Various risks arise as traffic increases at newly upgraded Suez Canal, Braemar Shipping Services Asia has warned.

The new Suez Canal stands to benefit from China’s "One Belt One Road" (OBOR) initiative, the opening up of the Iranian market, and the developing Indian refinery market, according to Braemar Shipping Services Asia.

Royal Boskalis Westminster (Boskalis) realised a good third quarter, but its orderbook declined on completion of the Suez Canal expansion project.

The expanded Suez Canal, turned around in record time, is only a small fraction of the work being undertaken in Egypt, according to Sherine Naggar, chairman of consultancy Naggar Shipping.

Royal Boskalis Westminster (Boskalis) has reported a net profit of $338.8m in the first half of 2015, a rise of 21% compared to the same period a year earlier when it posted a $279.6m profit.

The Suez Canal Container Terminal is augmenting its throughput capacity to 5.4m teu in response to the recently completed canal expansion.

Egyptian President Abdelfattah El-Sisi unveiled the New Suez Canal yesterday in a speech steeped in rhetoric underlining his determination to defeat Islamist foes who have for two years used the Sinai Peninsula as a base for attacks on the...

International ports and shipping businesses have reacted positively to the $8.3bn New Suez Canal, due to be unveiled later today, in the face of analyst concern that a global slump in container shipping means that it will take years for Egypt to...

   

The International Chamber of Shipping (ICS) has called Egypt’s achievement in completing work on the New Suez Canal Expansion on schedule and inside one year ‘astonishing.’