Egypt green methanol facility MoU signed
NewsAD Ports Group, Transmar, and Orascom Construction partner to develop a green methanol storage and export facility in Egypt, supporting decarbonisation and clean energy initiatives.
Suez Canal Container Terminal posts 11% increase
A throughput increase of 11% in 2009 brought total volume to 2.7M TEU and the Phase II plan to double capacity to 5.4M TEU is on schedule
While in 2009 overall global container throughput declined by an estimated 10%, and the total number of vessels transiting the Suez Canal dropped by 20%, Suez Canal Container Terminal (SCCT) has reported growth of 11% to a record 2.7M TEU handled.
In 2008, SCCT throughput surged by 34% and today it accounts for one out of every five transshipped TEU in the Eastern Mediterranean.
A planned rail link to the greater Cairo area is expected to boost local cargo traffic through the terminal. In addition, a second consecutive year without an increase in the Suez Canal toll structure may bring more business to SCCT as liner services return to Canal use.
With the completion of a dredging project last year, which deepened the terminal’s draft from 13.9m to 14.5m, and the expected complement of 24 super-post Panamax cranes at the conclusion of the Phase II expansion now underway, SCCT is capable of handling the largest containerships entering the global container fleet.
Phase II is scheduled to be operational in 2012 and will increase annual capacity at SCCT to 5.4M TEU, at a time that several other terminal expansion projects in the region have been postponed or cancelled.
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