Latest news with #HantongShipyard
Zawya
24-06-2025
- Business
- Zawya
Egypt signs contract with China's Hantong Shipyard to build 2 KAMSARMAX vessels
Arab Finance: Egypt's Ministry of Transport has signed a new contract with Chinese shipbuilder Hantong Shipyard to construct two KAMSARMAX dry bulk vessels for the National Navigation Company, reinforcing the country's efforts to revitalize its commercial fleet and position itself as a regional logistics hub, as per a statement. The vessels are scheduled for delivery in September and November move comes in implementation of directives from President Abdel Fattah El-Sisi to develop Egypt's role in transportation, logistics, and transit trade, and to restore the strength of the national fleet. Each of the two ships will have a total tonnage of 82,000 tons, with a length of 229 meters, width of 32.26 meters, and draft of 14.5 meters. They will be built according to the latest global environmental standards and technological specifications, including an MAN B&W engine with 7,490 kilowatts of continuous power, low-emission systems, and advanced navigation equipment. This latest deal brings the number of new vessels received or contracted by the National Navigation Company over the past three years to six, accounting for the renewal of approximately 54% of its fleet and raising the total to 18 vessels. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Al-Ahram Weekly
24-06-2025
- Business
- Al-Ahram Weekly
Egypt inks deal with Chinese shipbuilder to add two bulk carriers to national fleet - Economy
Egypt's state-owned National Navigation Company has signed an agreement with China's Hantong Shipyard to build two Kamsarmax-class dry bulk carriers, the Ministry of Industry and Transport said on Tuesday. The vessels, each with a deadweight of 82,000 tonnes, are scheduled for delivery in September and November 2028. Mohamed Suleiman Metwally, managing director of the National Navigation Company, and Meng Chengjun, chairman of Hantong Shipyard, signed the contract in the presence of Kamel El-Wazir, Deputy Prime Minister and Transport and Industry Minister. The deal is part of Egypt's plan to modernize its commercial shipping fleet and strengthen its role as a regional logistics hub. The ministry said the new ships will be built to meet international environmental and technical standards, with fuel-efficient hulls, MAN B&W engines delivering 7,490kW, and advanced emission-reduction systems. Each ship will also be fitted with modern navigation systems. The vessels will measure 229 metres in length, with a beam of 32.26 metres and a draft of 14.5 metres. El-Wazir said the agreement continues Egypt's cooperation with Hantong, which also built two similar ships—the Wadi El-Muluk and Wadi El-Arish—delivered in 2023 and early 2024, respectively. Those vessels were part of a broader push to renew the national fleet, with the Wadi El-Muluk unveiled at Alexandria Port during the inauguration of the Tahya Misr terminal. The new order will bring the total number of vessels in the company's fleet to 18, up from 12 three years ago. According to the ministry, this represents a 54 percent fleet renewal and forms part of a strategy to increase national capacity to transport strategic goods, including grain and oil. El-Wazir said the ministry aims to expand the commercial fleets of state-owned shipping firms, including the National Navigation Company, Arab Bridge Maritime, Cairo Ferries, and the Egyptian Tanker Company, to a combined 36 vessels by 2030. Follow us on: Facebook Instagram Whatsapp Short link:
