New barge service for Suez Canal

In a fresh delivery round, ZPMC has dispatched cranes to SCCT in Egypt and SSA Marine MIT in Panama.

These considerations arise amidst a significant decline in revenue, attributed to shipping companies bypassing the Canal due to attacks by Houthi militants.

The Suez Canal Authority (SCA) will raise fees for ships transiting the canal by up to 15% from 15 January 2024.

While reporting a new monthly revenue record for January, the Suez Canal Authority (SCA) has denied press reports that an unnamed private company has signed a 99-year concession to begin managing the Canal

On 17 November, APM Terminals announced that it had signed a concession agreement with the Suez Canal Economic Zone (SCZONE) to expand Suez Canal Container Terminal (SCCT) at Port Said East

While ports in Morocco and Egypt continue to plan expansions, a rival in Algeria also has designs on the transhipment market.