SUEZ CANAL CONTAINER TERMINAL
SCCT is capitalising on its strategic location between Europe and Africa , and is leveraging investment to maintain its influence in the Mediterranean
With over $ 750 million invested , SCCT is set to become a key Egyptian shipping hub , with the capacity to successfully compete with any of the existing ports along the Mediterranean .
Initiated in 1999 and operational since 2004 , 55 percent of the company is owned by APM Terminals , 20 percent by COSCO , 10 percent by Suez Canal and Affiliates and 5 percent by the National Bank of Egypt , with the remaining 10 percent share divided between Egyptian private sector investors .
Vital to Egypt ’ s growth Klaus Holm Laursen , Managing Director of SCCT highlighted that the terminal near Port Said is to play a significant role in Egypt ’ s future economic expansion . It will be crucial President Sisi ’ s economic plan to create the Suez Canal Zone : a long term infrastructure development that aims to increase trade and create hundreds of thousands of jobs . The terminal plans to extend its capacity to exceed 5.4 million per year as part of its ongoing expansion efforts . Currently , SCCT has deployed 20 super post-panamax quay cranes , 58 rubber tyre gantry cranes ( RTGs ) 165 terminal tractors , and 59 spreaders .
Laursen added : “ We are prepared for the huge levels of traffic that are commonly seen today . We have ordered another four of each crane , which has cost over $ 42 million . We
68 June 2015