{"id":602645,"date":"2019-04-02T04:05:55","date_gmt":"2019-04-02T04:05:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/"},"modified":"2019-04-02T04:05:55","modified_gmt":"2019-04-02T04:05:55","slug":"shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/","title":{"rendered":"Shipping lines ask for cheaper fees to return to East Port Said Port"},"content":{"rendered":"

Shipping lines that have withdrawn from East Port Said Port since 2017 have asked for a new fixed-fees system for 3-5 years to compete with alternative ports, Suez Canal Container Terminal CEO Lars Christensen said, according to Al Mal<\/a>. Suez Canal Container Terminal (SCCT), which is majority-owned by Maersk subsidiary APM Terminals, has been making losses of USD 1 mn a month<\/a> since the beginning of the year as it struggles to compete with cheaper alternatives, including Greece\u2019s Port of Piraeus whose fees are 60% cheaper. SCCT\u2019s profits were halved last year, forcing the company to lay-off 400 employees, Christensen said. Sixteen major shipping lines have stopped docking at the port due to the high fees.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shipping lines that have withdrawn from East Port Said Port since 2017 have asked for a new fixed-fees system for 3-5 years to compete with alternative ports, Suez Canal Container Terminal CEO Lars Christensen said, according to Al Mal. Suez Canal Container Terminal (SCCT), which is majority-owned by Maersk subsidiary APM Terminals, has been making […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7278],"tags":[72,7111,145,7103],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602645","post","type-post","status-publish","format-standard","hentry","category-infrastructure","tag-enterpriseam","tag-infrastructure","tag-logistics","tag-suez-canal","wpautop","entry"],"acf":{"mongo_id":"2512d98c-ece2-4c88-87c7-6a188c108293","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602612],"teaser":"","voice_url":""},"yoast_head":"\nShipping lines ask for cheaper fees to return to East Port Said Port - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/02\/shipping-lines-ask-for-cheaper-fees-to-return-to-east-port-said-port\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shipping lines ask for cheaper fees to return to East Port Said Port\" \/>\n<meta property=\"og:description\" content=\"Shipping lines that have withdrawn from East Port Said Port since 2017 have asked for a new fixed-fees system for 3-5 years to compete with alternative ports, Suez Canal Container Terminal CEO Lars Christensen said, according to Al Mal. 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