Why Maersk, Hutchison, Evergreen, CMA CGM and Hapag-Lloyd are expanding port projects in Egypt
With the latest announcement – the extension of the large container terminal of Port-Saïd operated by APM terminal (Maersk group) – it is yet another XXL port project that is arriving in Egypt, where the large international operators are banking on the asset constituted by the Suez Canal.
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▪ Why Maersk, Hutchison, Evergreen, CMA CGM and Hapag-Lloyd are expanding port projects in Egypt
▪ With the latest announcement – the extension of the large container terminal of Port-Saïd operated by APM terminal (Maersk group) – it is yet another XXL port project that is arriving in Egypt, where the large international operators are banking on the asset constituted by the Suez Canal.
▪ https://www.africabusinessplus.com/en/813886/why-maersk-hutchison-evergreen-cma-cgm-and-hapag-lloyd-are-expanding-port-projects-in-egypt/
The extension of the Port Said terminal has been on the cards of the Egyptian authorities for years. Big names have been approached, but the current operator is finally putting money back into the machine.
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