Latest news with #SCA
Egypt Independent
3 days ago
- Business
- Egypt Independent
Suez Canal Authority announces resurgence of giant ship transits after 15-month halt
Suez Canal Authority Chairman, Lieutenant General Osama Rabie, has announced the start of a new phase in the waterway's return to hosting mega container ships. This was marked by the passage of the container vessel CMA CGM OSIRISon Wednesday. The ship, with a total capacity of 154,000 tons, sailed as part of the southbound convoy from Singapore, heading to Alexandria Port via the Canal's new navigation channel. This vessel, part of the French shipping line CMA CGM, marks a significant return as the first large container ship to transit the Canal from the Bab el-Mandeb Strait since March 2024. Its passage follows a temporary halt in such traffic due to regional challenges. The ship's transit is a direct result of the Suez Canal Authority's (SCA) marketing efforts, highlighted by a recent announcement offering a 15% discount for container ships with a net tonnage exceeding 130,000 tons, whether laden or empty. This incentive, outlined in Circular No. (3/2025), will be valid for three months. Measuring 366 meters in length, 51 meters in width, and with a draft of up to 49 feet, the vessel can carry up to 15,536 TEUs (Twenty-foot Equivalent Units). This makes it the first large container ship to sail from Bab el-Mandeb and directly benefit from the new discount, which aims to encourage mega-vessels to resume transiting the Canal. Suez Canal Authority Chairman, Lieutenant General Osama Rabie, underscored the Canal's ongoing commitment to effective engagement with clients. He emphasized that the Authority is taking every measure to encourage major shipping lines to resume using the Canal, particularly through the implementation of flexible pricing policies. These policies are designed to respond positively to global market changes and reinforce the Canal's standing as the premier maritime option for mega-vessels, despite current regional and economic challenges. He further noted that recent discussions with the management of the French shipping line CMA CGM have resulted in an agreement for several of the group's large vessels to once again transit the Canal.
CairoScene
3 days ago
- Business
- CairoScene
Suez Canal's 'Ismailia 1' Becomes Middle East's Largest Rescue Tug
The launch of Ismailia 1 marks a milestone in Egypt's maritime strategy, with eco-friendly design, high bollard pull, and plans to expand shipbuilding across national and private sectors. Jun 18, 2025 The Suez Canal Authority (SCA) has introduced the Middle East's most powerful rescue tug, Ismailia 1, as part of its ongoing effort to modernise canal operations and enhance environmental sustainability. Built by Alexandria Shipyard (ASY), the vessel is the first of two tugs commissioned to support the authority's fleet. With a bollard pull capacity of 190 tons, Ismailia 1 measures 71.6 metres in length, 18.5 metres in width, has a draft of 7 metres, and can reach speeds of up to 16 knots. The tug is equipped with a Dynamic Positioning (DP) system for precision manoeuvring and a Selective Catalytic Reduction (SCR) system that reduces carbon emissions — a key element of the SCA's 'Green Canal' initiative. The launch marks the most extensive expansion of the SCA's tugboat fleet in three decades. Thirty new vessels have already been added, with bollard pull capacities ranging from 9 to 190 tons, aimed at strengthening canal operations and emergency response capabilities. The project also aligns with Egypt's broader maritime strategy to enhance domestic shipbuilding capacity and foster strategic industrial partnerships. Alexandria Shipyard, founded in 1962 and operating under the Ministry of Defence, has been a central force in the country's maritime sector, responsible for a large share of Egypt's commercial fleet and the nation's only domestically built oil rig. The construction of Ismailia 1 supports the SCA's localisation goals by developing internal manufacturing capabilities in collaboration with public institutions and private sector partners. The second vessel in the series, Ismailia 2, is expected to be delivered in the fourth quarter of 2025.
