Egypt still in talks with Singapore’s PSA International over East Port Said container terminal

Egypt is back in talks with Singapore’s PSA International to build and manage acontainer terminal in East Port Said, the head of the Holding Company for Maritime and Land Transport Mohamed Youssef tells Al Borsa, explaining that his company had asked to receive an updated feasibility study that also covers terminal maintenance. The statement follows reports last week that disagreements over the contract led Egypt to freeze negotiations with PSA and begin looking at offers from players such as China’s COSCO Shipping Lines.