Search results for: Suez Canal Authority

163 results

A list of search results

  • 3 October 2017
    Business & Finance, Equipment, Technology, Vessels

    The Egyptian Suez Canal Authority (SCA) has signed a contract with Royal IHC for the design and construction of two custom-built 29,190kW heavy-duty rock cutter suction dredgers (CSDs). The vessels will have an overall length of 147.4 meters and provide a maximum dredging depth of 35 meters. In addition, they will offer accommodation facilities for […]

  • 17 March 2015
    Business & Finance

    The Suez Canal Authority is currently in negotiations with local banks for a bridge loan of $450 million, Egyptian financial daily Al-Mal reported yesterday. The head of Suez Canal Authority Muhab Mamish told the newspaper that the funds would be allocated to pay the firms that will dig the new extensions to the canal. The loan would […]

  • 22 February 2016
    Business & Finance

    Heavy security measures have been adopted in Port Said ahead of the opening of the East Port Said Canal, scheduled for Wednesday, February 24, 2016. The canal opening ceremony will be attended by Prime Minister Sherif Ismail, Chairman of the Suez Canal Authority Mohab Mamish and several ministers, governors and ambassadors. In statements to the […]

  • 12 October 2015
    Business & Finance, Project & Tenders

    National Marine Dredging Company (NMDC) of Abu Dhabi, has just released a video about its involvement in the News Suez Canal project. The giant project involved the creation of a new Suez Canal parallel to the current channel of a total length of 34 kilometers, led by the Suez Canal Authority (SCA). Approximately 460 million […]

  • 7 August 2015
    Business & Finance

    The Suez Canal Container Terminal (SCCT), located east of the northern entrance of the Suez Canal, at the convergence of the continents of Africa, Asia and Europe, is preparing for an even larger role in global trade as the expansion of the man-made waterway linking the Mediterranean and Red Seas enables increased vessel traffic. Four […]

  • 7 August 2015
    Business & Finance, Vessels

    As the largest customer of the Suez Canal with more than 1,400 transits in 2014, the Maersk Group has welcomed the expansion of the Suez Canal and the advantages it entails. Egypt has all through the 20th and 21st century acted as the bridge between Europe and Asia thereby enabling global trade and growth. From […]

  • 3 August 2015
    Business & Finance, Equipment, Technology

    On Thursday, 6 August,2015, the Dredging International (75%) and Great Lakes Dredge & Dock Company (25%) consortium will participate in the opening festivities of the modernized Suez Canal in Egypt. Thanks to the widening and deepening of the canal, the waiting time on the navigation route has been halved. It is the fourth time since […]

  • 3 August 2015
    Business & Finance

    Egypt will inaugurate this week a major expansion of the Suez Canal, completed in a third of the originally estimated time. This expansion program adds 35 kilometers of new channels, in addition to 37 kilometers of existing waterways that were dredged to allow larger vessels to pass. The Suez Canal Authority stated that 258 million […]

  • 29 July 2015
    Business & Finance, Project & Tenders

    There are only eight days are left before the opening of the New Suez Canal. Official unveiling ceremony of the new waterway, also known as the Suez Canal Corridor, will be held on the banks of the New Canal on August 6th where Egyptian President Abdel Fattah El-Sisi will be joined by world leaders to witness the first ships traveling simultaneously […]

  • 27 July 2015
    Business & Finance, Project & Tenders

    The first test run of the New Suez Canal was performed successfully on Saturday, July 25th, bringing this iconic project one step closer to completion. In total, six different size boxships successfully navigated the new waterway, proving its readiness for full-fledged operations. The trial run is an important milestone before the official inauguration of the New Canal, on Thursday, August 6, 2015. […]

  • 22 July 2015
    Business & Finance, Project & Tenders

    The first trial run of the New Suez Canal has been set for Saturday, July 25, 11 days before the official inauguration of the new waterway.  According to the Mohamed Sakr, the head of navigational management department at the Suez Canal Authority, different size ships will participate in the trial of the new canal. Chairman of the Suez Canal Authority […]

  • 29 June 2015
    Business & Finance, Equipment, Technology, Vessels

    The State Information Service said that about 232.800 million cubic meters of water-saturated sand has been dredged so far as part of the Suez Canal Development Project. This represents 90.6 percent of a total 258 million cubic meters that should be dredged, the Head of the Suez Canal Authority, Mohab Mamish, said. The inauguration ceremony of the new waterway is […]

  • 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 […]

