PORT OF ALEXANDRIA

Eastern Mediterranean ports proceed with significant investments

In 2024, the Eastern Mediterranean region, a crucial hub for maritime trade, has witnessed significant investment and expansion across its major ports.

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https://container-news.com/eastern-mediterranean-ports-proceed-with-significant-investments/

How Red Sea Tensions Are Redefining Global Trade Routes

As geopolitical tensions escalate around the Red Sea, several ports have benefitted from the rerouting of the vessels, gaining traction, while others have seen their container volumes shrink due to the continuing Houthi attacks.

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https://container-news.com/how-red-sea-tensions-are-redefining-global-trade-routes/

Egypt remains vulnerable to global shipping disruptions

The geopolitical situation in the Red Sea area has continued to deteriorate, leading to significant shipping disruptions in the Suez Canal.

According to the UNCTAD report, as of early 2024, the crisis that began in November 2023 has resulted in a notable decline in Suez Canal revenues by about 40%, significantly affecting Egypt’s financial stability.

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https://container-news.com/egypt-remains-vulnerable-to-global-shipping-disruptions/

Hutchison Ports to spend US$700 million to develop container terminals in Egypt

Hutchison Ports will invest around US$700 million in Egypt’s major port, Ain Sokhna Port, and in a new container terminal in the Port of Alexandria, B100.

After the completion of the two recent projects, the total investment of the global port operator in Egypt will exceed US$1.5 billion.

The investment includes the development of a new container terminal in Ain Sokhna Port with a capacity of 1.7 million TEUs, which will be equipped with state-of-the-art technology and equipment. In addition,...

https://container-news.com/hutchison-ports-to-spend-us700-million-to-develop-container-terminals-in-egypt/

Hutchison Ports Invest US$700m in Egyptian Port Projects

Credit: shunya-koide-unsplash

Hutchison Ports, the global port operator, has announced a significant investment in Ain Sokhna Port, Egypt’s major port, and B100, a new container terminal in the Port of Alexandria. The total investment of the two projects is approximately US$700 million, bringing Hutchison Ports’ total investment in Egypt to over US$1.5 billion and paving a solid foundation for the company’s strategy to expand its network and enhance its capabilities in emerging markets,...

https://mfame.guru/hutchison-ports-invest-us700m-in-egyptian-port-projects/

Panamax vessel suffers container collapse off Alexandria, Egypt

The 2000-built container ship Wadi AlRayan suffered a container collapse off the Port of Alexandria in Egypt on 8 December, due to heavy storms.

Several containers of the 3,013TEU vessel have been lost at sea and others have been damaged, but the exact number of the lost/damaged boxes has not been identified.

Wadi AlRayan remains at the Port of Alexandria, where it anchored after the accident on 10 December, according to the Maritime Bulletin’s report.

Container News has asked a comment from the...

https://container-news.com/panamax-vessel-suffers-container-collapse-off-alexandria-egypt/

 CMA CGM Operates New Box Terminal

As competition for Mediterranean container traffic heats up, CMA CGM is set to operate a new container terminal at Egypt’s port of Alexandria, reports the LoadStar.

The French shipping group will manage the multipurpose, 1.5m teu capacity facility, Pier 55, with operations commencing next year.

Facilitating the Development for Larger Vessels

It is the second major box terminal deal for Egypt in six months and follows Hutchison’s August deal to develop a $730m terminal at Abu Qir, just 20km away,...

https://mfame.guru/cma-cgm-operates-new-box-terminal/

CMA CGM to operate new box terminal at Egypt’s port of Alexandria

As competition for Mediterranean container traffic heats up, CMA CGM is set to operate a new container terminal at Egypt’s port of Alexandria.
The French shipping group will manage the multipurpose, 1.5m teu capacity facility, Pier 55, with operations commencing next year.
It is the second major box terminal deal for Egypt in six months and follows Hutchison’s August deal to develop a $730m terminal at Abu Qir, just 20km away, with the …

The post CMA CGM to operate new box terminal at Egypt’s...

https://theloadstar.com/cma-cgm-to-operate-new-box-terminal-at-egypts-port-of-alexandria/

Cooperation deal between USPA & Egyptian ports

The Memorandum of cooperation between the Ukrainian Sea Ports Authority and authorities of two Egyptian ports — Alexandria and Damietta — was signed in Kyiv on 2nd of November. In the future, it is planned to establish a bilateral working group with representatives of shipping lines, traders, port operators to discuss the implementation of joint projects.

The signing was held in Kyiv within the framework of the Seventh Meeting of the Intergovernmental Joint Commission on Economic, Scientific and...

http://container-news.com/cooperation-deal-ukrainian-egyptian-ports/

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