Daily Mirror
3 days ago
- General
- Daily Mirror
'Most significant find in 100 years' discovered in 3,500 Egyptian tomb
The tomb is believed to have belonged to King Thutmose II, who ruled Egypt in the early 15th century BC. It is the first major discovery since the tomb of King Tutankhamun was found in 1922 A "first time" discovery of an ancient tomb in Egypt has been unveiled as the final resting place of King Thutmose II, the Egyptian authorities have announced. The remarkable find is hailed as the most significant since the unearthing of King Tutankhamun's tomb in 1922. Mohamed Ismail Khaled, secretary-general of the Supreme Council of Antiquities (SCA), described the approximately 3,500 year old tomb as one of the most important Egyptian discoveries in recent history. "This is the first time funerary furniture belonging to Thutmose II has been discovered, as no such items exist in museums worldwide," he told Egypt's State Information Service. The tomb was located by Egyptian archaeologists and British experts in the Theban mountains area, west of Luxor and near the famed Valley of the Kings, this February. Initially, when the tomb was unearthed three years ago, archaeologists believed the entrance and main corridor were part of the burial sites for the wives of the kings due to its location near the tombs of King Thutmose III's wives and Queen Hatshepsut, the sole female pharaoh of Egypt, explained Khalid, reports the Mirror US. Flooding had previously hampered efforts to identify the tomb's owner, said Mohamed Abdel Badie, who led the Egyptian excavation team. However, artefacts unearthed within the tomb, including shards of alabaster jars, carried inscriptions bearing the names of Thutmose II and his chief wife, Queen Hatshepsut, conclusively identifying the tomb's occupants. Experts have also deduced that Queen Hatshepsut, who was both the king's wife and half-sister, presided over Thutmose II's burial. The Egyptian authorities believe the artefacts found in the tomb significantly enhance our understanding of the region's history and Thutmose II's reign. The dig, which kicked off in 2022, has been a joint effort with specialists from the UK's New Kingdom Research Foundation. King Thutmose II's mummy was discovered during the 19th century at another archaeological site known as the Deir el-Bahari Cachette, not too far away. The National Museum of Egyptian Civilization suggests it was likely relocated there, centuries after tomb raiders had plundered it. His mummy is now on display alongside other ancient royals at the museum.
Business Wire
4 days ago
- Business
- Business Wire
Trellix Accelerates Organizational Cyber Resilience with Deepened AWS Integrations
PHILADELPHIA--(BUSINESS WIRE)-- AWS re:Inforce 2025 – Trellix, the company delivering the future of AI-powered cybersecurity, today announced new milestones in its collaboration with AWS to further simplify customer adoption of leading cybersecurity technologies powered by AI. The deepened collaboration aims to enhance security controls and secure AI for customers. Together with AWS, we are focused on not only ensuring AI is embedded in security to allow optimum resilience, but also in securing AI itself. This is essential to ensuring organizations can use AI without compromising data integrity, trust, or compliance. Share 'In the era of rapid AI expansion, the symbiotic relationship between AI and security must be addressed,' said Sean Morton, Senior Vice President, Strategic Partnerships, Trellix. 'Together with AWS, we are focused on not only ensuring AI is embedded in security to allow optimum resilience, but also in securing AI itself. This is essential to ensuring organizations can use AI without compromising data integrity, trust, or compliance, particularly for those in regulated sectors.' Co-development of GenAI-powered security Trellix and AWS have signed an expanded strategic collaboration agreement (SCA) focused on the enrichment and creation of new GenAI-powered security technologies. Together, Trellix and AWS will address the most pressing security-use cases through the co-development of GenAI solutions that combine Amazon Bedrock and other AWS AI services with the Trellix Security Platform. Further collaboration to harden security defenses Trellix will offer new database, identity, analytics, and deployment capabilities for AWS customers, including: Strengthened database protection: With databases increasingly moving to the cloud and organizations widely adopting hybrid, on-premises, and cloud environments, critical assets require robust monitoring and protection. The need to prevent potential extraction or tampering increases as organizations train AI models with proprietary datasets and users share more information with AI apps. Trellix Database Security now offers security for Amazon Relational Database Service (Amazon RDS) cloud databases. New features available for AWS-supported MariaDB, MySQL, and PostgreSQL databases include real-time activity monitoring, pre-built compliance policies, and detailed event logs and incident management tools. Future releases will expand this vital support to include additional AWS Cloud databases. Fortified identity and access management (IAM): The AWS IAM Access Analyzer now integrates with the Trellix Security Platform, making it easier to remediate identity compromise. With AWS IAM Access Analyzer, Trellix customers can evaluate permissions across multiple IAM policy types, visualize access patterns, inspect access from internal and external sources, and leverage Amazon EventBridge for custom alerts and remediation. Simplified deployment: Trellix has achieved AWS Marketplace Architecture Excellence, certifying architectural alignment with AWS best practices. Customers now have greater transparency around each Trellix integration with AWS for easier procurement and deployment, and can further maximize their investment with AWS as purchases count toward AWS Private Pricing Agreements (PPA), helping meet committed spend thresholds faster. 'Let's face it; security is hard. Complexity makes the job even harder,' said Frank Dickson, Vice President of Security and Trust, IDC. 'When infrastructure and security collaborate to make security easier to implement and integrate, organizations can reduce risk, speed up response times, and better protect their most critical assets and data. We all win." Learn more about Trellix and AWS collaboration to improve customer security outcomes here. Visit Trellix at AWS re:Inforce at booth #1123. Additional Resources: About Trellix Trellix is a global company redefining the future of cybersecurity. The company's comprehensive, open and native cybersecurity platform helps organizations confronted by today's most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through artificial intelligence, automation, and analytics to empower over 50,000 business and government customers with responsibly architected security. More at Follow Trellix on LinkedIn and X.
