Latest News for: Suez deal


Frustration over Bayonne’s water contract has reached a boiling point. Can the city find a way out?

NJ dot com 18 Jun 2021
an unusual deal with a private equity firm and water company Suez ... Seeking relief, Bayonne entered into a deal with United Water (now Suez) and private equity firm Kohlberg, Kravis, Roberts & Co ... But, because the deal put residents on the hook for Suez’s and KKR’s guaranteed revenue stream, rate increases fluctuate year to year.

Mid East’s largest dredger to join Suez Canal fleet

Egypt Independent 17 Jun 2021
... Suez Canal fleet. The dredger comes as part of a deal between the Suez Canal Authority and the Royal ICH company from Rotterdam, the Netherlands.

Israeli minister calls for scrapping UAE oil transporting deal

Anadolu Agency 16 Jun 2021
Last year, Israeli environmental activists organized rallies to protest against Israeli-UAE deal. The deal between Israel and the UAE has raised concerns in Egypt as it will affect the transporting of oil via the Suez Canal where its revenues may be affected.

Schedule Reliability: Hapag-Lloyd to provide full transparency on vessel arrivals

Fresh Plaza 15 Jun 2021
Container shipping is currently going through its worst operational crisis in many years. Due to high demand, massive COVID-19-related restrictions and the Suez Canal incident in April 2021, the industry has been forced to deal with major operational challenges, such as congested ports, ship delays and infrastructural bottlenecks ... Nils Haupt ... Email.

Skyrocketing shipping rates may hit consumer pockets sooner than many anticipate

The National 13 Jun 2021
The skyrocketing price of shipping goods across the globe may hit your pocketbook sooner than you think – from that cup of coffee you get each morning to the toys you were thinking of buying your kids ... Boris Johnson urges G7 leaders to commit to ambitious climate change deal. Shipowner says 'Ever Given' grounding was Suez Canal's fault ... .

West Basin water district GM placed on administrative leave after personnel review

Daily Breeze 12 Jun 2021
Little Water Recycling Facility represents the district’s largest contract at roughly $13 million per year, but Sheilds was barred from any dealings with the contractor, Suez, because he had consulted for the company until he was hired by West Basin.

UAE begins transporting oil to Europe via Israeli pipeline

The New Arab 02 Jun 2021
The UAE has started transporting oil to Europe via an Israeli pipeline, according to media reports, months after the energy deal prompted Egyptian worries over a 'rival' to the Suez Canal for shipping fuel ... Egyptian officials make conflicting statements over threat to Suez Canal from Israel-UAE pipeline.

Egyptian court adjourns Suez Canal ship-block case for further compensation talks

Arab News 31 May 2021
An Egyptian court has postponed a compensation case over the Ever Given container ship’s blocking of the Suez Canal to allow more time for negotiators to agree a deal ... Initially, the Suez Canal Authority had demanded $916 million in compensation, an amount that was later lowered to $550 million, head of the authority, Lt.

Xinhua Middle East news summary at 2200 GMT, May 30 30 May 2021
JERUSALEM -- Israeli nationalist lawmaker Naftali Bennett announced on Sunday that he has accepted a coalition deal with centrist Yair Lapid to form "the government of change" to oust Benjamin Netanyahu, the country's longest-serving prime minister ... (Israel-Kingmaker-Coalition Deal) ... (Egypt-Suez Canal-Ship Grounding-Probe).

Suez Canal Authority swiftly repairs container ship after sudden engine failure

Arab News 29 May 2021
He emphasized that the authority possesses the rescue expertise, infrastructure, and technical insurance capabilities necessary to deal with emergency issues, especially after the launch of the New Suez Canal project and the development projects for the establishment of garages on the new waterway.

Suez Canal chairman discusses stranding compensation with Panamanian ambassador, Maritime Authority chief

Egypt Today 25 May 2021
The chairman of the Suez Canal Authority continued, "we adopted on the principle of good intentions when dealing with the ship-owning company as we responded to their request not to take immediate legal measures, and we waited for 11 days during which we did not succeed in ...

Gary Albertson Promoted to President of SUEZ North America’s Utility Division

The Marshall News Messenger 17 May 2021
Gary Albertson has been promoted to the position of President, Utility Division for SUEZ North America, effective immediately ... “As water companies deal with aging infrastructure and water quality challenges, SUEZ is exceptionally well-positioned to develop innovative solutions to meet or exceed the needs of our customers ... About SUEZ North America.

France’s Veolia and Suez make mega water merger plan official

Manila Standard Today 16 May 2021
ParisFrench conglomerate Veolia and rival Suez said Friday they had signed a deal on the outlines of their merger to create a global champion in water services and waste management ... growth goals while leaving a smaller but “coherent and sustainable” Suez.

Zencargo raises $42M to expand its digital-first freight forwarding platform internationally

Crunch 11 May 2021
The Suez Canal blockage, on the other hand, also continues to loom (not great. Hersham said that Zencargo and others are still dealing with the fallout of those delays, although it’s highlighted the need for blended approaches when it comes to moving goods, with some items shipped slower by sea, and others faster by air or road).