Egypt Archives - The Loadstar Making sense of the supply chain Mon, 04 Nov 2024 14:00:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 Egypt claims Houthi attacks have cost its economy $6bn in lost Suez revenue https://theloadstar.com/red-sea/ https://theloadstar.com/red-sea/#respond Mon, 04 Nov 2024 13:58:04 +0000 https://theloadstar.com/?p=284206 Egypt has suffered a $6bn hit from the Red Sea crisis and drop in Suez Canal transits, a minister has told the IMO – but Yemen’s Houthis have vowed to continue their attacks.
Yahya Sarea, a Houthi spokesperson claimed in a weekend televised address that Israel-linked maritime businesses were seeking to change ownership, but the group would not recognise any changes and would continue to attack vessels going to, coming from, ...

The post Egypt claims Houthi attacks have cost its economy $6bn in lost Suez revenue appeared first on The Loadstar.

]]> https://theloadstar.com/red-sea/feed/ 0 284206 Hapag-Lloyd boosts terminal network with new Damietta hub https://theloadstar.com/hapag-lloyd-boosts-terminal-network-with-new-damietta-hub/ https://theloadstar.com/hapag-lloyd-boosts-terminal-network-with-new-damietta-hub/#respond Wed, 11 May 2022 13:02:56 +0000 https://theloadstar.com/?p=209130 Hapag-Lloyd is set to grow its nascent terminal network, signing a deal with the Egyptian government and German terminal operator Eurogate to develop a new facility in the port of Damietta.
Damietta’s new Terminal 2 will have an annual handling capacity of 3.3m teu, with its first phase scheduled to open in 2024, slated to become Hapag-Lloyd and its THE Alliance partners’ prime east Mediterranean transhipment hub.
According to the eeSea liner ...

The post Hapag-Lloyd boosts terminal network with new Damietta hub appeared first on The Loadstar.

]]> https://theloadstar.com/hapag-lloyd-boosts-terminal-network-with-new-damietta-hub/feed/ 0 209130 Egypt expands customs handling via blockchain and goes multimodal https://theloadstar.com/egypt-expands-customs-handling-via-blockchain-and-goes-multimodal/ https://theloadstar.com/egypt-expands-customs-handling-via-blockchain-and-goes-multimodal/#respond Tue, 08 Mar 2022 14:14:38 +0000 https://theloadstar.com/?p=201701 Following the launch of its National Single Window for Foreign Trade Facilitation (NAFEZA) last year, Egypt’s 80% state-owned company, Misr Technology Services (MTS), has extended its agreement with CargoX to provide Ethereum blockchain services for the next five years.
Ethereum is a decentralised, open-source blockchain with smart contract functionality. Since making the use of  NAFEZA  mandatory in Egyptian ports last year, the transfer system has handled over 1.1 million trade and finance documents ...

The post Egypt expands customs handling via blockchain and goes multimodal appeared first on The Loadstar.

]]> https://theloadstar.com/egypt-expands-customs-handling-via-blockchain-and-goes-multimodal/feed/ 0 201701 Sudan export highway blockaded by protests stoked by trade woes https://theloadstar.com/sudan-export-highway-blockaded-by-protests-stoked-by-trade-woes/ https://theloadstar.com/sudan-export-highway-blockaded-by-protests-stoked-by-trade-woes/#respond Mon, 14 Feb 2022 13:50:53 +0000 https://theloadstar.com/?p=198939 A major export route out of Sudan into Egypt has been blocked by protesters, causing delays for hundreds of trucks. At the end of January, some 1,500 drivers were stuck as they tried to return to Egypt, reports Dryad Global – and they are still there. Egyptian truckers dominate transport in Sudan, complain traders, while restrictions are hampering livestock exports, especially camels. Livestock and meat is Sudan’s second-biggest export, after gold.

The post Sudan export highway blockaded by protests stoked by trade woes appeared first on The Loadstar.

]]> https://theloadstar.com/sudan-export-highway-blockaded-by-protests-stoked-by-trade-woes/feed/ 0 198939 Egypt authorizes CargoX as the blockchain document transfer gateway for the Advance Cargo Information System https://theloadstar.com/egypt-authorizes-cargox-as-the-blockchain-document-transfer-gateway-for-the-advance-cargo-information-system/ https://theloadstar.com/egypt-authorizes-cargox-as-the-blockchain-document-transfer-gateway-for-the-advance-cargo-information-system/#respond Wed, 21 Apr 2021 09:54:20 +0000 https://theloadstar.com/?p=164158 The Government of Egypt, through its Egyptian Customs Authorities, has made mandatory Advance Cargo Information (ACI) declarations with its new Egyptian Customs law #207 for all cargo inbound to Egypt starting on 1 July 2021. The process is managed through the National Single Window for Foreign Trade platform  (NAFEZA), built by Misr Technology Systems (MTS), and CargoX is authorized as the blockchain document transfer gateway service provider.

The post Egypt authorizes CargoX as the blockchain document transfer gateway for the Advance Cargo Information System appeared first on The Loadstar.

