side Channel, during the Opening ceremony held on February 24. Chérif Ismaïl, Egyptian Prime Minister, Saad El-Giuchy, Egyptian Minister of Transport, and Admiral Mohab Mamish, Chairman of the Suez Canal Authority were present for the occasion. Thanks to this new side channel, vessels will have a 24-hour access to East Port Said instead of current 8-hour access.
Green Signal to New Access Channel to Port Said East
The construction of a wide access channel to Port Said East, as the side channel project, has officially received approval. The head of the Suez Canal Authority (SCA), vice admiral Mohab Mamish, has approved the construction of a new access channel to Port Said East which will which will permit uninterrupted vessel traffic to visit Suez Canal Container Terminal (SCCT) round the clock. Egypt plans to complete the side channel, that would speed up shipping and allow ships direct entry into the port by the end of June 2016, Mohab said.
DP World, SCA Pact for Ain Sokhna Port Development
Suez Canal Authority (SCA) and the Red Sea Ports Authority signed an agreement with Dubai Ports World (DP World) and Sonker Bunkering Company for the development of Egypt’s Ain Sokhna seaport, reports Egypt Independent. The signing of the deal comes in line with directives by Egypt’s President Abdel Fattah al-Sisi to upgrade the sea port’s status as part of the broader scheme to develop the Suez Canal region, SCA chief Mohab Mamish said. The joint venture will be responsible for installing a new harbor parallel to the current oil tanker harbor over a period of one year, Mamish said.
SCCT Prepares to Boost Vessel Traffic with 24-hour Access
A formal signing ceremony will now enable vessels to transit to Port Said East through a new side channel to be constructed bypassing the Suez Canal’s main entrance. Vice Admiral Mohab Mamish, the Head of the SCA, formally approved the construction of a new 9.5 km (5 mile) long, 17 meter (55 feet) deep and 250 meter (820 foot) wide access channel to Port Said East which will permit uninterrupted vessel traffic to the Suez Canal Container Terminal, one of the largest and busiest container facilities on the Mediterranean Sea.
Suez Canal Pacts with SCCT-Maersk
Chairman of the Suez Canal Authority (SCA), Vice Admiral Mohab Mamish, signed a settlement agreement with the Suez Canal Container Terminal (SCCT-Maersk), says Daily News Egypt. Egypt is also planing to complete a side channel in East Port Said, near the Suez Canal. The agreement came at the behest of Egyptian President Abdel Fattah Al-Sisi to resolve outstanding matters with the company, in order to begin the development of East Port Said Port within the general outline of the canal development project.
Singapore to Develop Maritime Ports in Egypt
The Maritime Sector of the Egyptian Ministry of Transportation signed a Memorandum of Understanding (MoU) with the Port of Singapore Authority (PSA) as Singapore will operate and develop the Egyptian maritime ports, reports the Cairo Post. President Abdel Fattah El-Sisi received on Tuesday president of the PSA Tan Chong Meng in the presence of Suez Canal Authority Chairman Mohab Mamish and Minister of Transport Saad Al-Goyoushi. Presidential spokesman Alaa Youssef said the PSA chairman visit is part of President Sisi's follow-up of the outcome of his visit to Singapore in September.
New Suez Canal Ready for Business
Suez Canal Authority (SCA) chairman Mohab Mamish officially called on international maritime navigation lines to use the New Suez Canal, scheduled to be inaugurated August 6. Dubbed the Suez Canal Axis, the new 72-kilometre (45-mile) section built by the Egyptian army is aimed at speeding up traffic along the existing waterway by reducing the waiting period, as well as boosting revenues. Mamish assured the new canal is safe and well-prepared to receive the crossing ships. He added that with the new Suez Canal project inaugurated in August 6, vessels traffic in the waterway will be the fastest all over the world. Preparations for the inaugural ceremony were in full swing in Ismailiya amid a widespread campaign to clean the city, an AFP correspondent reported.
New Suez Canal Almost 84 Pct Complete
Over 216 million cubic meters of water-saturated sand have been removed so far as part of the Suez Canal Development Project, said Head of the Suez Canal Authority Mohab Mamish. This represents about 84 percent of the total cubic meters that should be dredged as part of the project, Mamish added. Thirty-eight dredgers are working in the project, said Wagdi Zaki, the executive director supervising the dredging process, in statements on Thursday 11/06/2015. The expansion project will pave the way for a transit of ships of up to 20 meters in draft…
62.9% of Dredging at New Suez Canal Finalized
Up to 157.260 million cubic meters of water-saturated sand have been dredged so far as part of the Suez Canal Development Project, said executive director supervising the dredging process Wagdi Zaki, according to a statement by Egypt State Information Service (SIS). This represents 62.9 percent of a total 250 million cubic meters that should be dredged as part of the project, he added in statements Thursday 30/04/2015. As many as 37 dredgers are working in the project, Zaki noted. Mamish said 98 percent of dry digging was accomplished and 227 million cubic meters of sand were lifted.
Suez Canal Dredging to Complete in July
Egypt's Suez Canal Authority has confirmed its massive expansion of the Suez Canal is on schedule and that dredging will be completed in July. According to a state government communiqué, Head of the Suez Canal Authority Mohab Mamish said that the coming period of the New Suez Canal will witness challenges more than the previous stage. He added that the coming days will prove that the Suez Canal can cope up with such challenges and that Egyptians are able to make a new history. Mamish noted that preparations are underway for the inauguration ceremony of the New Suez Canal.
Suez August Revenue Tops Record
Revenues from Egypt's Suez Canal reached $508 million in August, the highest monthly level in history, Suez Canal Authority Chairman Mohab Mamish said on Wednesday. The official Mena news agency quoted Mamish as saying that 2014 was set to be a record year for revenues from the waterway, the fastest shipping route between Europe and Asia. Official revenue figures for August have yet to be published. The Suez Canal, for which a major expansion is planned, is one of Egypt's main sources of foreign currency. Reporting by Lin Noueihed and Omar Fahmy
Suez Canal Sees Transits Surge
The traffic in the Suez Canal witnessed a remarkable increase in number of transit and tonnage during the first half of August compared to the first half of the current year. The daily average number of transit registered 47.3 vessel, while the daily average tonnage was 2.64 metric tons, compared to 44.3 vessel and 2.45 metric tons during the first half of the current year respectively. The SCA said it would like to affirm that it is keen to provide the best attainable service…