French container line stated the Egyptian authorities had confirmed their intention to enter right into a long-term partnership with CMA CGM for the operation and administration of Pier 55 on the Port of Alexandria throughout a visit to Egypt by CMA CGM chairman and ceo Rodolphe Saadé.
The terminal will cowl an space of 560,000 sq m with over 2 km of quay, and an annual capability of round 1.5m teu. Operation of the terminal is predicted to begin in 2022.
The brand new terminal will add to CMA CGM’s operations within the Med, which embody Marseilles-Fos, Seville, Malta, Thessaloniki and Lattakia in Syria. Alexandria is situated in a key area for the container line with CMA CGM vessels making greater than 700 transits of the Suez Canal yearly.
The road plans to deploy its new 15,000 teu LNG-powered vessels between Asia and the Mediterranean by the tip of 2021.
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