• 2017 November 21 17:37

    Sokhna World Zone project presented to investors in Dubai

    Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), today presented details of the recent agreement to develop an integrated industrial and residential zone at Sokhna in Egypt to investors and businesses in Dubai, DP World said in a media release.

    The opportunities to invest and launch operations in the project were outlined to company representatives, many of whom already have existing outlets in Dubai’s Jebel Ali Freezone (Jafza).

    Sokhna World Zone will create a sustainable industrial area to attract foreign investment and will feature a range of investment incentives and encourage innovation using best international practice in the management of Special Economic Zones (SEZs), free zones, ports, and logistic hubs based on DP World’s global experience.

    The project will also promote the development of Small and Medium-sized Enterprises (SMEs), create job opportunities and provide training for young Egyptians adding value to the economy and is due to start in the first quarter of 2018. A joint venture will be created between SCZone (51%) and DP World (49%) with DP World managing the zone.

    Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “Sokhna World Zone will be a major opportunity for businesses here in Dubai and elsewhere to launch regional operations or expand their presence. The partnership with the Suez Canal Economic Zone Authority and the Egyptian government reflects the strong relationships both our countries enjoy and it will become a foundation of the Egyptian economy for decades to come. It will transform the Suez Canal and establish a trade and business hub, changing the lives of thousands and those of future generations.

    “Our success in creating Jafza which now has over 7300 companies on site and its close proximity to Jebel Ali Port is a model we are applying in other locations around the world. This project will be 1.5 times bigger than Jafza and enable access to the Egyptian market and the region as well as complement what we have achieved here in diversifying the Dubai and UAE economy.”

    Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), said: “The support of His Excellency Abdel Fattah elSisi, President of Egypt, and the role of the Egyptian government in removing barriers to investment and having the foresight and vision to create this project is a shining example of the commitment to grow Egypt’s economy in a sustainable manner for the long term, creating jobs and communities for families over the course of this century.

    “We are delighted to partner with Dubai and DP World in launching the project building on our joint expertise and experience. I truly believe investors and companies who commit to the Sokhna Economic Zone will reap the benefits for years to come by planting seeds now for the long term. Its location, proximity to a major artery of global trade and the size of the markets in the region all point to great opportunity for business. We look forward to developing the masterplan and communicating further details of this game changing project over the next few months.”

    The Sokhna World Zone will cover 95 square kilometres with an estimated 400,000 jobs and include industrial and residential areas coupled with the development of DP World’s operations at Sokhna Port, increasing its capacity and linking it to the industrial zone.

    Business sectors include light and medium-sized industries, logistics, and service utilities.

    Targeted industries include medical, electronics and communications, construction materials, logistics, textiles, automotive parts, food processing, energy production components and petrochemicals.

    A residential zone spanning 20 square kilometres will include coastal villas, residential units, shopping and administrative centres, entertainment facilities, mosques, schools, hospitals, clubs and green spaces. The residential area will be able to accommodate 500,000 people.




2017 December 16

07:46 CMA CGM announces GRR from Asia to West Africa
06:51 Hapag-Lloyd announces new rates from Far East Westbound East Asia (including Japan) to Europe N.C. and Mediterranean
06:49 Hutchison Ports ECT Rotterdam to launch a pilot project with ‘fixed windows’ for inland vessels with large call sizes
06:45 Miriam Maes to succeed Rutger van Slobbe as Chair of the Port of Rotterdam Authority Advisory Board
06:37 DNV GL launches first class guideline for additive manufacturing

