Egypt expects Suez Canal revenues to hit $7bn in the 2021-22 financial year, ending on June 30, up 27% from $5.5bn in the last year, Finance Minister Mohamed Maait said on Saturday.
The strength of the Greek-controlled fleet is at an all-time high, reflecting Greek shipowners' activity in the newbuilding and sale and purchase markets.
The continued growth of Greek shipowners sees 76-Greek-controlled fleets breaking the 1m dwt each barrier equalling the record set in 2020.
Dutch short sea owner and operator Vertom will retrofit Econowind’s wind assist VentiFoils on two more of its general cargo vessels this year.