Search results for: New Suez Canal

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  • 30 January 2015
    Business & Finance

    Egypt launched the New Suez Canal project in August 2014. The construction was ordered by Egyptian President Abdel-Fattah al-Sisi to be completed in one year. The contract includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to simultaneously transit in two directions as well […]

  • 19 October 2014
    Business & Finance

                    Four Companies Compete for New Suez Canal Head of the Suez Canal Authority (SCA) Mohab Mamish recently held meetings with four consortiums that have submitted their proposals for the next phase of the New Suez Canal dredging project. Read More Unparalleled Success for Team Van Oord The […]

  • 25 June 2015
    Business & Finance, Equipment, Technology

    About 230.307 million cubic meters of water-saturated sand has been dredged so far as part of the Suez Canal Development Project, said Mohab Mamish, the Head of the Suez Canal Authority, two days ago. The figure represents 89.27 per cent of the targeted 258 million cubic meters. Wagdy Zaky, the dredging operations executive director, said that around 38 dredgers […]

  • 3 March 2015
    Business & Finance, Equipment, Technology

    The New Suez Canal project is currently under construction, and is scheduled to be completed in August this year. It will run parallel to the original Canal at a length of 72 km, allowing vessels to travel both ways along its length, cutting transit time from 20 to 11 hours. This giant scheme includes plans to develop logistics […]

  • 25 February 2015
    Business & Finance

    The New Suez Canal project is currently under construction, and is scheduled to be delivered next August. It will run parallel to the original Canal at a length of 72 km, allowing vessels to travel both ways along its length, cutting transit time from 20 to 11 hours. This giant scheme includes plans to develop logistics […]

  • 9 January 2015
    Business & Finance, Equipment, Technology

    The New Suez Canal dredging scheme is moving forward. This capital project, estimated to be worth over $2.1 billion, was inaugurated by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sisi on August 5th 2014. Some of the world’s top dredging companies are taking part in this […]

  • 22 February 2015
    Business & Finance, Project & Tenders

                    DEME: New Contracts Worth €1.6 Billion DEME, the Belgian dredging, hydraulic engineering and environmental solutions group, has secured a number of new contracts worldwide. The total value of these orders is approximately 1.6 billion EUR. Van Oord’s Dredger on Its Way to Kazakhstan  Wagenborg Nedlift BV, a […]

  • 4 May 2015
    Business & Finance

    Up to 157.260 million cubic meters of water-saturated sand have been dredged so far as part of the Suez Canal Development Project, said executive director supervising the dredging process Wagdi Zaki. This rate represents 62.9 percent of a total 250 million cubic meters that should be dredged as part of the program, he added. At […]

  • 19 August 2014
    Business & Finance, Equipment, Technology

    The new Suez Canal Development project will not affect the archaeological sites in Sinai and Suez Canal provinces, said Antiquities Minister Mamdouh el-Damaty. The area of the new project does not include any archaeological sites, he added during his visit on Sunday to Sharqiya province. The digging works were divided into 33 sectors and assigned […]

  • 7 August 2014
    Business & Finance, Equipment, Technology

    President Abdel Fatah Al Sisi said on Tuesday that Egyptian national companies that will be assigned with the Suez Canal development project will be working under the direct supervision of the Armed Forces. Sisi added that national security considerations were kept in mind while undertaking this project. He added that Egyptians are sensitive over financing […]

  • 18 August 2014
    Business & Finance, Equipment, Technology

    Eight million cubic meters have been dug in the New Suez Canal project so far, the Armed Forces said in a statement. “The digging pace will be increased after the rest of the digging equipment get into action,” the statement said. Forty-two companies and two battalions are taking part in the project, it indicated. The […]

  • 16 January 2015
    Business & Finance

    British Minister for the Middle East Tobias Ellwood has met Egyptian President Abdel Fattah el-Sisi. The meeting came at the end of a three-day British trade mission led by Mr Ellwood, which was the largest to Egypt in over ten years. The Minister arrived in Cairo last Monday leading the largest trade mission to Egypt, involving […]

  • 12 July 2015
    Business & Finance, Project & Tenders

                    New Suez Canal Nearing End With the recent arrival of Royal Boskalis’ trailing suction hopper dredger “Oranje” at the site, a total of 242.1 million cubic meters of sand has been dredged from the New Suez Canal so far.   Rohde Nielsen Nabs Tauranga Contract Rohde Nielsen, […]