2017 December 15

23:12 Russia and USA filed first ever joint note to IMO on shipping in Bering Strait and Bering Sea
18:20 Onezhsky Shipyard launched self-propelled hopper Silnaya (photo)
18:06 DOF sells the vessel Skandi Marstein
17:06 The Port of Gdansk to expand the Oliwskie Quay
16:50 Russia’s State Duma approves ensuring the priority of ships flying RF flag in the segment of short-sea shipping
16:21 CMA CGM announces GRR from Asia to West Africa
15:34 Construction at NIBULON’s transshipment terminal in Mykolaiv is in full swing
14:45 Klaipėdos Nafta and Eesti Gaas begin cooperation in small-scale LNG distribution business
14:18 Arctic Economic Council welcomes Korea Shipowners’ Association as first sub-Arctic member
13:51 Baltic Workboats delivered 24m combat pollution and diving support vessel to Port of Klaipeda
13:29 WMU Executive Board 21st Session meets in London
12:56 Marine Recruiting Agency launches training project for Rosterminalugol
12:33 Skangas to source LNG at import terminal on Isle of Grain, UK
12:10 Ningbo Zhoushan Port volumes up 9.6% to 933 million tons in Jan - Nov 2017
11:58 Azerbaijan Caspian Shipping Company holds training with participation of crane ships crew
11:32 Africa maritime cooperation centre launched
11:09 Throughput of port Helsinki (Finland) up 14% to 13.1 mln t in 11M’17
10:44 Brent Crude futures price up 0.11% to $63.38, Light Sweet Crude – up 0.39% to $57.26
10:30 Rolls-Royce delivers first mobile MTU gas engines for Rederij Doeksen
10:11 Port of Klaipeda (Lithuania) handled 39.21 mln t of cargo in 11M’17, up 6.5% Y-o-Y
09:57 IAA PortNews offers video of virtual round-table meeting “Best practices of coal transshipment in Russian ports”
09:32 Baltic Dry Index down to 1,668 points
09:16 GTT signs new Global Services Agreement with Chevron Transport Corporation
08:25 Safe Bulkers announces acquisition of a Post-Panamax class dry-bulk vessel
07:05 Port of Los Angeles sets new record for highest monthly container volumes
06:04 CMA CGM announces new FAK rates from Asia to North Europe
05:04 The Foundation Det Norske Veritas assumes full ownership of DNV GL
04:43 Damen Shiprepair & Conversion wins contract for first European conversion of a dredger to dual-fuel LNG / MGO

2017 December 14

18:03 Bunker prices still maintain the potential for growth
18:02 Pacific centre launches on low-carbon shipping mission
17:37 Gazprom and Shell to handle oversized equipment for Baltic LNG at Commercial Sea Port of Ust-Luga (photo)
17:29 Key decisions from MEPC 71 related to implementing BWM Convention outlined at BWMTech London Conference
17:05 Ulstein and TTS shortlisted for OSJ Innovation Award
16:35 HHI Group receives support of LR in building an LNG-fuelled future
16:05 Aker Solutions secures subsea services agreement with Statoil
15:50 Commercial Sea Port of Kandalaksha handled 1.46 mln t of cargo in 11M’17, up 3 times Y-o-Y
15:36 Special issue of PortNews magazine published for Transport Week is available online
15:25 United Nations experts endorse RF initiative
15:07 BASF extend their fleet with another Konecranes barge handler
14:52 Infrastructure development will be one of priorities of Vladimir Putin’s new presidential term
14:45 CMA CGM launches new, innovative and complementary set of products
14:03 Wärtsilä and Mitsubishi Heavy Industries MME to collaborate in creating improved power and propulsion for ships
13:31 CLdN adds fourth weekly sailing between Gothenburg and Zeebrugge
13:01 GTT and Korean DSEC sign Technical Assistance and License Agreement
12:29 IMO encourages member countries to ratify and enforce the London Protocol to prohibit dumping at sea
12:00 Bahri welcomes Abdullah Aldubaikhi as new CEO
11:30 Bunker fuel is still in short supply at the Far East ports of Russia (graph)
11:01 Port of Oakland import volume ahead of last year’s pace
10:40 Outright prohibition of heavy fuel in the Arctic is not reasonable – maritime administrations of Russia and Finland
10:21 Brent Crude futures price up 0.58% to $62.8, Light Sweet Crude – up 0.18% to $56.7
10:14 ABS awarded contract by Cenac Marine Services to support compliance with US Coast Guard (USCG) Subchapter M requirements
09:59 Russia and Finland have similar positions on double control of fuel used by vessels
09:30 Amsterdam joins the ‘Premier League’ in the ethanol market
09:14 Baltic Dry Index down to 1,730 points
08:28 APL introduces mobile application for container tracking