  • 24 June 2015
    Business & Finance

    Inchcape Shipping Services (ISS) is advising on current Suez convoy information ahead of the new Suez Canal’s inauguration on 6 August 2015. The new Suez canal measures from 60 kilometers in length to 95 kilometers in length, while the project also involves deepening and widening the Great Bitter Lakes and Ballah bypass to a total […]

  • 24 June 2015
    Business & Finance, Equipment, Technology

    The Non-Governmental Organization (NGO), Dredging Suez Canal, has just posted on its official facebook page the latest photos from the New Suez Canal dredging project. About 228 million cubic meters of water-saturated sand has been dredged so far, Head of the Suez Canal Authority (SCA), Mohab Mamish, said two days ago. This amount represents 88.47% of […]

  • 19 June 2015
    Business & Finance

    Egyptian President Abdel Fattah El Sisi held a meeting with head of the Suez Canal Authority (SCA) Mohab Mamish on Thursday to discuss updates on the New Suez Canal project and other annexed projects. During the meeting, President Sisi directed the SCA to upgrade the East Port Said harbor and a nearby industrial and logistic zone, […]

  • 12 June 2015
    Business & Finance, Project & Tenders

    The finish of the New Suez Canal dredging project is in sight. This mega-project, to dredge more than a million cubic meters of sand a day, is unprecedented in terms of speed, manpower and equipment being used for the works. According to the latest figures from the Suez Canal Authority, approximately 216 million cubic meters of material has […]

  • 10 June 2015
    Business & Finance, Equipment, Technology, Vessels

    About 214 million cubic meters of water-saturated sand have been removed so far from the New Suez Canal project, according to the head of the Suez Canal Authority, Mohab Mamish. This figure represents almost 82.7 pct of the targeted 258 million cubic meters, Mamish said. The executive director of dredging works at the project, Wagdi […]

  • 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 […]

  • 29 May 2015
    Business & Finance, Project & Tenders

    Works on the New Suez Canal are entering the final phase with over 40 dredgers working on the project at the moment. According to the Suez Canal Authority, all dredging works on the New Canal need to be completed by the end of June, after which the experimental operation will start. The vessels working on the project […]

  • 26 May 2015
    Business & Finance, Project & Tenders

    Van Oord’s trailing suction hopper dredger “Utrecht”, the first addition to the dredging fleet already working on the New Suez Canal, arrived this morning in Suez. The second trailing suction hopper dredger owned by the Dutch dredging contractor Royal Boskalis Westminster N.V., the “Oranje” is expected at the site on June 12. With these two […]

  • 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 […]

  • 27 April 2015
    Business & Finance, Equipment, Technology, Vessels

    Fifty kilometers to the south of Port Said on the Mediterranean Sea, a new waterway is being excavated parallel to the existing canal.  This program is part of the Suez Canal mega project, which includes the development of several seaports in the three governorates bordering the canal, Suez, Ismailia and Port Said, in addition to […]

  • 24 April 2015
    Business & Finance

    The New Suez Canal will be equipped with the most modern seamarks and buoys to achieve the highest level of navigational safety to passing ships, Chairman of the Suez Canal Authority Mohab Mamish said. During a meeting with visiting UAE State Minister Sultan al Jaber and his accompanying delegation, Mamish said 110 buoys will be […]

  • 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. […]

  • 17 April 2015
    Business & Finance, Equipment, Technology, Vessels

    The Non-Governmental Organization (NGO), Dredging Suez Canal, has posted on its official facebook page the latest photos of the New Suez Canal dredging program.  The project was launched by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sisi on 5 August 2014. This program is part […]

  • 14 April 2015
    Business & Finance, Equipment, Technology

    Dragflow has supplied two high head dredging pumps (HY85B) with two excavators (EXHY20) for one of the biggest contractors working in the tunneling part of the Suez Canal Development Project. These pumps will work at 44 m depth. This capital project will involve the construction of a tunnel south of  Port Said under the Suez […]

  • 13 April 2015
    Business & Finance, Equipment, Technology, Vessels

    Construction works on a multi-billion dollar New Suez Canal project, which will expand the existing Suez Canal, are in full swing. Head of the Suez Canal Authority Mohab Mamish said that the preparations for the inauguration ceremony of the New Suez Canal are currently underway and the dredging works on the new waterway scheme will be finalized before the […]

  • 10 April 2015
    Business & Finance, Equipment, Technology

    Kiasma, a company involved in research and development of thermoplastic material (HDPE), has been selected as a supplier of the discharge floating pipes for the New Suez Canal Project. The HDPE pipes that will be used for dredging of the Suez Canal have been produced by Kiasma in cooperation with Deriplast (K & D Dredging). Suez Canal Authority (SCA) […]