Vessel calls, container throughput, and revenue from truck tickets were all up in Q1 2020.
Yahia Zaki, Engineer and Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) reports that East Port Said Port achieved increases across several performance indicators in Q1 2020.
In particular “truck ticket revenues” increased by 80.5%, which he attributed to the opening of the Port Said tunnels in November 2019. Container handling activity also increased significantly. “The number of vessels transmitted by the port increased by 31.8%, and the average number of handled containers increased by 36.4%, outbound containers increased by 77.3%, and incoming containers increased by 19.5%, and the average achieved capacity per ton increased by 27% in the port,” Zaki said.
Despite the COVID-19 pandemic, growth at East Port Said did not taper off in March. The executive said vessel calls were up 17.6%, with the average number of containers handled per call rising by 15.5% compared to March 2019. Import volumes were up by 7% and exports by 78.7%.
Another reason to be optimistic is the signing of an agreement between the Suez Canal Economic Zone (SCZone) and the Suez Canal Container Terminal (SCCT) to enhance the competitiveness of the port, which Zaki expects will help attract more international shipping lines to East Port Said Port.
Lars Christensen, Chairman and CEO of the Suez Canal Container Terminal, said: "We are all proud of our Cooperation with the Suez Canal Economic Zone, in this agreement in which Suez Canal Container Terminal will invest more than $ 50 million to enhance the competitiveness of its terminal and develop its work”.