11.9 C
Hamburg
Tuesday, June 3, 2025
Home Most Visited - Newsletter CMA CGM to run new Egyptian terminal

CMA CGM to run new Egyptian terminal

CMA CGM will take over the operation and management of the upcoming multipurpose terminal, Pier 55, at the Port of Alexandria, which is expected to commence operations in the next year.

[s2If is_user_logged_in()]The chairman and CEO of the French shipping group, Rodolphe Saadé visited Egypt to close the deal with the national authorities, which includes the development of logistics solutions, digitalisation, the contribution to the training of younger generations in maritime and logistics, as well as other investments.

The Egyptian authorities have confirmed their intention to enter into a long-term partnership with CMA CGM, according to the carrier’s announcement.

The terminal, which covers an area of 560,000m² with quays of over 2km in length, will have a capacity of around 1,5 million TEU and will facilitate the deployment of CMA CGM’s larger vessels.

In Egypt, the French carrier currently employs almost 300 people and calls at six ports, linking the country to the rest of the world, while each year, CMA CGM’s vessels navigate the Suez Canal more than 700 times.

CMA CGM believes that with the control of Pier 55 in Alexandria it will strengthen its strategic positioning and expertise as a container terminal operator in the Mediterranean with terminal capacities of almost 7 million TEU including Marseilles-Fos, Seville, Malta, Thessaloniki in Greece, and Latakia in Syria.

In the meantime, CMA CGM Group will deploy its LNG-powered vessels on its Asia-Med network by the end of 2021. As part of his strategic vision, Rodolphe Saadé has decided to choose Marseille-Fos to bunker these new LNG vessels, making the Mediterranean a major area for the development of the use of LNG.[/s2If]

[s2If !is_user_logged_in()]Please login or register to read the rest of the story[/s2If]





Antonis Karamalegkos
Managing Editor

Latest Posts

Berg Propulsion powers MPCC feeder vessels with bio-methanol optimization

NCL Nordland, the second of two advanced 1,300 TEU feeder vessels designed to pioneer bio-methanol usage in container shipping, has officially entered service. Sister vessel...

Mitsubishi Gas Chemical and MOL take delivery of Japan’s first dual-fuel methanol carrier

Mitsubishi Gas Chemical Company (MGC) announced the successful delivery of a state-of-the-art dual-fuel methanol carrier, chartered from Mitsui O.S.K. Lines (MOL), on a long-term...

Atlantic Forwarding, Atlantic Gate unite under one brand

Atlantic Forwarding and Atlantic Gate unite under one global brand: Atlantic Gate. This rebranding brings together the two entities under one brand. “This rebranding is...

Nuclear-powered vessels gain momentum amid climate push

As the shipping industry seeks radical solutions to meet climate goals and stabilize fuel costs, nuclear propulsion has re-emerged as a transformative force and...

Ukrainian ports face new risks after drone strikes on Russia

On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory. This marks a significant...
error: Content is protected !!