Blogs

The Economics of Delay: How Transit Time Shapes Global Oil Pricing  In the maritime shipping industry, the route chosen for crude oil transportation plays a decisive role in shaping operational costs, fuel efficiency, and delivery timelines. Two major routes dominate global crude oil trade: the Suez Canal, which provides a…

Sustaining Global Trade Through Egypt’s Gateway: The Enduring Significance of the Suez Canal  Few maritime routes hold the global importance of the Suez Canal, a 193-kilometer passage connecting the Mediterranean and Red Seas. Handling nearly 15% of global trade and around 30% of container traffic, the canal is an indispensable link between East and West one…

Egypt Expands Its Tugboat Fleet with the Launch of AZM 3 and AZM 4  Egypt continues to strengthen its maritime and shipbuilding capabilities as Admiral Osama Rabiee, Chairman and Managing Director of the Suez Canal Authority (SCA), witnessed the successful launch of two new tugboats, AZM 3 and AZM 4. The event took place at…

SCA and NERI Group Cooperation Marks a Milestone in Egypt’s Shipbuilding Ambitions  Egypt’s Suez Canal Authority (SCA) has taken a major step in expanding Egypt’s maritime industry by signing a landmark export agreement with Italy’s NERI Group to deliver two high-powered tugboats. This milestone positions Egypt as a rising shipbuilding…