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).
China's Cosco Shipping to Build Logistics Park in Egypt
Cosco Shipping, one of the largest shipbuilders in China has signed an agreement with TEDA Corporation of Egypt to build a 130,000 square meters logistics zone in the Suez Canal Economic Zone. Set in Ain Sokhna, the park aims to create 300 new jobs in Egypt while forwarding the Chinese government's Bely and Road Initiative which aims to make China a major logistics provider internationally. The industrial park will include a textiles compound, a company manufacturing motorbikes and a large center for logistics. The first phase of construction of the TEDA-Suez zone has already been completed and the General Authority of the Suez Canal Economic Zone has signed a contract worth $60 million with China Jushi, a Chinese fiberglass manufacturer.
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…
Louisiana LNG Project Gets Important Non-FTA Export Approval
Cameron LNG, one of the most advanced US LNG export projects, (promoted by GDF SUEZ as a shareholder and a capacity holder), has been granted conditional non-Free Trade Agreement (FTA) approval from the US Department of Energy (DOE). The Non-FTA agreement will enable GDF SUEZ to export LNG from the Cameron LNG project, in Louisiana, into countries that have not signed a FTA with the USA. GDF Suez inform that the project received FTA approval in January 2012. The Non-FTA approval will enable them to sell the LNG produced by the Cameron plant, to a much wider range of partners around the world.
GDF Suez Ships First LNG Delivery to Dubai
GDF Suez has delivered its first cargo in the LNG carrier 'BW GDF Suez Boston' to the Dubai Supply Authority's Jebel Ali Terminal . According to the compamy GDF SUEZ has enlarged its footprint in the Middle East as a major global LNG supplier with the delivery of its first LNG cargo to Dubai. The BW GDF Suez Boston unloaded its 138,000 cu.m capacity cargo to the United Arab Emirates’ sole LNG import terminal, offshore Dubai. Between 2010 and 2016, GDF Suez says it is planning to deliver about 10.8 million tons of LNG to major energy players in Asia (KOGAS, CNOOC, Petronas, Petronet, PTT and GAIL). GDF Suez is one of the few European utilities with the flexibility in its natural gas portfolio to direct volumes to these markets.
Current Convoy Information Ahead of New Suez Canal Opening
Inchcape Shipping Services (ISS), is advising on current Suez convoy information ahead of the new Suez Canal’s inauguration on 6 August 2015. The new Suez canal measures from 60 kilometres in length to 95 kilometres in length, while the project also involves deepening and widening the Great Bitter Lakes and Ballah bypass to a total length of 37 kilometres. On completion, the new Suez Canal will create a new parallel waterway to the existing one, increasing the doubled parts of the Suez Canal by 50 per cent.
88 Qatari Ships Carrying LNG Passed Suez Canal Last Year
Eighty-eight vessels from Qatar bearing cargoes of liquefied natural gas (LNG) used the Suez Canal in 2006. Of these, 74 were bound for Spain, six to France, five to Belgium and three to other destinations, according to Ahmed El Manakhly, Director of the Planning and Research Department at the Suez Canal Authority. With these vessels having a draft of around 40 feet, the Suez Canal would have more than adequate depth to allow them to pass through. Draft refers to a ship's minimum depth of water to float. The Suez Canal's draft is at 62 feet. In 2006, there were 287 LNG carrier trips via the Suez Canal, a number that will reportedly rise to 366, a combined capacity of 52.6m cubic metres by 2010. Tolls are collected on the basis of the size of the vessel.
SUEZ Announces Agreement With MarAd
SUEZ Energy North America's subsidiary, SUEZ LNG NA LLC announced an agreement with the U.S. Maritime Administration designed to begin generating employment opportunities for U.S. mariners onboard liquefied natural gas (LNG) vessels. The transport of LNG between countries to meet natural gas needs is a burgeoning international industry, with the international (privately owned) LNG shipping fleet growing at a rate of 15-20% a year. Today, all LNG ships worldwide are flagged under non-U.S. countries. SUEZ' ships, for example, are flagged primarily under Norway and Spain. As a result, there are no U.S.-licensed mariners on these vessels, and the U.S. shipping industry does not currently share in this growing job market.
Egypt on a War Footing to Expand Suez Canal
The Suez Canal Authority is in a race to quickly expand the vital waterway for two-way traffic by August 2015, says an Associate Press report. Workers dig round the clock on Suez Canal expansion, hoping for surge in East-West trade. President Abdel-Fattah el-Sissi has made the project a point of nationalist glory, not to mention a cornerstone of plans to revive the economy. But while shippers say more ships may be drawn by shorter waiting times, ambitions to nearly triple revenues depend mainly on growth in the world economy.
OCEAN ALLIANCE Sets Out Network
Members of the OCEAN ALLIANCE, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line, signed a document entitled the Day One Product, which sets out the proposed OCEAN ALLIANCE’s network, including port rotation for each service loop. The Day One network intends to deploy around 350 container vessels with an estimated total carrying capacity of 3.5 million TEUs to provide one of the most comprehensive service coverage in the market on the following trade lanes. The vessel deployment details for each service loop, will be released around end of this November.
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.
Trial Operation for New Suez Canal to Begin This Week
The CEO of the New Suez Canal’s dredging works Wagdy Zaki has said that all preparations have been made to start the trial operation for the New Suez Canal next Saturday. He also said that the head of Suez Canal Authority Gen Mohab Mamesh is following up the trial operation’s measures. The new Suez Canal shipping-route project will be completed before Saturday, according to Mohab Mamesh, head of the Canal Authority. On Sunday, 97.2 percent of the project was completed, Mamesh said. Up to 254.740 million cubic meters of water-saturated sand have been dredged so far, the report said.
