Latest News for: Suez


Egyptian Suez Canal Economic Zone, SCATEC ASA ink USD1.1B valued MoU

MENA FN 04 Dec 2023
(MENAFN) In a noteworthy development, the Egyptian Suez Canal Economic Zone and SCATEC ASA have inked a significant memorandum of understanding (MoU) valued at USD1.1 billion. The primary objective ... .

Suez Canal and Scatec sign $1.1-B green methanol MoU

Hydrocarbon Processing 04 Dec 2023
Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding worth $1.1 B to supply ships with green fuel ....

SCZONE, Scatec ASA sign MoU on Ship Bunkering Worth $1.1 bn

Egypt Independent 04 Dec 2023
The Suez Canal Economic Zone (SCZONE), on Sunday 3/12/2023, signed a memorandum of Understanding (MoU) with the Norwegian company Scatec ASA on ship bunkering with green fuel in Eastport Said, with an investment cost of some 1.1 billion dollars ... ....

Maersk quietly settled its $44 million lawsuit against the companies behind the Ever Given, the ...

Business Insider 04 Dec 2023
A satellite image of the Ever Given grounded in the Suez Canal. Satellite image �2021 Maxar TechnologiesShipping giant Maersk has settled a case over the grounding of the Ever Given in the Suez Canal.The terms of the deal are unclear.Maersk says more than 50 of its ships were severely delayed by the blocking of the canal in 2021.

Suez Canal and Scatec sign $1.1 billion green methanol memorandum of understanding

Reuters 03 Dec 2023
CAIRO, Dec 3 (Reuters) - Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding (MoU) worth $1.1 billion to supply ships with green fuel, a Suez Canal statement said on Sunday ... Our Standards ... ....

SCZONE reviews investment opportunities for mega companies at COP28

Egypt Independent 03 Dec 2023
Chairman for the General Authority of Suez Canal Economic Zone (SCZONE) Walid Gamal al-Dein expounded the potential of the zone and investment incentives offered by its industrial zones, during a meeting with representatives of mega international companies operating in various domains ... ....

Maersk settles lawsuit over blockage Suez Canal in 2021

Fresh Plaza 02 Dec 2023
A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021 ... However, the event disrupted global shipping for months ... Source ... ....

The Great Suez Canal Renaissance

The Maritime Executive 01 Dec 2023
The route from Southeast Asia – particularly from India which now counts the US as its largest trading partner – is shorter and faster using the Suez Canal-Atlantic route. Furthermore, the Suez Canal can accommodate the large 24,000 TEU supercarriers built to realize economies of scale and lower costs.

Maersk Settles Lawsuit Over Ever Given's Suez Canal Shutdown

The Maritime Executive 01 Dec 2023
Maersk Group has decided to settle a lawsuit over the disruption caused by the grounding of the massive boxship Ever Given, which shut down the Suez Canal for six days in 2021 ... The Ever Given went aground in the Suez Canal on March 23, 2021, shortly after she entered the southern entrance.

Greek shipping giant warns Panama Canal chaos may hit Suez

The Economic Times 30 Nov 2023
A lack of rainfall has dried up a key lake at the Panama Canal, hobbling shipments through one of the world’s most important waterways ... .

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