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,…
Browsing Tag
Red Sea
Saudi pipeline outage threatens global oil supply
Saudi Arabia could run out of oil stocks for export within days if it fails to restart its major East-West pipeline…
Egypt, China call for coastal states to lead Red Sea security
Egypt and China said on Wednesday that Red Sea security and governance should primarily be the responsibility of…
Oil prices rise on Thursday
Oil prices edged higher on Thursday as investors remained cautious over the outcome of Iran-Oman talks on restoring…
Oil prices ease on Tuesday
Oil prices edged lower on Tuesday, hovering near one-week lows as hopes for a diplomatic resolution between the…
Oil prices slide over 6% on Monday
Oil prices fell more than 6 per cent on Monday after the United States and Iran paused military strikes over the…
Egypt’s Sokhna Trans Cargo terminal handles first vessels after commercial launch
Egypt's Trans Cargo general cargo terminal at Sokhna Port received its first commercial vessels on Sunday after…
Saudi Arabia weighs East-West oil pipeline expansion
Saudi Arabia is considering expanding the capacity of its East-West crude oil pipeline to the Red Sea coast,…
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, UAE firms discuss expanding petroleum investments
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, discussed on Tuesday plans to expand UAE…
Egypt, Alcazar Energy sign $420 mln agreement for 580 MW Gabal El Zeit wind farm
Egypt signed on Monday development, operation, and power purchase agreements for the 580-megawatt Gabal El-Zeit…
Sisi meets CMA-CGM chief at Africa-France Summit
Egyptian President Abdel Fattah El-Sisi met Rodolphe Saadé, Chairman of French shipping group CMA CGM, on Tuesday…
Egypt revives energy investments as partner arrears fall
Egypt’s energy sector is regaining momentum after efforts to resolve partner arrears and introduce investment…
Chevron is investing $60 million in Egypt offshore drilling – Cabinet
Chevron is investing $60 million in offshore drilling activities in Egypt’s Mediterranean waters as part of its…
Egypt signs Red Sea exploration deals with BP, SLB
Egypt signed agreements on Monday to boost oil and gas exploration in the Red Sea, the petroleum ministry said, as…
Egypt reasserts water rights, Red Sea authority at African Union summit
Egypt’s Foreign Minister Badr Abdel-Atty on Sunday reinforced the country’s longstanding positions on water access…
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 receives first €1bn tranche of EU MFA support
Egypt received €1 billion in macro financial assistance from the European Commission on Thursday, marking the first…
Egypt’s Suez Canal traffic boosted as CMA CGM, Maersk ships resume voyages
Egypt’s Suez Canal saw the passage of the giant container ship CMA CGM JACQUES SAADE for the first time in two…
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…
Maersk to resume Suez Canal transits in early December after strategic deal
A.P. Moller-Maersk will begin sending container vessels through the Suez Canal again in early December under a…
Egypt’s Suez Canal sees return of ultra-large ships
The giant container ship CMA CGM JULES VERNE successfully transited Egypt’s Suez Canal on Saturday, marking the…
Maersk considers full return to Suez Canal operations amid improved Red Sea conditions
Maersk is considering a full-scale resumption of transits through the Suez Canal and Bab el-Mandeb, citing their…
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…
Egypt invites Chevron to join Red Sea bid round
Egypt’s Petroleum Minister Karim Badawy discussed expanding Chevron’s investments in the country, particularly in…
Egypt discusses new cooperation with Pharos Energy
Egypt’s Minister of Petroleum Karim Badawy met with Katherine Roe, CEO of Pharos Energy, on Tuesday to discuss…
Egypt explores new gas, carbon reduction partnerships with Norway’s Equinor
Egypt’s Minister of Petroleum Karim Badawiy met with Jose Frey-Martinez, Senior Vice President of Exploration at…
Egypt, Woodside Energy discuss expanding Red Sea, Mediterranean investments
Egypt’s Minister of Petroleum Karim Badawy met with Terry Gebhardt, Vice President for Exploration and Production…
Egypt, Chevron discuss new gas exploration areas at World Energies Summit
Egypt’s Minister of Petroleum Karim Badawy met with Chris Powers, Global Exploration, Commercial, and Portfolio…
Egypt to launch new global oil, gas bid round in Red Sea soon – minister
Egypt will soon launch a new international bid round for oil and gas exploration in the Red Sea, Minister of…
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…
Giant cruise ship AROYA transits Suez Canal, third passage in a year
Egypt’s Suez Canal witnessed today the passage of the giant cruise ship AROYA as part of the North convoy, coming…
Egypt’s Madbouly: North Coast poised for wave of mega projects
Egypt will announce a wave of large-scale investments on its Mediterranean North Coast to turn the area into a…
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…
Egypt, AMEA Power review progress on landmark battery storage projects
Egypt's Minister of Electricity and Renewable Energy Mahmoud Esmat held a meeting AMEA Power chairman Hussain Al…
Egypt opens 8 new WE Applied Technology Schools
Egypt has opened eight new WE Schools for Applied Technology for the 2025/2026 academic year, expanding the…
Egypt’s Suez Canal welcomes CMA CGM ZEPHYR
Egypt’s Suez Canal witnessed the passage of the CMA CGM ZEPHYR container ship on its southbound journey through the…
Egypt seeks deeper energy ties with Schlumberger
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Schlumberger’s Regional President Jesus…
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),…