Tag: Suez Canal

Suez Canal readies for full operations, advances green initiatives

Suez Canal readies for full operations, advances green initiatives

January 23, 2025 |

In Egypt, on January 22, 2025, Admiral Ossama Rabiee, Chairman of the Suez Canal Authority, met with IMO Secretary-General Arsenio Dominguez in Ismailia, Egypt, to discuss the gradual return of major shipping lines as security stabilizes in the Red Sea. The meeting coincided with the opening of the IMO’s regional office in Egypt and ongoing […]

Read More

Suez Canal and Scatec sign $1.1 billion green methanol deal

Suez Canal and Scatec sign $1.1 billion green methanol deal

December 7, 2023 |

In Egypt, Reuters reported that Egypt’s Suez Canal economic zone and Scatec ASA have signed a Memorandum of Understanding (MoU) worth $1.1 billion to supply ships with green fuel. The MoU agreed on the sidelines of the COP28 conference held in Dubai envisages production of 100,000 tons of green methanol per year by 2027, according […]

Read More