PORT OF DAMIETTA

Damietta Alliance Container Terminal signs final financing contract

The Damietta Alliance Container Terminal (DACT) has signed the final financing contract for its box terminal in Damietta, Egypt.

The financing consortium comprises international development banks including European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB), DEG and Proparco.

The joint venture, Damietta Alliance Container Terminal S.A.E., consists of the following shareholders:

  • Hapag-Lloyd Damietta GmbH (39%)

https://container-news.com/damietta-alliance-container-terminal-signs-final-financing-contract/

CMA CGM opens new office in Port of Damietta

The new administrative headquarter of the French ocean carrier CMA CGM Group, one of the largest container shipping companies in the world, was inaugurated inside the port of Damietta in Egypt.

Rear Admiral Ahmed Abdel Moaty Hawash, chairman of the Damietta Port Authority (DPA), attended the opening ceremony, as well as, Eng. Tariq Zaghloul, CEO of CMA CGM in Egypt, Muhannad Ahmed, representative of shipowners and Rear Admiral Tariq Adly, DPA deputy chairman for operations, among others.

The...

https://container-news.com/cma-cgm-opens-new-office-in-port-of-damietta/

Hapag-Lloyd, Eurogate and Contship Italia to develop and operate new box terminal in Egypt

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 &...

https://container-news.com/hapag-lloyd-eurogate-and-contship-italia-to-develop-and-operate-new-box-terminal-in-egypt/

Hapag-Lloyd ceases Syria connections with Greece and Egypt

Hapag-Lloyd has announced it will stop providing services that connect the Port of Lattakia in Syria with the Port of Piraeus in Greece and the Port of Damietta in Egypt.

The German ocean carrier said that Lattakia port will be continuing being connected to its network by two feeder services calling Tangier, Morocco and Valencia, Spain.

“These changes are effective immediately and will reflect if a booking request is placed on any of these routings,” noted Hapag-Lloyd in a statement.

Hapag-Lloyd...

https://container-news.com/hapag-lloyd-ceases-syria-connections-with-greece-and-egypt/

European ports brace for cargo losses in Q2

Mediterranean and North European ports are going to be particularly hard hit by the recent rash of cancelled container shipping services according to the Sunday Spotlight from Sea-Intelligence.

According to the Danish consultancy the number of blanked sailings has now reached 250-300% higher than what is normally seen in the Chinese New Year period.

As a result of these vessel cancellations in the second quarter of 2020 Sea -Intelligence analysed where the port calls would be lost. The analysis...

https://container-news.com/european-ports-brace-for-cargo-losses-in-q2/

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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