Page 11 - Egypt

Egypt plans Suez Canal expansion after grounding of vessel in March

Egypt on Tuesday announced plans to widen and deepen the southern part of the Suez Canal where a hulking vessel ran aground and closed off the crucial waterway in March

Egypt seizes Suez Canal ship 'Ever Given' pending $900 mn compensation

Company that owns vessel says the crew is still on board the ship, which is now in Great Bitter Lake, about halfway along the canal.

Egypt seeks settlement out of court for Suez Canal blockage

The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week. Lt. Gen. Osama Rabie told The Associated Press he hoped talks with Shoei Kisen Kaisha Ltd., the Japanese owner of the skyscraper-sized Ever Given, will conclude without a lawsuit. We are discussing with them a peaceful resolution to the matter without resorting to the judiciary, he said. He maintained that bringing the case before a court would be more harmful to the firm than settling with the canal's management. The canal chief said last week the Suez Canal Authority was expecting more than $1 billion in compensation, warning the ship would not be allowed to leave the canal if the issue of damages turns into a legal dispute. That amount takes into account the salvage operation, costs of stalled traffic and lost transit fees for the week that the Ever Given blocked the canal. He did not specify then who .

Suez Canal to seek over $1bn compensation for losses caused by stuck ship

Egypt's Suez Canal Authority (SCA) said that it will seek over $1 billion in compensation for the losses caused by the massive container ship which had blocked the vital waterway since March 23

Suez Canal authority expects 140 more ships to pass through the waterway

Egyptian President said the Ever Given's grounding had drawn attention to the importance of the waterway for global trade

Received no compensation claims: Japanese owner of Ever Given ship

UK P&I Club has said that it was the protection and indemnity insurer for the Ever Given

Iraqi, Egyptian, Jordanian foreign ministers meet over trilateral summit

Egyptian and Jordanian Foreign Ministers met their Iraqi counterpart during which they discussed preparation for a summit expected to bring together the leaders of the three countries

Probe underway, a day after cargo ship freed in Egypt's Suez Canal

Experts boarded a colossal container ship that had been stuck for nearly a week in the Suez Canal before it was freed as questions swirled about the grounding that shook the global shipping industry

Traffic in Egypt's Suez Canal resumes after stranded ship refloated

With the 400-metre-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning, Suez Canal Authority (SCA) chairman Osama Rabie said

'She's free': Traffic in Suez Canal resumes after stranded ship refloated

Key waterway between Europe and Asia blocked since Tuesday; at least 369 vessels waiting to transit canal

Suez Canal suspends traffic as container ship stuck like 'beached whale'

The ship's GPS signal shows only minor changes to its position over the past 24 hours

Stuck cargo ship in Egypt's Suez Canal imperils shipping worldwide

A skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping as at least 150 other vessels needing to pass through idled waiting for the obstruction to clear

Suez Canal snarled with giant ship stuck sideways in top trade artery

At 400 meters in length, the vessel that was built in Japan about three years ago is longer than the Eiffel Tower laid on its side

China hands over second batch of its coronavirus vaccines to Egypt

China handed over the second batch of Covid-19 vaccine donation to Egypt

Egypt: Archaeologists unearth world's oldest beer factory in Abydos

The factory was found in Abydos, an ancient burial ground located in the desert west of the Nile River, over 450 kilometers (280 miles) south of Cairo

Egypt reports over 1,000 new coronavirus cases, tally crosses 130,000

The Health Ministry on Saturday reported 1,113 new cases, as well as 49 deaths

Egypt, Jordan, Iraq to implement commercial, industrial integration

The trade and industry ministers of Egypt, Jordan and Iraq have agreed to start actual steps of implementing commercial and industrial integration among the three Arab countries

Egypt eyes reopening of trilateral talks on Nile dam with Ethiopia, Sudan

Egypt looks forward to taking part in the next round of trilateral talks with Ethiopia and Sudan on an Ethiopian dam built on their shared Nile river, the Egyptian Foreign Ministry said

Egyptians wrap up the second stage of parliamentary vote; counting begins

Egyptians wrapped up voting in the second and final stage of parliamentary elections, which were almost certain to produce a lower chamber packed with supporters of President Abdel-Fattah el-Sissi

Abu Dhabi's ADQ pumps $1 billion into Lulu Group's Egypt expansion

ADQ, formerly known as Abu Dhabi Development Holding Co., will team up with Lulu to develop up to 30 hypermarket stores and other operations across the Arab world's most populous nation