• 2019 December 4 15:10

    The opening of Port Said tunnel under the Suez Canal provides faster access to SCCT

    The opening of the new 3rd July tunnel, also referred to as Port Said tunnel, under the Suez Canal just south of Port Said last week is an important piece of the jigsaw required to position the Suez Canal Container Terminal (SCCT) as Egypt’s primary gateway terminal, APM Terminals said in its release.

    Construction of the twin-tubed, 4-lane road tunnel began in 2017. Its inauguration follows the opening of the Ismailia tunnel earlier this year and the 30th June Axis road, a 10-lane highway with 2+2 dedicated lanes for trucks.

    In the first few days of operation, the new tunnel has already shown significant improvement in connectivity to the terminal. Full export containers are completing security checks, which include passing through one of six dedicated X-Ray scanners, and crossing the tunnel in around 40 minutes. This is a significant improvement on the traditional West to East ferry crossing. Empty containers are taking around 20 minutes. Further improvements in transiting containers from East and West Egypt via the tunnels is expected as the tunnel’s management gain experience.

    With the terminals strategic location offering no deviation from the main routes on trade lanes between Asia and Europe, around 95% of SCCT’s traffic has historically been made up of transhipment volume. “The new tunnel, built to internationally recognised security standards, provides a fast connection to the highly populated districts in the Nile Delta and key industrial zones in Greater Cairo, also making SCCT a cost-effective option for import and export customers,” said Mr. Lars Vang Christensen, CEO of SCCT.

    The new Port Said tunnel has already helped reduce congestion at existing access points, providing increased flexibility. The Ahmed Hamdy Tunnel was traditionally used for import consignments and the ferry from West to East for exports. Both these routes, in the past, had experienced occasional congestion leading to delays in trucks turnaround time. Faster access and reduced waiting times should now significantly reduce trucking costs and therefore lower costs for the Egyptian consumer supply chain when using SCCT.

    The new 2.8km-long Port Said tunnel has four, 3.75 m wide lanes, and a height restriction of 4.6m metres, making it suitable for all types of dry and reefer containers, standard and high-cube containers. Current operating hours for the tunnel are between 0800 hrs to 1800 hrs until all processes have been fine-tuned. Discussions are ongoing with relevant authorities regarding night shift operation of the tunnel. This is important to support the terminals 24 hours per day, seven-days-per-week operations.

    SCCT currently has an annual capacity of 5 million TEU. With the anticipated higher volumes, SCCT is currently considering several options to invest in taller cranes and equipment to cater more volumes and activity in Port Said East Port.

    Recent tunnel investments are part of the broader Government of Egypt Vision 2030, which focuses on creating jobs and a balanced market economy that is competitive on the world stage.




2020 January 19

18:07 TORM increses its share capital due to exercise of Restricted Share Units as part of the Company’s incentive program
17:57 USCG halts illegal charter in Sarasota Bay
14:27 Torqeedo and ZF cooperate on new emission-free electric propulsion for water taxis and ferries
12:39 Kalmar delivers to Medcenter Container Terminal its 200th straddle carrier
11:43 NOC condemns calls to blockade oil facilities
10:24 Port of Oakland's 2019 container volume down 1.8% due to fewer empty boxes

2020 January 18

15:38 Port NOLA sets new container record in 2019
14:23 Port of Zeebrugge 2019 cargo throughput rose 14.2% to 45.8 million tonnes
12:03 Svitzer appoints new regional managing director for Svitzer Americas
11:51 TORM obtains $496m bank financing for the refinancing of existing debt
11:16 Kalmar’s heavy-duty terminal tractors to help Maritime Truck enhance performance at the Port of Oslo
10:52 Port of Rotterdam reports increase in LNG bunkering in 2019

