Shipping

Egypt’s financial bodies to fund expansion of Suez Canal

nationalbank-intldevlaworg-flickrThe governor of the Central Bank of Egypt (CBE) has announced that the country has raised US$8.5bn for the expansion of the Suez Canal

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Chinese vessel inaugurates new Asia-Europe shipping route

csclmercury-gulftainerThe CSCL Mercury has completed its maiden journey of the new joint service between China Shipping Container Lines (CSCL) and United Arab Shipping Line (UASL) after docking at the Khorfakkan Container Terminal (KCT) in eastern UAE

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Egypt to build new US$4 billion canal parallel to Suez Canal

SuezCanal-DanielCsorfoly-wikimediaEgypt plans to construct a new canal parallel to the Suez Canal costing US$4bn, in a bid to expand trade along the shipping route between Europe and Asia

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OICT shifts operations to new terminal from Sohar Port in Oman

port-ed-flickrOman International Container Terminal (OICT) has shifted its quayside cranes and container handling equipment from Sohar Port to the new Terminal C

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ADPC boats to be classified by TASNEEF

tugbpat Extra Zebra flickrAbu Dhabi Ports Company (ADPC) has moved its fleet of tug boats to UAE's classification society TASNEEF, becoming the first UAE company to do so

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