Egypt plans Suez Canal expansion after vessel was grounded
Egypt on Tuesday announced plans to widen and deepen the southern part of the Suez Canal where a hulking vessel ran aground and closed off the crucial waterway in March. Continue Reading
Egypt Restarts Major LNG Project On Rising Demand
In the late 90s of the previous century and early years of this century, Egypt in collaboration with international partners started the development of its LNG sector. This resulted in Continue Reading
OPEC Fund Helps Finance Egypt’s Largest Private Solar Plant
OPEC’s Fund for International Development is among a group of development banks providing $114 million of loans to build the largest privately-owned solar plant in Egypt. ACWA Power’s 200-megawatt Kom Ombo Continue Reading
Egypt Seizes Suez Ship ‘Ever Given’ Pending $900 Million Compensation
Egypt seized the giant container vessel that blocked the Suez Canal last month as part of an effort to get more than $900 million in compensation. The court in the Continue Reading
Egypt in Talks on Suez Canal Ship Ever Given’s Rescue Compensation
Egypt is still in talks about compensation stemming from the operations to free the giant container ship whose stranding in the Suez Canal for nearly a week roiled global cargo Continue Reading
Maersk warns real work to clear Suez backlog has only just begun
Maersk has warned that customers should not expect a quick return to normal services after the Suez Canal blockage, which the world’s largest shipping company predicts will keep disrupting global Continue Reading
Suez Canal Has Reopened, but Ever Given Isn’t Free to Go
Egypt won’t release the massive container ship that blocked the Suez Canal for nearly a week in March until its owners agree to pay as much as a billion dollars in Continue Reading
Egypt, Ethiopia Tensions Escalate as Nile Dam Talks Falter
Tensions are rising between Egypt and Ethiopia as Addis Ababa moves closer to diverting water to a massive hydroelectric project on the Nile that has been a center of a decade-long dispute Continue Reading
Suez Canal shipping backlog ends, days after giant vessel freed
All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that Continue Reading
Egypt Suez Canal Authority May Seek $1Bln ‘Ever Given’ Ship Crisis Compensation – Bloomberg
Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. The figure is a Continue Reading