SCZone to hand over new container berth to East Port Said Port in May

The Suez Canal Economic Zone (SCZone) plans to hand over a new 1 km container berth to the East Port Said Port by May, Al Mal reports, citing sources it says are in the know. The Suez Canal Container Terminal Company (SCCT) — East Said Port’s main operator — will then equip the berth with its superstructure, the sources reportedly said. Once completed, the new 1 km berth should raise the port’s capacity to 7 mn containers, up from 5 mn containers currently, the sources are quoted as saying.

Background:The berth comes as part of SCCT’s plansto invest USD 500 mn to expand the capacity of the East Port Said Port. The SCZone and the SCCT also recently inked a framework agreement extending incentives to SCCT operations at the port. The incentives include reductions on berthing, port, and pilotage fees in accordance with tonnage and numbers of containers aboard, as well as promoting shipping through the port.