Independent journal on economy and transport policy
02:13 GMT+2
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New container terminal of Hapag-Lloyd, Eurogate and Contship in the port of Damietta
It will become operational in 2024 and will be able to handle 3.3 million teu
May 10, 2022
The new company will be owned by the three partners respectively through Hapag-Lloyd Damietta who will hold 39% of the capital of the joint venture, Eurogate Damietta with the 29.5% and Contship Damietta with 29.5%, while the Egyptian Middle East Logistics & Consultant (MELC) and Ship & C.R.E.W they will each hold 1% of the capital.
It is expected that the new terminal, called Terminal 2, will become operational by 2024 and, once completed, will have an annual traffic capacity of 3.3 million of teu. Hapag-Lloyd has specified that it will use the landing as its own transhipment hub in the Eastern Mediterranean.
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The new company will be owned by the three partners respectively through Hapag-Lloyd Damietta who will hold 39% of the capital of the joint venture, Eurogate Damietta with the 29.5% and Contship Damietta with 29.5%, while the Egyptian Middle East Logistics & Consultant (MELC) and Ship & C.R.E.W they will each hold 1% of the capital.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
