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…
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Global Trade
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…