Time Business News
5 days ago
- Business
- Time Business News
Dr. Naresh Bana: A Visionary Architect of India's Infrastructure Future
In 2011, Dr. Bana laid the foundation of BBV Consultants LLP, a testament to his foresight and belief in the power of collaborative development. Since its inception, the firm has been instrumental in advising on PPPs for diverse infrastructure projects, both within India and on the global stage. His expertise helps bridge the gap between public sector needs and private sector efficiency, fostering mutually beneficial partnerships that drive progress. Dr. Bana's influence extends far beyond his consulting firm. He is a Co-Founder, Steering Committee Member, and Chair of the South Asia Chapter at the World Association of PPP Units & Professionals (WAPPP). This pivotal role underscores his dedication to fostering global best practices in PPPs and promoting their adoption across various economies. His leadership within WAPPP is crucial in shaping the international discourse on infrastructure development. Furthermore, his position as Vice Chairman of the Indo Sri Lanka Chamber of Commerce and Industry highlights his commitment to regional economic cooperation and the facilitation of cross-border investments. Dr. Bana is a consistent and valuable contributor to the United Nations Economic Commission for Europe (UNECE) policy planning efforts. His engagement with such a prestigious international body speaks volumes about his expertise and the recognition he commands on a global scale. Notably, he is leading their railway project team, a critical endeavor given the importance of rail infrastructure in economic growth and connectivity. This role allows him to directly influence and guide the development of robust and efficient railway systems. Beyond his practical experience, Dr. Bana's academic pursuits have significantly enriched his understanding and approach to PPPs. He was awarded a Ph.D. for his seminal work analyzing the suitability of the Swiss Challenge Approach (SCA) along with PPP for expediting rural project delivery in the Indian context. This research is particularly vital for a developing nation like India, where efficient and timely delivery of rural infrastructure projects can dramatically improve quality of life and economic opportunities. His academic rigor underpins his practical recommendations, offering evidence-based solutions to complex development challenges. Dr. Bana's impressive credentials extend to various esteemed organizations. He is Post Staff College from Defence Services Staff College, a Fellow of Institution of Engineers (India), a Life member of Indian Management Association, and a Member of Institute of Permanent Way Engineers. These affiliations reflect his broad expertise and his dedication to professional excellence across multiple disciplines. At the core of Dr. Bana's philosophy is the conviction that PPP is the panacea for the infrastructure woes of developing Nations. He tirelessly propagates this belief, understanding that strategic collaborations between public and private entities are essential for overcoming resource constraints and accelerating development in these regions. While his professional commitments are extensive, Dr. Naresh Bana also finds time for personal pursuits and community engagement. He occasionally plays Golf, a testament to his well-rounded approach to life. More significantly, he reaches out to rural areas for business capacity building of village youth. This initiative underscores his commitment to empowering the next generation and fostering entrepreneurship at the grassroots level, ensuring that the benefits of development are inclusive and far-reaching. Dr. Naresh Bana truly embodies the spirit of a visionary leader, skillfully blending academic insight with practical application to build a more prosperous and connected future. TIME BUSINESS NEWS