2020 January 17

18:06 Safe Bulkers refinances $105.2 mln of existing loan facilities with respect to eight vessels
17:52 Construction of Borssele 1+2 wind farm off Zeelandic coast begins
17:31 Murmansk Sea Fishing Port handled 263,500 tonnes of cargo in 2019, down 20.4% Y-o-Y
17:06 Wärtsilä solutions support environmentally sustainable performance for two new MSC Cruises's ships
16:50 BIMCO expands ice information service
16:27 A record year for cruise expected at Port of Southampton
16:02 Qatargas delivers first Q-Flex LNG cargo to Summit LNG FSRU in Bangladesh
15:49 Tallink Grupp sets group-wide CSR strategy and sustainable operations goals
15:23 RUB 127.57 billion of federal budget allocations approved for construction of Leader-class icebreaker
15:02 Dublin Port unitised trade up 3.6% in 2019
14:48 Seaspan Shipyards hosts ceremonial keel laying for the Royal Canadian Navy’s future Joint Support Ship
14:30 RF Navy's Black Sea Fleet minesweeper makes planned transition from Sevastopol to Mediterranean Sea
14:14 Diana Shipping announces time charter contract for m/v Astarte with Aquavita
13:51 Turnover of DeloPorts terminals in 2019 decreased by 5% YoY to 8.3 mln tonnes
13:32 SAAM agrees to acquire 70% of Intertug, a towage operator in Colombia, Mexico and Central America
13:03 Flex LNG announces extension of the time-charter agreement for Flex Enterprise
12:37 Kawasaki Heavy Industries delivers bulk carrier FJ VIOLA
12:27 Hapag-Lloyd signs space charter agreement with Maersk and MSC on the Asia-North Europe trade
12:20 Russian Maritime Register of Shipping reports its key 2019 results
12:03 Pyxis Tankers announces completion of sale of Pyxis Delta
11:38 KHI delivers LPG carrier PHOENIX GAIA
11:29 Throughput of Vostochny Port grew by 5.2% to 25.51 million tonnes in 2019
11:03 Eagle Bulk Shipping joins Getting to Zero Coalition
10:36 MABUX: Bunker market this morning, Jan 17
10:28 NYK agrees to MoU with Northern Offshore Group on partnership for crew transfer vessel business for offshore wind power generation systems
09:56 Brent Crude futures price is down 0.05% to $64.59, Light Sweet Crude – down 0.03% to $58.5
09:33 Bunker prices go down at the port of Saint-Petersburg, Russia (graph)
09:15 Baltic Dry Index is flat at 768 points
07:18 NYK and Van Oord sign MoU to own and operate offshore wind installation vessels in Japan

2020 January 16

18:37 CMA CGM announces FAK rates from India and Sri Lanka to North Europe and the Mediterranean
18:06 CMA CGM introduces NETWORKING INTERMEDIATION SERVICES
17:52 Mikhail Mishustin appointed as the Prime Minister of the Russian Federation
17:31 ClassNK issues Hong Kong Convention Statement of Compliance to Ship Recycling Facility in Bangladesh
17:03 Hapag-Lloyd announces rates from Middle East to Mediterranean and North Europe
16:39 Bunker prices are stable at the Far East ports of Russia following the recent growth (graph)
16:03 Vessels offered free shore power during Parkkade trial in Rotterdam
15:22 The CMA CGM Group is strengthening the organization of CEVA Logistics to begin the second phase of its development
15:03 New Stena Line ferry completes maiden voyage on Irish Sea
14:02 PIL launches new transpacific pendulum service, America Asia Service (AAS)
13:33 Port of Antwerp scores 7th record year in a row
13:02 THE Alliance unveils expanded service network for 2020
12:30 MISC, Samsung Heavy Industries, Lloyd’s Register and MAN Energy Solutions join forces on ammonia-fuelled tanker project
12:01 CMA CGM SSL Intra Europe will update its BAF for Algeria Morocco Tunisia Roro services
11:28 ABB presents recommendation for zero-emission marine technology to US Congress
11:26 Rosmorport summarizes results of its sailing ships's 2019 navigation season
11:01 Dmitry Stepanov appointed as General Director of Astrakhan Shipbuilding Production Association
10:37 IMO continues its work to review GMDSS requirements
10:18 MABUX: Bunker market this morning, Jan 16