Tag: Egypt

DNV and the Egyptian General Petroleum Corporation (EGPC) signed a Memorandum of Understanding (MoU) yesterday to support their efforts to set science-based targets for their net zero goals.

Hutchison Ports, global port operator, announced a significant investment in Egypt's major port, Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria, earlier today.

Bahri, the national shipping company of the Kingdom of Saudi Arabia, has signed a non-binding renewable six-month agreement with the Suez Canal Authority with the view to create a joint Egyptian shareholding company to offer maritime transportation services in the Egyptian market.

Hapag-Lloyd will build a new transshipment terminal with an annual handling capacity of 3.3 million TEU in Damietta, Egypt.

Gard informed that its local correspondent in Egypt, El Hamamsy Marine Services, reported an increase in cases where seafarers have been detained for carrying prohibited items, such as drones and other “suspicious” electronic devices, in their luggage when embarking or disembarking ships in the country.

The crude oil tanker "Affinity V" ran aground in the Suez Canal on August 31, backing up maritime traffic, according to local media and analysis of the ship's location in vessel tracking software. The vessel has now been released and is back on course.

After the Suez Canal Economic Zone (SCZONE) signed six memoranda of understanding for investments worth US$ 10 billion for green hydrogen and green ammonia projects, Rystad Energy noted that Egypt has all the prerequisites to become a green hydrogen giant.

On April 20th, Egyptian Prime Minister Dr. Mostafa Madbouly witnessed the signing ceremony for two memoranda of understanding for projects – one of which aims to produce green fuel for bunkering in the Suez Canal Economic Zone (SCEZ).

Maersk signed a Memorandum of Understanding (MoU) with Egypt, in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping.

Egypt's Suez Canal will reduce rebates on canal tolls for liquefied natural gas carriers from Jan. 1 till June 30 2022.