German shipping company Hapag-Lloyd has announced the construction of a new transshipment terminal at Damietta, Egypt.
Expected to be completed in the second half of next year, the new terminal will have an annual handling capacity of 3.3 million twenty-foot equivalent units (TEUs).
Damietta Alliance Container Terminal, which is a joint venture (JV) entity, will engage in the development and operation of the new Terminal 2, which is anticipated to operate at full capacity in 2025.
Hapag-Lloyd...
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