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  • April 16, 2014
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  1. News - World

    Shippers brace for more Suez turmoil after Chinese vessel 'fired on with machine guns'

    Posted Sep 03rd 2013, 10:03am by Reuters

    ... Reuters in London An attack on a Chinese-owned container ship in the Suez canal has heightened risks for merchant shipping using the vital waterway, with further threats considered likely ... , a big source of revenue for Egypt, playing down what the Suez Canal Authority’s chief had described earlier as a terrorist attack. This is the first incident confirmed by officials involving ...

  2. News - World - EGYPT

    Egypt sentences 26 to death over Suez Canal ‘terror’ plot

    Posted Feb 26th 2014, 08:33pm by AFP

    ... Agence France-Presse in Cairo Defendants condemned for founding ‘terror group’ that aimed to target ships in the Suez canal An Egyptian criminal court on Wednesday sentenced 26 militants to death for founding a “terror group” that aimed to target ships in the Suez canal, judicial sources said. Prosecutors also accused the defendants of making rockets and explosives while monitoring ...

  3. News - World - EGYPT

    Terrorist attempt to target container ship in Suez Canal foiled

    Posted Sep 02nd 2013, 12:00am by AP

    ... Associated Press in Cairo Attempt to target container ship follows arrest of wanted militant in Sinai Terror attack in Suez Canal foiled A "terrorist" staged an unsuccessful attack on a container ship passing through the Suez Canal, in an attempt to disrupt ships in the vital waterway. It follows the arrest on Saturday by Egyptian security forces of a wanted militant ...

  4. Warning that America could face its very own Suez crisis

    Posted Aug 31st 2011, 12:00am

    ... Gamal Abdel Nasser's decision in July 1956 to nationalise the Suez Canal, which since 1888 had been controlled by the British. Outraged by what he saw as a threat to Britain's vital ... The military operation went smoothly enough. But for Britain the crisis precipitated by its seizure of the Suez canal was not military but financial. At the time Britain, like other countries, ...

  5. More orders for China Rongsheng

    Posted Dec 09th 2011, 12:00am

    ... Keith Wallis keith.wallis@scmp.com China Rongsheng Heavy Industries, the mainland's largest privately controlled shipbuilder, is a step closer to meeting its order target of US$2.5 billion this year after securing a deal to build up to 20 oil tankers ...

  6. News - World - EGYPT

    Egypt's generals use power grab to increase their economic clout

    Posted Mar 17th 2014, 11:30pm by WASHPOST

    ... The Washington Post in Cairo Military chiefs place allies in key economic posts and expand their authority over highly lucrative deals, such as the Suez Canal project Generals look to turn ... a lucrative Suez Canal project. The industries owned by the military have always been a powerful force in the country's economy, though their profits and scope have never been disclosed ...

  7. Cosco Pacific acquires 20pc of Suez terminal

    Posted Nov 08th 2007, 12:00am by Charlotte So

    ... Charlotte So Cosco Pacific, one of the leading port operators in the world, yesterday said it had acquired a 20 per cent stake in the Suez Canal Container Terminal for US$146 million, following investments in Antwerp and Singapore in the past two years. The Egyptian terminal is located in the Suez Canal off the eastern Mediterranean Sea and is a key point in the Asia-Europe trade ...

  8. Suez 1956- The Inside Story of the First Oil War

    Posted Jun 10th 2007, 12:00am by Tim Cribb

    ... Tim Cribb Suez 1956- The Inside Story of the First Oil War by Barry Turner Hodder, HK$148 Then US president Dwight Eisenhower asked of British prime minister Anthony Eden: 'Have you gone out of your mind?' He was none too pleased that Britain and France had connived with Israel to seize the Suez Canal, which had been nationalised by Egyptian president Gamal Abdel ...

  9. OOCL and partners take Cape route to cut costs and capacity

    Posted Feb 24th 2009, 12:00am by Charlotte So

    ... of through the Suez Canal, OOCL said. The rerouting began yesterday. Hapag-Lloyd, MISC, Nippon Yusen Kaisha and OOCL operate the ships of the alliance. . The alliance, a grouping of shipping lines ... for each voyage on the service, the normal turnaround time of which is 55 to 60 days. The route around the Cape is cheaper because the toll fee for using the Suez Canal is US$600,000 to US$700,000 ...

  10. Business - Companies

    Who wants to bet on a Chinese-invested 'Nicaragua Canal'?

    Posted Jun 21st 2013, 01:41pm by Reuters

    ... of the United States via the Suez Canal. Its newest ships are too big for the Panama Canal, even after a third lane is built. A spokesman for Maersk Line Central America and Caribbean said it was too ... Ivan Castro and Lomi Kriel in Managua, Panama City For centuries since the colonisation of the New World, entrepreneurs have dreamed of building a canal spanning Nicaragua to make ...




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