]]> https://theloadstar.com/egypt-authorizes-cargox-as-the-blockchain-document-transfer-gateway-for-the-advance-cargo-information-system/feed/ 0 164158 CMA CGM to operate new box terminal at Egypt’s port of Alexandria https://theloadstar.com/cma-cgm-to-operate-new-box-terminal-at-egypts-port-of-alexandria/ https://theloadstar.com/cma-cgm-to-operate-new-box-terminal-at-egypts-port-of-alexandria/#respond Mon, 01 Feb 2021 14:48:03 +0000 https://theloadstar.com/?p=152156 As competition for Mediterranean container traffic heats up, CMA CGM is set to operate a new container terminal at Egypt’s port of Alexandria.
The French shipping group will manage the multipurpose, 1.5m teu capacity facility, Pier 55, with operations commencing next year.
It is the second major box terminal deal for Egypt in six months and follows Hutchison’s August deal to develop a $730m terminal at Abu Qir, just 20km away, with the ...

The post CMA CGM to operate new box terminal at Egypt’s port of Alexandria appeared first on The Loadstar.

]]> https://theloadstar.com/cma-cgm-to-operate-new-box-terminal-at-egypts-port-of-alexandria/feed/ 0 152156 Costs set to fall for Qatar Airways as Middle East blockade comes to an end https://theloadstar.com/costs-set-to-fall-for-qatar-airways-as-middle-east-blockade-comes-to-an-end/ https://theloadstar.com/costs-set-to-fall-for-qatar-airways-as-middle-east-blockade-comes-to-an-end/#respond Tue, 05 Jan 2021 14:30:52 +0000 https://theloadstar.com/?p=148131 Costs for shipping via Qatar could fall, following an agreement to end the blockade of the country by other Middle Eastern states.
Saudi Arabia, Bahrain, Egypt and the UAE introduced a land, sea and air blockade of Qatar in June 2017, accusing the country of supporting terrorist groups and working with Iran.
Today, a formal agreement is expected to be signed at the GCC meeting in Saudi Arabia, which reportedly led the ...

The post Costs set to fall for Qatar Airways as Middle East blockade comes to an end appeared first on The Loadstar.

]]> https://theloadstar.com/costs-set-to-fall-for-qatar-airways-as-middle-east-blockade-comes-to-an-end/feed/ 0 148131 Suez Canal greenlights ships using HFO and bans use of open-loop scrubbers https://theloadstar.com/suez-canal-greenlights-ships-using-hfo-and-bans-use-of-open-loop-scrubbers/ https://theloadstar.com/suez-canal-greenlights-ships-using-hfo-and-bans-use-of-open-loop-scrubbers/#respond Tue, 14 Jan 2020 14:40:11 +0000 https://theloadstar.com/?p=115393 Despite the recent introduction of  low-sulphur regulations, the Suez Canal Authority (SCA) will continue to allow ships transiting the waterway to burn heavy fuel oil (HFO) without the need for scrubbers.
Adding to the confusion for ship managers is a ban by the SCA on the discharge of wash water – used in the open-loop scrubber process – while vessels make the passage.
In effect, this means ships with scrubbers installed must ...

The post Suez Canal greenlights ships using HFO and bans use of open-loop scrubbers appeared first on The Loadstar.

]]> https://theloadstar.com/suez-canal-greenlights-ships-using-hfo-and-bans-use-of-open-loop-scrubbers/feed/ 0 115393 UAE partially lifts ban on Qatari shipping https://theloadstar.com/uae-partially-lifts-ban-on-qatari-shipping/ https://theloadstar.com/uae-partially-lifts-ban-on-qatari-shipping/#respond Fri, 22 Feb 2019 14:20:11 +0000 https://theloadstar.com/?p=92014 Is that a small sunbeam of optimism breaking through the clouds (metaphorical, of course) hanging over Middle East container supply chains? Authorities in Abu Dhabi have said that Qatari-bound goods, as well as Qatari exports, are now allowed to transit the United Arab Emirates container gateways, principally the huge transhipment hub of Dubai, and Abu Dhabi’s own emerging facilities at Khalifa. However, Maritime Executive also reports that the wider ban ...

The post UAE partially lifts ban on Qatari shipping appeared first on The Loadstar.

]]> https://theloadstar.com/uae-partially-lifts-ban-on-qatari-shipping/feed/ 0 92014 Agility to manage logistics for Carbon Holdings https://theloadstar.com/agility-to-manage-logistics-for-carbon-holdings/ https://theloadstar.com/agility-to-manage-logistics-for-carbon-holdings/#respond Thu, 24 Jan 2019 09:51:02 +0000 https://theloadstar.com/?p=89106 Agility Logistics has signed a memorandum of understanding to manage logistics at Carbon Holdings’ industrial facilities in Egypt, including construction of the new Tahrir Petrochemicals Complex (TPC).

The post Agility to manage logistics for Carbon Holdings appeared first on The Loadstar.

]]> https://theloadstar.com/agility-to-manage-logistics-for-carbon-holdings/feed/ 0 89106