Egypt central bank deploys AI tools to track inflation, map informal economy: governor    Egypt's stocks record strong gains in September, EGX30 up 4.33%    Egypt approves 776,379 state-funded treatment decisions in July–August    Egypt launches waste reduction plan in Port Said with Japan's JICA    Telecom works near Grand Egyptian Museum cause brief Cairo service outage: NTRA    Egypt drug regulator, Organon discuss biologics expansion, investment    Microfinance portfolios in Egypt exceed EGP 101bn, reaching 4.1 million clients by Q2 2025    Gaza death toll surpasses 66,000 as Israel tightens siege, 'Freedom Flotilla' nears coast    Egypt's PM addresses parliament on Al-Sisi's objections to criminal procedures bill    Egypt's Contact Financial closes EGP 1.312bn securitisation bond    Suez Canal Authority urges Maersk to resume transits, citing strategic role in global trade    Egypt's Al-Sisi reaffirms state's commitment to judicial independence    Alameda launches Egypt's largest private-sector medical conference    Egypt calls for global mental health action, strengthens regional partnerships at Doha Summit    A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt's foreign minister says Ethiopia's Nile dam policy is 'destabilising'    Trump unveils controversial Gaza peace plan amid escalating crisis, divided responses    Al-Sisi, Bin Zayed back Trump's Gaza peace initiative amid mounting diplomatic drive    Egypt to host men's, juniors' and ladies' open golf championships in October    Egypt's President Al-Sisi pardons activist Alaa Abdel Fattah, 5 others    Egyptian Writers Conference announces theme for 37th session    Egypt's Al Ismaelia wins heritage award for Downtown Cairo revival    Egypt's PM heads to UNGA to press for Palestinian statehood    Egypt condemns terrorist attack in northwest Pakistan    Egypt's foreign minister holds talks on reviving Iran nuclear negotiations    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Suez Canal Authority urges Maersk to resume transits amid improved Red Sea security
Published in Daily News Egypt on 14 - 05 - 2025

Osama Rabie, Chairperson of the Suez Canal Authority (SCA), met on Wednesday with a senior delegation from A.P. Moller–Maersk Group to explore opportunities for renewed cooperation and a potential resumption of canal transits. The meeting, held at the SCA headquarters in Ismailia, came as part of Maersk's official visit to Egypt.
The delegation was led by Camilla Jane Holtz, Vice President for Public Policy and Regulatory Affairs, and included regional representatives from key global markets: Hani El-Nady (Middle East and North Africa), Simon Bergulf (Europe), Doug Morganti (North America), Jens Eskelund (China and Northeast Asia), René Beil Pedersen (South and Southeast Asia), and Danilo de Morais Pires (Latin America).
Rabie welcomed the delegation, describing the visit as a reaffirmation of the strategic and enduring partnership between the SCA and Maersk — one based on mutual interests and a shared commitment to the stability of global trade.
Acknowledging the ongoing challenges in the Red Sea region, Rabie highlighted the impact on shipping routes, particularly with increased costs and extended transit times. He urged Maersk to reassess its current routing decisions and consider a gradual return to Suez Canal transits in light of improving security conditions. He also referenced the SCA's recently introduced incentive program — including a 15% discount for large container vessels — aimed at encouraging a return to the vital waterway.
"The global shipping community has responded positively," Rabie noted, adding that regional and international momentum now supports practical solutions to restore navigational freedom in the Red Sea.
Camilla Holtz reaffirmed Maersk's appreciation of the canal's strategic importance, emphasizing a relationship that spans over a century. "The Suez Canal remains vital to our operations," she said. "We are closely monitoring the evolving security landscape and remain committed to resuming navigation through the canal when conditions allow."
Holtz also commended the SCA for its ongoing engagement with international shipping lines and described the new incentives as "a constructive and welcome move."
Hani El-Nady confirmed that the Suez Canal remains Maersk's preferred route, stating that recent positive regional developments are under careful review. Doug Morganti expressed optimism for a full return to stability in the Red Sea, noting that vessel and crew safety remains a top priority.
Jens Eskelund stressed the canal's essential role in global supply chain sustainability, acknowledging the significant disruption caused by the Red Sea crisis. He praised the SCA for its responsive and effective crisis management.
René Beil Pedersen echoed the sentiment, describing the canal as a "critical artery for global trade" and expressing hope for a near-term return to normal operations. Danilo de Morais Pires added that the Suez Canal stands as a model of strategic infrastructure management and resilience in the face of crisis.


Clic here to read the story from its source.