The Suez Canal Container Terminal (SCCT) aims to invest $60 million during 2021 to develop the infrastructure of the east terminal of Port Said port, announced Chief Commercial Officer Sunai Mukherjee.
Mukherjee told a press conference in Cairo Tuesday that the company, which owns 18 cranes including six giant cranes, will add another six in 2021.
Asked by Reuters about the number of containers in circulation, Mukherjee indicated that the volume of container handling increased to 20 percent in 2020 to reach 3.78 million containers, which is the highest circulation rate in the history of the terminal’s operation since its inception in 2004.
He said the company is targeting a seven percent increase in the number of containers handled during this year.
The company also aims to raise its winches from 50 to 60-yard winches, according to Mukherjee.
The majority shareholding of SCCT is held by APM Terminals, while 20 percent of the shares are held by COSCO, 10 percent are held by Suez Canal and Affiliates, 5 percent by the National Bank of Egypt (NBE), and the remaining 10 percent are held by the Egyptian private sector.
