Major carriers gradually resume Suez Canal transits
Major shipping lines are gradually restoring services through Egypt’s Suez Canal, with several carriers increasing,…
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COSCO container ship makes first Suez Canal transit since Red Sea tensions
Egypt’s Suez Canal witnessed the first transit of the giant container ship OOCL PORTUGAL on Wednesday. The vessel,…
Egypt’s Sisi highlights global cooperation at BRICS Summit
Egyptian President Abdel Fattah El-Sisi participated on Sunday in the open session and working lunch for leaders of…
Egypt’s Suez Canal sees first transit of BANGKOK MAERSK
Egypt's Suez Canal witnessed on Saturday the first transit of the BANGKOK MAERSK container ship on Saturday as part…
Egypt discusses boosting maritime cooperation with Maersk
Egyptian Prime Minister Mostafa Madbouly discussed strengthening maritime transport and logistics cooperation with…
Maersk, Hapag-Lloyd return AE15 service to Suez Canal route
Maersk and Hapag-Lloyd have announced a structural return to the Suez Canal route for their AE15 service under the…
Egypt’s Suez Canal activity grows 23.6% in Q3 2025/26
Egypt’s Suez Canal activity grew 23.6 per cent in the third quarter of fiscal year 2025/26, making it the…
LNG-powered CMA CGM container ship transits Suez Canal on maiden voyage
The CMA CGM NOTRE DAME, one of the world's largest LNG-powered container ships, transited Egypt's Suez Canal on…
UAE to exit OPEC, OPEC+ on 1 May
The United Arab Emirates announced on Tuesday it will exit the Organisation of the Petroleum Exporting Countries…
Egypt’s Suez Canal operates normally with 56 ships transiting on 3 March – chairman
Egypt’s Suez Canal is operating normally in both directions, providing full 24-hour maritime services, the…
Largest Maersk container ship in two years sails through Suez Canal
Egypt’s Suez Canal Authority (SCA) said on Tuesday that the container ship ASTRID MAERSK completed its first…
Commodities tumble on Thursday
Commodity prices tumbled on Thursday, led by a near 15 per cent plunge in silver. At the same time, gold, crude…
EU, India finalise landmark trade deal
The European Union (EU) and India have finalised a long-awaited trade deal, aiming to double EU exports to India by…
Suez Canal shows strong recovery as shipping lines prepare to return – chairman
The Suez Canal Authority (SCA) reported significant growth in traffic and revenues in the first half of fiscal year…
Egypt achieves record agricultural exports in 2025
Egypt recorded an exceptional year for agricultural exports in 2025, shipping about 9.5 million tons of produce, up…
IMF delegation praises Suez Canal as key to global supply chains
A delegation from the International Monetary Fund (IMF) visited the Suez Canal on Monday, emphasising its strategic…
GREEN DOCK 3 successfully transits Suez Canal in 24-hour operation
The floating dock GREEN DOCK 3, towed by the tugboat Persistence and guided by four additional Suez Canal Authority…
Egypt’s Suez Canal traffic rises in July–October as regional calm returns –…
Navigation activity through Egypt’s Suez Canal improved between July and October 2025, with 4,405 vessels carrying…
US cuts China tariffs to 47%
The United States will cut tariffs on Chinese imports to 47 per cent from 57 per cent under a new agreement that…
Oil rebounds on Monday
Oil prices rebounded on Monday after hitting five-month lows, as hopes of potential U.S.-China talks eased market…
Suez Canal chief, Danish envoy discuss Maersk operations, port expansion
Egypt’s Suez Canal Authority (SCA) Chairman Osama Rabie met on Wednesday with Denmark’s Ambassador to Cairo Lars Bo…
Egypt maintains 4th position among top global frozen vegetable exporters
Egypt held its position as the world’s fourth-largest exporter of steamed, boiled or uncooked frozen vegetables in…
Egypt ranks 3rd globally in dried onion exports in 2024
Egypt became the world’s third-largest exporter of dried onions in 2024, shipping 22,000 tonnes worth $66 million…
Egypt’s FinMin backs global expansion of local pharma sector
Egypt’s Minister of Finance Ahmed Kouchouk highlighted the ministry’s commitment to supporting Egyptian…
Hapag-Lloyd cuts ’25 earnings forecast
Hapag-Lloyd reported a 3.1 per cent drop in first-half net income to €709 million ($829 million) and lowered the…
Maersk raises profit outlook
A.P. Moller-Maersk has raised its full-year profit forecast to between $8 billion and $9.5 billion, up from a…
Egypt ranks second globally in sugar beet pulp, bagasse exports: FEC
Egypt ranked second worldwide in exports of sugar beet pulp, bagasse and other sugar industry by-products in 2024,…
Egypt’s SCZONE, Panama explore cooperation in maritime transport, logistics
Egypt’s General Authority for Suez Canal Economic Zone (SCZONE) Chairman Waleid Gamal El Dien met on Tuesday with…
EU, US seal landmark trade deal with 15% tariff cap
The European Union and the United States have struck a sweeping trade agreement stabilising tariffs at a single 15…
UAE’s DP World to invest $800m in redeveloping Syria’s Tartus Port
DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to…
US tariffs harm both sides of Atlantic – von der Leyen
European Commission President Ursula von der Leyen warned on Saturday that a proposed 30 per cent tariff on…
Tokyo to sign grant deal for Suez Canal rescue ship in August – Japanese envoy
Japan will sign a grant agreement in August to fund a Diving Support Vessel for Egypt’s Suez Canal Authority (SCA),…
Suez Canal Authority, Thailand explore maritime, tourism cooperation
Suez Canal Authority (SCA) Chairman Osama Rabie met on Monday with Thai Ambassador to Cairo Thanawat Sirikul in…
Trump targets BRICS allies with 10% tariff threat
President Donald Trump warned that the US will impose an additional 10 per cent tariff on any country aligning with…
Fitch revises global shipping outlook to ‘Deteriorating’
Fitch Ratings downgraded its 2025 outlook for the global shipping sector to ‘deteriorating’ from ‘neutral’, citing…
European indices extend losses on trade, growth fears
European stock markets fell on Thursday for a fourth consecutive session, as fading hopes over trade deals with the…
US, China reach tentative trade framework
The US and China have agreed on a preliminary framework aimed at salvaging their fragile trade truce, lifting…
EU-Russia trade collapses amid sanctions push
Germany's imports of goods from Russia dropped by 95 per cent between 2021 and 2024, while exports to Russia fell…
US–China trade talks resume in London
Trade talks between top US and Chinese officials resumed in London on Tuesday, aiming to resolve tensions over…
S&P Global: Australia services PMI slows in May ’25
The seasonally adjusted S&P Global Australia Services PMI Business Activity Index remained above the 50.0…