Post by Trademo

Trending in #Logistics A two-year project for #SuezCanal expansion gets green signal by Egyptian president The decision follows the weeklong closure of the channel by the stranded #EverGiven container ship in March, 2021. Dredgers will widen and deepen the single-lane stretch close to the southern mouth of the canal, near where the 400m container ship got wedged earlier this year, while a second lane opened in 2015 will be extended to promote two-way traffic and alleviate the impact of bottlenecks. President Abdel Fattah al-Sisi gave the order to “immediately start implementing the proposed development plan and put in place a timetable for completion as soon as possible”. For more updates on global trade, visit trademo.com. (Source: Business Standard; Image Credits: Britannica) #Trademo #GlobalTrade #Shipping #Imports #Exports #News #SupplyChains