Egypt to Establish USD 4bln Petrochemical Complex in Suez
Egyptian Ministry of Petroleum entered in a partnership with the Ministry of Public Business Sector to establish a petrochemical plant in Suez governorate at a total cost exceeds $4 billion, Zawya reported quoting Petroleum Minister Tarek el-Molla. The Ministry of Petroleum will build the complex in partnership with Ministry of Public Business Sector, el-Molla added. The Egyptian Petrochemicals Holding Company (ECHEM) as well as refineries affiliated to the petroleum sector will also cooperate to implement the project, the Egyptian minister said. Molla added that the feasibility studies will take 28 weeks. The Suez plant is set to depend on the refineries affiliated to the petroleum sector in Suez governorate. The Japanese manufacturer Toyota will be in charge of the industrial technologies needed for the complex, he added.
First Triple-E Vessel Visits Suez Canal Terminal
The 18,300 TEU capacity Maren Maersk has become the second Triple-E class vessel to call an Egyptian port and the first with a commercial stop at the Suez Canal Container Terminal (SCCT) at Port Said East. APM Terminals, the majority shareholder of SCCT, partnered with the Egyptian government and local authorities to complete a dredging project to increase the operational potential of terminal, which is expanding its annual container throughput capacity to 5.4 million TEUs. In February, Mette’s sister ship Maren Maersk became the largest vessel ever to call a terminal in Egypt, when it arrived for a trial visit to the recently deepened APM Terminals global terminal network facility at the mouth of the Suez Canal on the Mediterranean Sea. More at https://www.porttechnology.org/news/first_triple_e_vessel_visit_for_suez_canal_terminal
Suez Canal Authority Renews Discounts to Containerships Transiting the Canal
The Suez Canal Authority (SCA) says it will be extending its discounts to containerships, which were originally announced in June, until December 31, 2016. As Ship & Bunker previously reported, SCA announced that container ships coming from Port of Norfolk and its northern ports heading to the ports of Port Kelang and its eastern ports can receive 45 percent discount off normal Suez Canal tolls. Container ships traveling from ports south of Norfolk to Port Kelang and its eastern ports, are eligible for a 65 percent from the Suez Canal normal toll rates. Further, container ships coming from ports south of Port of Norfolk bound for the Port of Colombo and its eastern ports are eligible for a 55 percent discount off normal tolls. http://shipandbunker.com/news/emea/192968-suez-renews-discounts-to-containerships-transiting-the-canalUpload News