{"id":91366,"date":"2025-12-29T00:00:00","date_gmt":"2025-12-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=91366"},"modified":"2025-12-29T09:07:27","modified_gmt":"2025-12-29T09:07:27","slug":"egypt-eyes-shipbuilding-megadeal-with-china-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/12\/29\/egypt-eyes-shipbuilding-megadeal-with-china-2\/","title":{"rendered":"Egypt eyes shipbuilding megadeal with China"},"content":{"rendered":"

The Egyptian Transport Ministry is in advanced talks with China State Shipbuilding Corporation <\/strong>(CSSC) for a series of shipbuilding and shipyard projects<\/strong>, a senior government source told EnterpriseAM. The talks, which also include a consortium of other Chinese maritime giants, have yet to land on a final price tag or financing structure. The official suggested they could wrap up as early as the first half of the new year.<\/p>\n

Talks include the modernization and expansion of the Damietta Shipyard \u2014 which <\/strong>currently produces some 60% of Egypt\u2019s fishing vessels<\/strong> \u2014 alongside state-owned shipyards in Port Said and Port Tawfik. A Chinese delegation has already completed site visits, and a preliminary agreement is reportedly close to being finalized, we were told.<\/p>\n

We see this as a play for vertical integration <\/strong>and a natural play on the recent expansion of the domestic steel industry. By localizing the steel-heavy shipbuilding industry with a partner as large as CSSC (the world\u2019s largest shipbuilder), Egypt could move from exporting raw marine-grade steel to using it in high-value manufacturing.<\/p>\n

The move also supports the Sisi administration\u2019s bid to see the national merchant fleet <\/strong>grow to 150 vessels by 2030<\/strong>, up from its previous 36-vessel target<\/a>. The goal is for at least 100 of these vessels to compete in international maritime transport, reducing Egypt\u2019s reliance on foreign shipping lines for strategic commodities like wheat and fuel.<\/p>\n

It also ties in with a USD 2 bn project to <\/strong>shift the canal from serving as a toll road to<\/a><\/strong>a service station pit stop<\/a><\/strong>, which two government sources told EnterpriseAM about last month. To prepare for and accelerate the return of Suez Canal traffic, fixed and floating bunkering stations to refuel vessels of all sizes will be developed, along with new maintenance, logistics, and crew-support services, we were told.<\/p>\n

\n

Sound smart\u2026<\/p>\n

CSSC is a state-owned juggernaut and the world\u2019s largest shipbuilding conglomerate, <\/strong>controlling as much as 23% of the global orderbook.<\/strong> It finalized a massive USD 16 bn merger with its sister company, CSIC, this year in a bid to consolidate its lead over regional rivals.<\/p>\n

CSSC dominates the market in tonnage and volume, building everything from naval <\/strong>destroyers to ultra-large container ships. <\/strong>It\u2019s now targeting market share previously held by South Korean giants like HD Hyundai and Samsung Heavy Industries at the \u201chigh-value\u201d end of the industry, where the two South Korean giants have traditionally led in technologically complex, high-margin vessels like LNG carriers. <\/p>\n

Want to dive deeper? <\/strong>Watch Bloomberg\u2019s How China came to dominate global<\/a>shipbuilding (watch, runtime: 10:38)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move ties in with a USD 2 bn project to shift the canal from serving as a toll road to a service station pit stop<\/p>\n","protected":false},"author":1,"featured_media":91367,"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":[190],"tags":[248,49,17,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shipping-maritime","tag-china","tag-egypt","tag-enterprise-logistics","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"414ecdee-3b62-4b61-a4f3-a2d086a1d0ec","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/12\/1310.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt, 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