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Hapag-Lloyd and partners invest in Container Terminal in Egypt

June 21 , 2022

HAMBURG - A “With the new terminal Hapag-Lloyd will significantly new terminal will be improve its transshipment operation in the East Mediterranean built in the port of market as well as access to the local Egyptian trade”, said Damietta, about 200 kilometers north form the Egyptian Mr. Rolf Habben Jansen, CEO of Hapag-Lloyd.
capital Cairo. For this purpose, a Joint Venture was founded to Mr. Thomas H. Eckelmann, Chairman of the EUROGATE develop and operate the new “Terminal 2”. The Joint Venture Group Management Board, stated: “With the Terminal 2 being “Damietta Alliance Container Terminal S.A.E.” consists of operational in 2024, Hapag-Lloyd and its partners will be able to
three core shareholders: Hapag-Lloyd Damietta GmbH use a state-of-the-art terminal with sufficient capacity, high (39%), Eurogate Damietta GmbH (29.5%) and Contship productivity and a dense feeder network.”
Damietta Srl (29.5%). Two other partners, Middle East The Egyptian Minister of Transport, Lieutenant-General Logistics & Consultants Group and Ship & C.R.E.W. Egypt Eng. Kamel Al-Wazir, commented: "This is a very encouraging, S.A.E., will each hold 1%. well-planned partnership of international and Egyptian private The new Terminal 2 at the port of Damietta is expected sector in order to position Egypt as a global hub for logistics and to start operations by 2024. It will have a final total trade. In this first phase we will establish the port of Damietta as operational capacity of 3.3 mio TEU and serve as an integrated logistics hub for containers, which will then be Hapag-Lloyd´s dedicated strategic transshipment hub in followed by the establishment of logistic corridors reaching to mthe East Mediterranean. different manufacturing areas in Egypt by railway network."

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