CMA CGM to operate and manage new terminal in Port of Alexandria
FRENCH shipping giant CMA CGM says Egyptian authorities have confirmed their intention to enter into a long-term partnership with the shipping liner to operate and manage Pier 55 at the Port of Alexandria during a trip to Egypt by CMA CGM chairman and CEO Rodolphe Saade
02 February 2021 - 19:00
The terminal will cover an area of 560,000 square metres with over 2 kilometres of quay, and an annual capacity of around 1.5 million TEU. Operation of the terminal is expected to start in 2022.
The new terminal will add to CMA CGM's operations in the Mediterranean, which include Marseilles-Fos, Seville, Malta, Thessaloniki and Lattakia in Syria. Alexandria is located in a key region for the container line with CMA CGM vessels making more than 700 transits of the Suez Canal annually.
The line plans to deploy its new 15,000 TEU LNG-powered vessels between Asia and the Mediterranean by the end of 2021, according to Colchester's Seatrade Maritime News.
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