Suez Canal Container Terminal (SCCT), the main operator in Port Said, will invest $500 million to finance the construction of a new 1,000-meter berth.
SCCT already pumped in $60 million worth of investment during 2020, modernizing the cranes at the terminal’s current berths and getting to the point where it can handle as many as two ultra-large container ships at the same time, without disrupting cargo loading and unloading operations.
Maersk subsidiary APM Terminals is the majority shareholder of SCCT which was opened in 2004. Transshipment container handling is the company’s main business; large ships unload their containers at the East Port Said port to ship them back on smaller ships to southern and eastern Mediterranean countries.
Translation by Giles Foster
