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CMA CGM Reported To Be Interested In Multi-purpose Terminal In Alexandria Port

CMA CGM reported to be interested in multi-purpose terminal in Alexandria port

Alexandria, Egypt (PortSEurope) January 24, 2021 – The Al-Mal newspaper reported last week that the French shipping group CMA CGM is negotiating the operator’s contract for the multi-purpose terminal in Alexandria port, adding that a deal that could be sealed in day. The terminal covers an area of ​​560,000 m² with berths of up to 2,500 meters, distributed by three berths for ships, two for
containers and two berths for general cargo. The project is managed by the Egyptian Group for Multipurpose Stations Company, with a loan led by the National Bank of Egypt of up to EGP 5.6 billion, out of a total cost of EGP 7.7 billion. Construction is scheduled for completion this year, and to be come operational in 2022. This is the first experience of the “CMA – CGM” company in Egypt, which is the third largest international shipping line after the “Maersk” line and the European “MSC”. The capacity of the new terminal will reach about 1.2 million containers. Last October, Egyptian Transport Minister Kamel al-Wazir met with the Singaporean ambassador in Egypt, Dominic Goh, and officials from the PSA International (Port of Singapore Authority) Corporation, to discuss cooperation in managing and operating a multipurpose terminal in Alexandria Port. CMA CGM SA is a French container transportation and shipping company. It is a leading worldwide shipping group, using 200 shipping routes between 420 ports in 150 different countries. Last month, the company set up the new NC LEVANT EXPRESS container with an Eastern Mediterranean rotation including Alexandria port. The full rotation is: (35 days): Southampton – Rotterdam – Hamburg – Antwerp – Le Havre – Tanger – Malta – Alexandria – Damietta – Beirut – Mersin – Iskenderun – Algeciras – Southampton. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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