Transhipment surge spurs Saudi ports growth

Saudi ports have witnessed a significant rate of growth in cargo throughput tonnage during the first quarter of 2022, increasing by 7.18% to a total of more than 74 million tons compared with the first three months of 2021. The number of transshipment containers increased by 5.91% to a total of 1.3 million TEU, contributing significantly to the overall upturn.

According to statistics published by the Saudi Ports Authority (Mawani), Saudi ports also recorded a 12.85% increase in the numbers of...

Alliance developing new container terminal in Damietta

A new terminal will be built in the port of Damietta, Egypt, by a joint venture that has been formed specifically to develop and operate the new Terminal 2 in the port. The Damietta Alliance Container Terminals been established by three partners, Hapag-Lloyd Damietta (39%), Eurogate Damietta (29.5%) and Contship Damietta (29.5%). Two other partners, Middle East Logistics & Consultants Group and Ship & C.R.E.W. Egypt, will each hold 1%.

The new Terminal 2 at the port of Damietta is expected to...

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