According to Bloomberg, A.P. Moeller-Maersk A/S, may invest in building of the navigation side channel in the Suez Canal Container Terminal at Port Said, said Egypt’s Ministry of Transport.
The Ministry of Transport also announced that the planned project will cost about $83 million. Maersk’s APM Terminals is the owner of 55 percent of the container port in the northwest of the country.
Suez Canal Container Terminal (SCCT) is a container terminal emerged at Port Said East as a transshipment centre for the Eastern Mediterranean at the Northern entrance to the Suez Canal. Expansion on the facility increased the total number of operational quay cranes to 12. Additionally, terminal expansion plans are expected to double terminal size. This expansion is expected to make the facility the largest container terminal in the Mediterranean Sea.
[mappress] World Maritime News Staff, March 26, 2012