Egypt expands commercial navy with two giant cargo vessels
Key targets outlined by the Transport Ministry include: Expanding the State Fleet: Reaching 40 fully state-owned vessels by 2030 across subsidiary lines (including NNC, Arab Bridge Maritime, and Cairo Ferries), boosting national cargo capacity to 30 million tons annually.
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.
Notably, NNC is self-funding this expansion, which will modernize 54% of its fleet in under four years—a record timeline for the state operator.
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