CMA CGM to operate and manage the Port of Alexandria’s future terminal

CMA CGM

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CMA CGM and the Egyptian authorities have announced they have entered into a long-term partnership for the operation and management of Pier 55, the Port of Alexandria’s upcoming multi-purpose terminal. This partnership will also include the development of logistics solutions, digitalisation, the contribution to the training of younger generations in maritime and logistics, as well as other investments.

The terminal, which covers an area of 560,000 sq m with quays of over 2 km in length, will have a capacity of around 1.5m TEUs and will facilitate the deployment of the Group’s larger vessels. Operations are planned to start in 2022. In Egypt, the Group currently employs almost 300 people and calls six ports, linking the country to the rest of the world. Each year, Group’s vessels cross the Suez Canal more than 700 times.

CMA CGM aims to strengthen its positioning as a container terminal operator in the Mediterranean with terminal capacities of almost 7 m TEUs including:

  • Marseilles-Fos, dynamic container terminals in a leading port
  • Seville, a niche terminal at the heart of the Andalusian area
  • Malta, a leading transhipment hub in the Mediterranean
  • Thessaloniki in Greece, an important gateway for Southeast Europe
  • Lattakia, the historic Syrian leader in container traffic

At the crossroads between Africa, Asia and Europe, the Mediterranean represents a major area for the development of the Group’s operations in maritime transportation, port operations and logistics.

Committed to the energy transition of the maritime industry, the Group will also deploy its service between Asia and the Mediterranean LNG-powered vessels of 15,000 TEUs by the end of 2021.

Source: CMA CGM

 

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