Hapag-Lloyd, Eurogate and Contship Italia have formed a new joint venture to develop and operate a new container terminal in the port of Damietta in Egypt, after the final signing of the concession agreement which took place on 10 May in Cairo, Egypt.
The joint venture “Damietta Alliance Container Terminal S.A.E.” consists of three core shareholders, Hapag-Lloyd Damietta GmbH – 39%, Eurogate Damietta GmbH – 29.5% and Contship Damietta Srl – 29.5% and two extra partners, Middle East Logistics &...