Maersk Plans Fresh $500 Million Investment to Develop SCCT
According to a report on the Blue Economy website, A. P. Moller-Maersk is planning to invest $500 million to develop the Suez Canal Container Terminal in East Port Said and transform it into a global hub for container handling and shipping.
An agreement to that effect was signed in Copenhagen between Admiral Osama Rabie, Chairman of the Suez Canal Authority and Henriette Hallberg Thygesen, EVP, CEO Fleet & Strategic Brands at A.P. Moller - Maersk.
Plans have been drawn up to develop a 1000-meter container berth alongside the exisiting 500-meter berth at East Port Said. Additional STS cranes will also be added bringing total number up to 30.
As part of the port's sustainability push all the cranes will electrically powered instead of deisel.
This investment by Maersk will go a long way in making the Suez Canal Container Terminal (SCCT) smarter, greener and future ready.
Admiral Osama Rabie culminated his Denmark visit with a meeting with A.P. Moller International Group CEO, Soren Skou during which the two discussed further plans to modernise SCCT and witnessed the signing of a number of agreements.