Egyptian Red Sea port deals inked

These considerations arise amidst a significant decline in revenue, attributed to shipping companies bypassing the Canal due to attacks by Houthi militants.

The trimodal hub, located in the Yvelines Département around 60 kms from central Paris, is aimed at serving the construction and civil engineering sectors in the Greater Paris/Seine Valley region in a cost-effective and environment-friendly manner

Works to provide direct access for barges to the Port 2000 berths in Le Havre are due for completion in 2026 and the immediate aim is to double container barge traffic on the Seine between HAROPA Le Havre and the Paris river terminals

Recent attacks by Iranian-backed Houti rebels on Maersk Line, CMA CGM, Hapag-Lloyd and Mediterranean Shipping Company (MSC)-operated containerships in the Red Sea have thwarted hopes that ‘Operation Prosperity Guardian’ – a coalition of naval ships led by the US – would make the area safer and allow transits of the Suez Canal to return to normal.

The naval protection force assembled by 10 countries to help protect ships in the Red Sea should result in Suez Canal transits returning to some sort of normality.

The Port of Long Beach will receive US$283M from the federal government to assist in building what it calls “America’s Green Gateway”