shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Competition Increases as Hapag Develops New Terminal in Egypt

Competition Increases as Hapag Develops New Terminal in Egypt

by Joshua
May 16, 2022
in Coast To Coast

Hapag-Lloyd is developing a large container terminal in the northern Egyptian port of Damietta that will become a transshipment hub for the eastern Mediterranean. The German shipping company has been working to expand its role in African shipping and follows competitors Maersk, MSC, and CMA CGM that have all been investing in their terminal and logistics operations.

Hapag-Lloyd
One of the ships in the fleet of Shipping Line; Hapag-Lloyd

The new terminal will be built not far from Port Said and the northern terminus of the Suez Canal. Expected to start operations by 2024, it will have a total operational capacity of 3.3 million TEU when completed and serve as Hapag-Lloyd´s dedicated strategic transshipment hub in the eastern Mediterranean.

The location will place the new terminal in direct competition with the nearly 20-year-old Suez Canal Container Terminal, which is also currently undergoing renovations and expansion. Maersk’s APM Terminals owns 55 percent of the Suez terminal operation with a large investment also from COSCO. The terminal is being expanded to handle up to 5.4 million TEU and has capabilities to service the largest containership in operation with a total of 18 super-post Panamax cranes.

“With the new terminal Hapag-Lloyd will significantly improve its transshipment operation in the East Mediterranean market as well as access to the local Egyptian trade,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.

The new terminal will be established through a joint venture with investments from Germany’s Eurogate which also operates terminals in Tangier, Italy, and Cyprus in the Mediterranean and Contship Italia Group which also operates terminals in the Mediterranean. Egypt will participate in the project through Middle East Logistics & Consultants Group and Ship & C.R.E.W. Egypt, which will each hold one percent of the joint venture.

The Egyptian Minister of Transport, Lieutenant-General Eng. Kamel Al-Wazir, commented, “This is a very encouraging, well-planned partnership of international and Egyptian private sector in order to position Egypt as a global hub for logistics and trade. In this first phase, we will establish the port of Damietta as an integrated logistics hub for containers, which will then be followed by the establishment of logistic corridors reaching to different manufacturing areas in Egypt by railway network.”

Read Also: China To Strengthen Public Interest In Maritime Litigation

Hapag has been using its strong profits from the containership operations to increase its investment and activity in Africa. In 2021, Hapag acquired Dutch container shipping company Nile Dutch which is one of the leading providers of container services to and from West Africa. Recently, Hapag also announced an agreement to acquire the container business of Deutsche Afrika-Linien which operates with four liner services between Europe, South Africa, and the Indian Ocean.

The competition in Africa is expected to increase as the major shipping companies increase their presence on the continent. In April 2022, MSC entered into a share purchase agreement for Bolloré group’s shipping, logistics, and terminal operations. Bolloré operates in 47 African countries with 16 container terminals, seven ro/ro terminals, two wood terminals, and a river terminal.

shippingposition

Kindly like us on Facebook


Tags: Hapag

Related Posts

 CMA CGM Launches Electric River Barge with NIKE

 CMA CGM Launches Electric River Barge with NIKE

June 1, 2025
Egypt To Reduce Customs Clearance Time To 2 Days By 2025

Egypt To Reduce Customs Clearance Time To 2 Days By 2025

June 1, 2025
UK-Korea Workshop Focuses on Regulatory Readiness for Autonomous Shipping

UK-Korea Workshop Focuses on Regulatory Readiness for Autonomous Shipping

June 1, 2025
158 Vessels Abandoned Globally, Impacting 1,501 Seafarers —-ITF

158 Vessels Abandoned Globally, Impacting 1,501 Seafarers —-ITF

June 1, 2025

Latest News

NPA Targets N1.28 Trillion Revenue In 2025

NPA Targets N1.28 Trillion Revenue In 2025

June 24, 2025

Customs Proposes N1.13 Trn For Its 2025 Operation

After Eno’s Defection, NYCN Urges Tinubu To Actualise Ibom Deep Seaport Project

Railway Police Arrest Alleged Vandals In Ilorin, Kano, Gombe

OMT Makes History as First LNG-Powered Container Ship Berths in West Africa

APFFLON Congratulates CG Adewale, Calls for Two-Year License Validity for Freight Forwarders

AfCFTA SHOCKER: Nigeria’s First Kenya-Bound AfCFTA Cargo Spends 50 Days To Destination 

ENL Debunks Ship Fire Report At Apapa Terminal     

Lekki Tanker Drivers Defy E-Call Up System, Abandon Seven Fully Equipped Parks Over Fee Dispute 

India, China, US Dominate Nigeria’s Foreign Trade In Q1 2025 As Trade Surplus Hits ₦5.17trn   

‘Freight Forwarders Deserve Share of CVFF’ — ANLCA Chieftain Makes Case As FG Targets August Disbursement     

FG Donates 1000 Life Jackets To Residents Of Kwara, Says Boat Mishap Avoidable     

kindly like our Facebook page

Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts
Health

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025

Association of Medical Laboratory Scientists of Nigeria, Lagos State chapter, has raised the alarm over the increasing number of men...

20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025
Some Truths and Myths About Agbo Herbal Concoction

Some Truths and Myths About Agbo Herbal Concoction

April 21, 2025
The Malaise Of Misuse of Antibiotics

The Malaise Of Misuse of Antibiotics

April 14, 2025
Urologist Debunks Breast-Cancer Prevention Myth

Urologist Debunks Breast-Cancer Prevention Myth

April 14, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition