Greece’s Thessaloniki Port Teams up with Suez Canal to Boost Business

The Malaysia-flagged oil tanker Bunga Kasturi sailing through Egypt's Suez Canal in the canal's central hub city of Ismailia on the 150th anniversary of the canal's inauguration on November 17, 2019. (Getty Images)
The Malaysia-flagged oil tanker Bunga Kasturi sailing through Egypt's Suez Canal in the canal's central hub city of Ismailia on the 150th anniversary of the canal's inauguration on November 17, 2019. (Getty Images)
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Greece’s Thessaloniki Port Teams up with Suez Canal to Boost Business

The Malaysia-flagged oil tanker Bunga Kasturi sailing through Egypt's Suez Canal in the canal's central hub city of Ismailia on the 150th anniversary of the canal's inauguration on November 17, 2019. (Getty Images)
The Malaysia-flagged oil tanker Bunga Kasturi sailing through Egypt's Suez Canal in the canal's central hub city of Ismailia on the 150th anniversary of the canal's inauguration on November 17, 2019. (Getty Images)

Thessaloniki Port Authority , the operator of Greece's main port in the north, has teamed up with Suez Canal Economic Zone in Egypt, seeking to boost their business activities, the Greek port said on Wednesday.

Thessaloniki port, a main gateway to the Balkans, has signed an agreement with Suez Canal Economic Zone to exchange expertise and work to increase cargo and passenger flows between the two ports, Thessaloniki Port said.

The pair will establish a maritime line for perishable goods and bulk cargo and develop a cruise business, among other joint activities.

Greece said the agreement creates opportunities to further develop the maritime trade between Europe and Asia, given the strategic location of the two ports.

Thessaloniki Port has expressed an interest in acquiring a majority stake in the Alexandroupolis port, which is also in the north of Greece, as part of the country's privatization drive.



Egypt's Government Says Strategic Wheat Reserves Good for 4 Months

FILE PHOTO: A wheat crop ready for harvest in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo
FILE PHOTO: A wheat crop ready for harvest in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo
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Egypt's Government Says Strategic Wheat Reserves Good for 4 Months

FILE PHOTO: A wheat crop ready for harvest in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo
FILE PHOTO: A wheat crop ready for harvest in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. REUTERS/Todd Korol/File Photo

Egypt has strategic wheat reserves that are sufficient for four months of local consumption, according to a statement by the Egyptian Cabinet issued on Saturday.

It said the strategic sugar reserves were sufficient for 13.5 months, while vegetable oil reserves were enough for 6.3 months.