Tag: Suez

Maersk, Suez Canal Sign $500m Port Development Deal
August 17, 2022 No Responses

Maersk, Suez Canal Sign $500m Port Development Deal

A.P. Moller – Maersk and the Suez Canal Authority (SCA) have signed a $500 million deal for the development of the Suez Canal Container Terminal (SCCT) in East Port Said. The investment includes a new 1,000-meter container berth adjacent to...
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Last Group Of Stranded Ships To Cross Suez Canal
April 4, 2021 No Responses

Last Group Of Stranded Ships To Cross Suez Canal

The last group of ships, stranded due to the grounding of the massive container ship Ever Given in the Suez Canal, were scheduled to  cross the waterway on Saturday.  In a statement, Chairman of the Suez Canal Authority (SCA), Osama Rabie,...
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Egypt Seeks $1b Compensation For Suez Blockage
April 3, 2021 No Responses

Egypt Seeks $1b Compensation For Suez Blockage

Egypt will ask for over $1 billion in compensation for damages caused by the grounding of Evergreen and the resulting blockage of the Suez Canal last week, Reuters reports citing Suez Canal Authority (SCA) Chairman Osama Rabie as saying to local...
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