Latest News for: Suez


Icon News SUEZ wins three new water projects in Asia (Suez SA)

Public Technologies 20 Jun 2024
SUEZ wins three new water projects in Asia ... SUEZ, Société anonyme, a company incorporated under the laws of France, with a share capital of €63,757,000 ... SUEZ Media Team. SUEZ Asia ... ... About SUEZ ... X @suez / LinkedIn @SUEZ.

First LNG carrier heads for Red Sea-Suez route since mid-January

Upstream Online 19 Jun 2024
A Dubai-owned liquefied natural gas carrier has entered the Gulf of Aden en route for the ...

ENGINE: East of Suez Bunker Fuel Availability Outlook

Hellenic Shipping News Worldwide 18 Jun 2024
However, some can accommodate stems within seven days.

Suez Canal tries to gain back traffic by giving discounts

SAFETY4SEA 18 Jun 2024
Suez Canal revenues have experienced a significant decline this year, with May 2024 recording about $337.8 million, a steep drop from $648 million in May 2023, marking a 64.3% decrease, according to Al-Mal news.

Suez Canal revenue drops by almost half due to Red Sea crisis

Seatrade Maritime News 18 Jun 2024
The revenue of Egypt's Suez Canal has declined by almost half this year following attacks on shipping in the Red Sea by the Houthi which have seen many vessels divert via the Cape of Good Hope.

Suez Canal Authority Extends Discounts as Traffic and Revenues Plummet

The Maritime Executive 14 Jun 2024
It is now over six months since the Red Sea crisis began and as expected, Egypt’s Suez Canal has taken a hit with the economic impact now becoming clear.

Red Sea crisis pushing 47% crude oil, fuels around Africa

Gulf Business 13 Jun 2024
According to data provided by EIA, total US trade around the cape rose by about one-third, in the first six months of 2024 ... .

AD Ports Group signs five new concession agreements in Egypt

Arabian Business 13 Jun 2024
Three agreements to develop, operate and manage cruise terminals at Safaga, Hurghada and Sharm El Sheikh Ports, and two for Ro-Ro and Cruise Terminals in Sokhna Port ....

Industry stakeholders are not too optimistic about return to Suez transits

SAFETY4SEA 12 Jun 2024
Hapag-Lloyd does not expect the shipping industry to resume using the Suez Canal anytime soon, even if a ceasefire between Hamas and Israel is reached, Reuters reports ... The disruption in the Suez Canal ...

World Bank cites reduced Suez Canal traffic and tourism for 2.8% growth forecast for FY2023/2024

Egypt Today 12 Jun 2024
The World Bank (WB) expects Egypt’s growth for the current fiscal year (FY2023/2024) at 2.8 percent as reduced traffic through the Suez Canal and tourism’s slow recovery due to geopolitical conflict in the region.

Egypt Projects Sharp Increase in Tax Revenue Amid Austerity Measures

Egyptian Streets 12 Jun 2024
Revenue from the Suez Canal is also expected to jump, as the depreciation of the Egyptian pound to over 47 to the US dollar inflates the value of dollar-denominated canal tolls in domestic currency, ...