  • 14 August 2014
    Business & Finance, Equipment, Technology

    Chairman of the Suez Canal Authority (SCA) and head of the executive council of the Suez Canal Corridor Project Mohab Mamish said that the name of the consortium that wins drawing up the Suez Canal Corridor Project’s blueprint would be announced within this week. He pointed out that the measures to choose that consortium were […]

  • 7 December 2014
    Business & Finance, Equipment, Project & Tenders, Technology

                    New Suez Canal Project on Right Track The Head of the Armed Forces Engineering Department and the supervisor of the New Suez Canal project, Major General Kamel Al-Wazir, said yesterday that the digging rate at the project reached 142 million cubic meters. VIDEO: World’s Biggest Marine Excavator at Work […]

  • 1 June 2016
    Business & Finance, Equipment, Technology, Vessels

    The International Association of Dredging Companies (IADC) has just released the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standards of professional conduct. IADC is the global umbrella organisation for contractors […]

  • 2 April 2015
    Business & Finance

    The New Suez Canal project is currently under construction and is scheduled to be completed in August this year. It will run parallel to the original Canal at a length of 72 km, allowing vessels to travel both ways along its length, cutting transit time from 20 to 11 hours. This giant scheme includes plans to develop logistics […]

  • 22 August 2014
    Business & Finance, Equipment, Technology

    Military Spokesman Brigadier Mohamed Samir yesterday said that 13.6 million cubic meters of material was excavated from the newly-launched Suez Canal project. In its statement, Samir noted that some 43 companies are now working at the project site and 5 companies are waiting to start work until necessary equipment arrives. He also said that the companies […]

  • 5 November 2014
    Business & Finance, Project & Tenders, Vessels

    The official commencement of the Suez Canal Expansion Dredging Contract is now one step closer with the arrival of the first Consortium dredger, the National Marine Dredging Company’s ‘Al Mirfa’.  Dignitaries from Egypt, United Arab Emirates, Netherlands and Belgium celebrated the arrival of the vessel. The Al Mirfa, mobilized to the project from the UAE, […]

  • 14 August 2014
    Business & Finance, Equipment, Technology

    The Armed Forces have already commenced carrying out the New Suez Canal Project. The digging works were divided into 33 sectors and assigned to specialized civil companies and two road divisions of the Armed Forces Engineering Authority. The project will boost Egypt’s economy and help speed up the movement of vessels through the 193 km […]

  • 21 September 2014
    Business & Finance

    Water Enters New Suez Canal Suez Canal Authority Chairman Mohab Mamish announced yesterday that water has entered the New Suez Canal waterway from the northern and southern entrances of the Canal. He added that this is a historical moment for the country. Read More   VIDEO: Dredging for Eko Atlantic City Off the coast of […]

  • 27 March 2015
    Business & Finance

    Suez Canal Authority head Mohab Mamish said that the Suez Canal expected revenues for the fiscal year 2014/2015 will exceed 40 billion pounds (about $5.2 billion). He told reporters after a Cabinet meeting on Wednesday that the revenues were affected recently because of shortage of foreign currencies but the revenues increased in the Egyptian pound. […]

  • 1 April 2015
    Business & Finance

    Egypt stands poised to take advantage of great advances in trade infrastructure; expanding the Suez Canal, developing its ports and revitalizing its core infrastructure through the creation of new economic and infrastructure developments. With tight deadlines and ambitious vision, these projects represent the biggest infrastructural changes Egypt has seen in modern times. As these projects […]

  • 6 August 2015
    Business & Finance

    Great Lakes Dredge & Dock Corporation said that it will participate in the events planned to celebrate the recent completion of the New Suez Canal Project in Egypt, which will allow two way traffic by creating a parallel channel alongside 70 kilometers of the existing Canal.  Great Lakes, along with its Consortium partner Dredging International […]

  • 20 April 2015
    Business & Finance

    The Non-Governmental Organization (NGO), Dredging Suez Canal, has posted on its official facebook page this very interesting photo from the New Suez Canal dredging program. Head of the Suez Canal Authority Mohab Mamish recently said that the dredging works on the new waterway scheme will be finalized in July 2015, one month before the deadline. […]

  • 5 June 2015
    Business & Finance, Project & Tenders

    The opening ceremony for Egypt’s New Suez Canal, scheduled to take place on August 6, will not be paid out of the State budget under directive of President Abdel Fattah El Sisi, Chairman of the Suez Canal Authority Mohab Mamish said. All dredging companies that are participating in the project were invited to contribute to the […]