National Bank of Egypt, along with three other banks will issue investment certificates to finance the expansion. (Image source: International Development Law Organisation/Flickr)
The 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
The new Asia-Europe route covers key ports in the two continents. (Image source: Gulftainer)
The 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
The Suez Canal generates revenue worth US$5bn every year. (Image source: DanielCSoforly/Wikimedia Commons)
Egypt 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
OICT officials seek to make Terminal C world class and hope it can cater to cargo exceeding its design capacity. (Image source: GlynLowe/Flickr)
Oman International Container Terminal (OICT) has shifted its quayside cranes and container handling equipment from Sohar Port to the new Terminal C
TASNEEF is the first classification authority in UAE and GCC, responsible for issuing certificates to vessels. (Image source: Extra Zebra/Flickr)
Abu Dhabi Ports Company (ADPC) has moved its fleet of tug boats to UAEs classification society TASNEEF, becoming the first UAE company to do so
