Suez Canal Container Terminal (SCCT) ( ar, شركة قناة السويس للحاويات) is a

container terminal A container port or container terminal is a facility where cargo containers are transshipped between different transport vehicles, for onward transportation. The transshipment may be between container ships and land vehicles, for example train ...

located at Port Said East and functions as a transshipment centre for the Eastern

Mediterranean The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Western and Southern Europe and Anatolia, on the south by North Africa, and on the e ...

at the northern entrance to the

Suez Canal The Suez Canal ( arz, قَنَاةُ ٱلسُّوَيْسِ, ') is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia. The long canal is a popular ...

. The terminal has been operational since October 2004. Suez Canal Container Terminal (SCCT) is a private

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

company A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...

that obtained the concession to build, operate, and manage this new terminal. The majority (55%) shareholding of SCCT is held by

APM Terminals APM Terminals is a port operating company headquartered in The Hague, Netherlands. A unit of Danish shipping company Maersk's Transport and Logistics division, it manages terminals and provides integrated cargo and inland services. It operate ...

. 20% of the shares are held by

COSCO China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is a former Chinese Government owned shipping and logistics services supplier compan ...

, 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.

History

The

Egyptian government The politics of Egypt are based on republicanism, with a semi-presidential system of government. The current political system was established following the 2013 Egyptian military coup d'état, and the takeover of President Abdel Fattah el-Sisi. ...

signed a concession agreement for a term of 30 years in relation to the need for a container terminal in

Port Said Port Said ( ar, بورسعيد, Būrsaʿīd, ; grc, Πηλούσιον, Pēlousion) is a city that lies in northeast Egypt extending about along the coast of the Mediterranean Sea, north of the Suez Canal. With an approximate population of 6 ...

. 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. In 2007, the

signed a concession agreement for the progression of "Phase II" of the SCCT facility.

References

External links

SCCT Suez Canal Container Terminal
{{Suez Canal 2000 establishments in Egypt Container Terminal, Suez Canal Container Terminal Transport companies of Egypt Water transport in Egypt Ports and harbours of Egypt Transport companies established in 2000 Container terminals Port Said APM Terminals

History

See also

References

External links