Egypt is part of China’s COSCO Shipping’s plans to expand internationally and Hellenic Shipping News suggests that they are taking special interest in the Mediterranean. “New plans include Chinese investment in cruise, logistics and ship-repair zones” in the region. The report notes that COSCO, for example, picked Egypt 12 years ago, focusing on its location, for “the shipping lanes of all the major lines to and from Asia-Europe via the Mediterranean” when it bought a 20% stake in the Suez Canal Container Terminal at Port Said.

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