Maersk Welcomes Suez Canal Expansion
As the largest customer of the Suez Canal with more than 1,400 transits in 2014, the Maersk Group welcomes the expansion of the Suez Canal and the advantages it entails. Egypt has all through the 20th and 21st century acted as the bridge between Europe and Asia thereby enabling global trade and growth. From 2004 to 2014, container volumes transported via the Suez Canal has grown around 70 percent and the expansion confirms the Suez Canal Authority’s continuous commitment to accommodating growth in trade. Maersk Group representative and CEO of Maersk Drilling, Claus V.
Suez, Petrobras Sign LNG Supply Deal
French energy company Suez and Brazil's federal energy company Petrobras (NYSE: PBR) have signed an LNG supply deal, a Suez spokesperson reportedly told BNamericas. Suez's Suez Global LNG division signed the deal, in which the volume and price Petrobras will pay for the LNG will vary, the spokesperson reportedly said. The LNG will come from different parts of the world. Petrobras will start operating its two floating LNG regasification units in Rio de Janeiro and Ceará states in May 2008. The first LNG supply vessel is due to arrive in Brazil in April 2008 and the second in April 2009. The two terminals have combined capacity of 21Mm3/d. [Source: http://www.bnamericas.com]
Suez Canal Sees $60M Turnover Increase In '99
The Suez Canal Authority (SCA) achieved an increase in turnover of $60 million in 1999 to a total of $1.8 billion, due mainly to toll discounts for long-distance ships. Chairman Ahmed Fadel said projects to transfer oil through pipelines, such as those in Russia, and also the SUMED oil pipeline, linking the Red Sea and the Mediterranean, "have definitely affected the amount of oil traveling through the Suez Canal". Fadel said the Suez Canal would increase its depth to between 70 and 72 feet by 2010 to accommodate modern ships with a loading capacity of 300,000 to 350,000 tons of cargo. The Suez Canal Authority (SCA) also announced that it will keep its transit fees unchanged in 2000 for the seventh year in a row, an SCA official said.
CMA CGM Ships Lead Procession in the Suez Canal
Worldwide shipping group CMA CGM informs that two of its containerships are leading a vessel procession that celebrates the inauguration of the newly expanded Suez Canal on Thursday, August 6. The two vessels at the head of the procession, CMA CGM Laperouse and CMA CGM Titan, sail as part of 11 of CMACGM’s main shipping lines transiting by the Suez Canal. Eight percent of the world’s commercial maritime traffic goes through the Suez Canal, which represents an average of one CMA CGM vessel transiting in each direction daily, the shipper said.
Suez Marks a Milestone at the Atlantic LNG Facility
Suez LNG announced that its liquefied natural gas (LNG) ship, Suez Matthew, had the honor of loading the 1000th cargo of LNG from the Atlantic LNG facility in Trinidad. calling on this critical LNG export facility. 1999. region receives its natural gas. import facility in Everett, Massachusetts. heating, industrial use, and electricity production. Everett Terminal has received more LNG shipments than any other U.S. terminal since its start-up in 1971.
SUEZ to Bring U.S. Crew on Board
SUEZ LNG NA LLC (SUEZ) announced that the LNG ship SUEZ Matthew has become the first liquefied natural gas(LNG) vessel in recent history calling on United States ports to begin utilizing U.S. mariners onboard. This development represents the early implementation of an agreement with MarAd to provide job opportunities for U.S. mariners on all SUEZ LNG NA vessels within the next five years. SUEZ was the first company in the industry to enter into an agreement with the MarAd in December 2006 to assist in fulfilling its desire to create opportunities for U.S. mariners in LNG shipping, where the international (privately owned) LNG shipping fleet is growing at a rate of 15-20% per year. Today, all LNG ships worldwide are flagged under non-U.S. countries.
Port Security Tightens
U.S. PORTS: Security measures have been imposed at ports around the United States. Masters should therefore be prepared for a more extensive security control of their vessel prior to calling at US ports. PANAMA CANAL: The Panama Canal Authority (PCA) has advised that security has been intensified but the transits remain unchanged. SUEZ CANAL: The Suez Canal Authority (SCA) confirmed on 12 September that Suez Canal movements are normal. Sources: Worms Services, Paris; C. Fernie & Co., S.A., Cristobal (Source: INTERTANKO News)
Various Ports Instill Security Measures
Security measures have been imposed at ports around the United States. As a result, Masters should therefore be prepared for a more extensive security control of their vessel prior to calling at U.S. ports: PANAMA CANAL: The Panama Canal Authority (PCA) has advised that security has been intensified but the transits remain unchanged. SUEZ CANAL: The Suez Canal Authority (SCA) confirmed on September 12 that Suez Canal movements are normal. Sources: Worms Services, Paris; C. Fernie & Co., S.A., Cristobal
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 LNG implements U.S. Citizen Crewing Agreement
SUEZ LNG, Massachusetts Maritime Academy (Academy), and the International Organization of Masters, Mates and Pilots (MM&P) announced an agreement to recruit, train, and supply U.S citizen mariners for service on the LNG tankers owned or chartered by SUEZ LNG. SUEZ LNG, in compliance with the deepwater port license agreement signed with Maritime Administrator, Sean T. Connaughton, will collaborate with both the Academy and the MM&P Union to train and employ U.S. citizen crew members on up to nine LNG vessels operating in the SUEZ fleet. As such, the MM&P Union will screen and provide resumes for mariners from 3rd Mate to Master and from 3rd Assistant Engineer to Chief Engineer.
Suez Canal: Better Service to the Shipping Industry
According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits, in strong competition with the expanding Panama Canal, rather than respond to the demand from oil tanker transits. On Tuesday, August 5, 2014, the Egyptian President Abdel Fattah el-Sisi unveiled the project, which is bound to be a multiyear, multibillion dollar one.