Suez Canal Container Terminal

Suez Canal Container Terminal (SCCT) (Arabic: شركة قناة السويس للحاويات‎) is a container terminal located at Port Said East and functions as a transshipment centre for the Eastern Mediterranean at the northern entrance to the Suez Canal. The terminal has been operational since October 2004. Suez Canal Container Terminal (SCCT) is a private joint venture company that obtained the concession to build, operate, and manage this new terminal. The majority (55%) shareholding of SCCT is held by APM Terminals. 20% of the shares are held by COSCO, 10% are held by Suez Canal & Affiliates, 5% by the National Bank of Egypt (NBE), and the remaining 10% are held by the Egyptian private sector.[2]

Suez Canal Container Terminal SCCT
Private
IndustryTransport, Terminals
Founded2000
HeadquartersPort Fuad, Egypt[1]
Key people
Klaus Hom Laursen (CEO)
Jan Buijze (COO)
ParentMaersk 
Websitehttp://www.scct.com.eg/ 31°12′41.18″N 32°21′25.60″E

History

The Egyptian government signed a concession agreement for a term of 30 years in relation to the need for a container terminal in Port Said. In 2002, Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001.

Construction on the SCCT first started in 2003, and a target date of October 1 of the following year was established. The Suez Canal Container Terminal became operational in October 2004.[2]

In 2007, the Egyptian government signed a concession agreement[3] for the progression of "Phase II" of the SCCT facility.[2]

See also

References
  1. El-Bastawisy, Magdy M. (1 January 2016). "Incorporating Local Urban Environmental Conservation and Regional Development: Port Fouad, Egypt". Procedia Environmental Sciences. Elsevier. 34: 271–284. doi:10.1016/j.proenv.2016.04.025.
  2. "SCCT - SUEZ CANAL CONTAINER TERMINAL". Retrieved September 30, 2011.
  3. "E-Logi.net Suez Canal Container Terminal (SCCT) signs concession agreement for Phase II of the East Port Said terminal development". September 9, 2007. Retrieved September 30, 2011.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.