Egypt took a significant step in its bid to dominate Red Sea and Mediterranean trade routes on Friday, taking delivery of two massive 82,000-ton dry bulk carriers from China’s New Hantong Shipyard. The vessels—named the Wadi El-Nile and Wadi El-Qamar—were officially handed over to Egypt’s National Navigation Company (NNC) during a ceremony in China attended by Egyptian Transport Minister Kamel El-Wazir. The addition of the Kamsarmax-class giants…
During his current visit to the People ' s Republic of China, the entire Minister of Transport witnessed the receipt by the National Navigation Company of the new ships of the Nile Valley and the Moon Valley of the New Hunting arsenal...