Latest news with #container ship
The Standard
4 days ago
- Business
- The Standard
US partners seek relief as Trump tariffs upend global trade
A container ship sails out of the port in Qingdao, in China's eastern Shandong province on August 7, 2025. (Photo by AFP)
LBCI
01-08-2025
- Business
- LBCI
Tripoli Port marks growth with return of one of world's largest container ships
Tripoli Port has welcomed one of the world's largest container ships, CMA CGM COBALT, for the second time in two weeks, according to a statement by the Director General of the Ministry of Public Works, Transport, and the Port of Tripoli, Dr. Ahmad Tamer. The vessel is part of a major shipping route in the Eastern Mediterranean and has been designated by CMA CGM as a key transshipment hub in the region. Around 2,600 containers are expected to be loaded and unloaded, including 1,200 destined for the local market. Tamer noted that container traffic at the port has increased by about 20 percent since the beginning of the year compared to the same period last year. He believes this record reflects growing confidence in the port's efficiency and services. 'This growth is a strategic opportunity with a direct impact on the national economy, state revenues, and job creation in Tripoli and the north,' Tamer said, adding that the port serves as an economic driver within a broader development vision.
Zawya
21-07-2025
- Business
- Zawya
Egypt: CMA CGM ZEPHYR transits through Suez Canal following incentives, flexible marketing policies
Arab Finance: T he container ship CMA CGM ZEPHYR has transited through the Suez Canal as part of the southern convoy transiting through the new canal on its voyage from Singapore to the Alexandria Port, according to a press release. This voyage marks the tenth for container ships transiting through the canal following the recent incentives and flexible marketing policies implemented by the Suez Canal Authority (SCA) to attract more ships. Meanwhile, Circular No. (3/2025) grants a discount of 15% to container ships of a net tonnage exceeding 130,000 tons, whether laden or in ballast, for three months as of the date of the circular's implementation. The Malta-flagged CMA CGM ZEPHYR led the southbound traffic. The ship is 366 meters long, 51 meters wide, and has a draft of 53 feet. Its gross tonnage is 164,000 tons, and it carries 11,800 twenty-foot equivalent units (TEUs). Ossama Rabiee, Chairman and Managing Director of the SCA, affirmed that the authority continues to provide its navigational services and adopt mechanisms that maintain the regular flow of traffic through the canal despite tensions in the Red Sea. The authority maintains flexible marketing and pricing policies, in addition to providing new maritime and logistical services to meet the requirements of clients under normal circumstances and in emergencies. Rabiee added that the new measures successfully attracted six CMA CGM transits in addition to four MSC transits through the Suez Canal. In its latest report, the International Monetary Fund (IMF) expected the Suez Canal revenues to drop to $3.6 billion in fiscal year (FY) 2024/2025, compared to $6.6 billion at the end of FY2023/2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
