News Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Wadi Holdings and Medsofts have opened a joint venture Nile River grain port facility in Egypt, which located just south of Alexandria. It is expected to handle 1.2 MMT of grain per year and will have storage capacity of 180,000 MT upon completion. Although similar ventures were considered in the past, the problems with a Nile River port have been the very low draft in the river and lack of transportation facilities from the Mediterranean into Egypt. The new port facility will overcome these issues through the use of 1,000 MT barges that should be able to easily navigate the Nile. While Nile barges have been used for hundreds of years, there have been few, if any, discharge facilitie...