Egypt’s SCCT to invest USD 60 mn to expand East Port Said container terminal

Suez Canal Container Terminal (SCCT) is planning to spend USD 60 mn starting July to add capacity to the East Port Said Port container terminal, CEO Lars Christensen said, according to Hapi Journal. The company, which is majority-owned by Maersk subsidiary APM Terminals, will invest in new port cranes that will allow two vessels to dock simultaneously.