Search results for: canal

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  • 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 […]

  • 16 March 2015
    Business & Finance, Equipment, Technology, Vessels

    DEME, an international group of specialized companies in the field of capital and maintenance dredging, land reclamation, port infrastructure development, etc. has announced that their part of dredging works on the New Suez Canal are on schedule and 50% of the job is completed.  The completion of this capital development program is expected in August. The project […]

  • 16 March 2015
    Business & Finance, Equipment, Technology

    The New Suez Canal development scheme is progressing according to the plan, and is scheduled to be completed this August. The opening of the new waterway will almost double the Suez Canal capacity and is expected to increase annual revenues to $13.5 billion by 2023. The project was launched by the Chairman of the Suez Canal […]

  • 13 March 2015
    Business & Finance, Equipment, Technology

    The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks. The new locks will have three chambers, water-saving basins, lateral filling and emptying system and rolling gates.   After the expansion the […]

  • 9 March 2015
    Business & Finance, Equipment, Technology

    The Suez Canal dredging scheme comes as a part of the mega New Suez Canal project. Besides dredging, the project includes development of several seaports in the three governorates bordering the canal, Suez, Ismailia and Port Said. Also included in the project is a seaport in the South Sinai city of Nuweiba and the development […]

  • 9 March 2015
    Business & Finance, Equipment, Technology

    The Canal and River Trust has teamed up with the Berks, Bucks and Oxon Wildlife Trust to create a new wetland haven for amphibians and water-loving plants at a secluded lake beside the Oxford Canal. Part of the project is clearing openings in the reed beds using an amphibious harvester, known as a ‘Truxor’ that […]

  • 5 March 2015
    Business & Finance, Project & Tenders

    A consortium of environmental scientists has expressed strong concern about the impact of a controversial Central American canal across Nicaragua. The path of the Nicaragua Interoceanic Grand Canal to connect the Atlantic and Pacific oceans will cut through Lake Cocibolca (aka Lake Nicaragua), Central America’s main freshwater reservoir and the largest tropical freshwater lake of […]

  • 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 […]

  • 27 February 2015
    Business & Finance

    The New Suez Canal project is moving ahead according to plan, and is scheduled to be delivered next August. The opening of the new waterway will almost double the Suez Canal capacity and is expected to increase annual revenues to $13.5 billion by 2023. The project was launched by the Chairman of the Suez Canal […]

  • 26 February 2015
    Business & Finance

    The National Institute for Oceanography Sciences and Fisheries (NIOF) yesterday held a workshop, named “The Ecological Impact of the Suez Canal Development Project”. The symposium discussed the issues of movement of migrant species between the Red Sea and the Mediterranean through the Suez Canal and the possible ecological impact that would result from the development […]

  • 23 February 2015
    Business & Finance

    Egyptian President Abdel Fattah el-Sisi yesterday inspected the digging and dredging operations under the New Suez Canal project. The Chairman of the Suez Canal Authority, Mohab Mamish, hosted Sisi, briefing him about the progress being made on the project. They also discussed the outlines of the Suez development plans, including extension of east Port Said seaport […]

  • 20 February 2015
    Business & Finance

    The Canal and River Trust will rescue up to 300 lbs of fish from Caen Hill Locks in Devizes, before one of the lock pounds and side ponds is drained to allow vital repairs to take place. The team will use a technique called electrofishing, which involves using an electrical current to temporarily stop the […]

  • 19 February 2015
    Business & Finance

    The EU’s TEN-T Program will co-finance with over €2 million studies on the development of a cross-border canal linking The Seine in France and Scheldt (Escaut) rivers in Belgium. The canal is expected to facilitate the water transport between the Paris metropolitan area and the ports of Dunkerque, Antwerp and Rotterdam. The studies will focus […]

  • 18 February 2015
    Business & Finance, Equipment, Technology

    The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks. The new locks will have three chambers, water-saving basins, lateral filling and emptying system and rolling gates. After the expansion the Post-Panamax […]

  • 18 February 2015
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, New England District, is proposing maintenance dredging and advance maintenance dredging of the Cape Cod Canal Federal Navigation Project in Bourne and Sandwich, Mass. Public comments on the proposed dredging of the Cape Cod Canal are due to the Corps of Engineers by March 3, 2015. The Cape Cod […]

  • 18 February 2015
    Business & Finance

    Well ahead of schedule, the Consortium Dredging International NV (DI) and Great Lakes and Dock Dredging Company (GLDD) have reached their first dredging milestone of 11.000.000 m³ on lot 6 of the New Suez Canal project. The canal is now reaching 28% completion. The project was launched by the Chairman of the Suez Canal Authority […]

  • 17 February 2015
    Business & Finance, Equipment, Technology

    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. The New Suez Canal dredging […]

  • 17 February 2015
    Business & Finance

    A group of four Edinburgh College of Art (ECA) students on the new Material Practice – MSc program are working with Scottish Canals to repurpose material removed from canals during dredging. There are over 220 km of canals in Scotland. Although they are no longer avenues for trade and commerce, they are listed as industrial […]

  • 16 February 2015
    Business & Finance, Vessels

    The New Suez Canal is the name of a new waterway project in Egypt, expanding the existing Suez Canal between the Mediterranean Sea and the Red Sea. 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 […]

  • 11 February 2015
    Business & Finance

    Egyptian President Abdel Fattah Al Sisi gave an interview to Russia’s Sputnik news agency yesterday, on a number of issues including the bilateral relations and Egypt’s role at the Arab and African levels. In the interview, the President reviewed the New Suez Canal project, highlighting the “marvelous role” played by the Egyptian people to fund […]

  • 11 February 2015
    Business & Finance

    The New Suez Canal development program is progressing according to schedule. The new canal is part of the Suez Canal development mega project, which includes the development of several seaports in the three governorates bordering the canal, Suez, Ismailia and Port Said, in addition to a seaport in the South Sinai city of Nuweiba and […]

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

    The New Suez Canal dredging program is moving ahead. The Van Oord’s self-propelled cutter suction dredger ‘Artemis’ arrived two days ago at the site and started work immediately. The project was inaugurated by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sisi on 5 August 2014. The […]

  • 9 February 2015
    Business & Finance, Project & Tenders

    HKND Group and Environmental Resources Management (ERM) handed over to the Nicaraguan Institute of Culture (INC) more than 14,000 precious archaeological artifacts, including primarily pre-Columbian ceramic sherds, during a ceremony held at the National Palace of Culture in Managua on February 4, 2015. This archaeological wealth, which dates back to 500 B.C. to A.D. 1519, […]

  • 9 February 2015
    Business & Finance

    Mohab Mamish, the chairman of the Suez Canal Authority, stated that 86% of dry digging in the new canal has been completed, explaining that there is no influence on navigation at the Suez Canal. Mamish added that Houthis threats in Yemen to close the Strait of Bab el-Mandeb will not affect navigation in the Suez […]

  • 5 February 2015
    Business & Finance

    The Head of the Suez Canal Authority Mohab Memish, few days ago, visited the New Suez Canal to inspect progress being made on the project.  He informed crews working on the project that so far approx. 10 kilometers of the New Canal have been dredged up. At the moment, depth of the new waterway ranges between 9 to 24 […]

  • 5 February 2015
    Business & Finance, Project & Tenders

    In the execution of a mega project, collaboration is inevitable. Requiring a combination of skills, knowledge and resources, projects often attract numerous participants each carrying their own cultural background. Consequently, a great variety of cultural differences and similarities, as well as distinctive practices and differing values and interests for participation, emerge when firms and people come […]