Management in West Port Said have reduced some tariffs while maintaining the reduction rate granted to Egyptian export containers, in a bid to gain customers following a tough period for the port.
There will also be increased free storage for import containers, local and foreign exports, while some storage prices will be cut.
The terminal operator, Port Said Cargo & Container Handling Company (PSCCHC), noted in a statement: “This step is matching with the company’s policy to maximising its competitiveness capacity and to attract more shipping lines.”
Egypt has faced high foreign exchange rates and high prices of fuel, energy and raw materials, resulting in increased prices of equipment and port services.
There has also been “fierce competition from neighbouring terminals and low storage fees of containers in the private terminals outside the port,” noted PSCCHC.
Last year, the facility, Port Said Container Terminal (PSCT), lost 19% of its volumes while its larger neighbour, Suez Canal Container Terminal (SCCT) saw container throughput sink by 14%.
However, SCCT has recovered somewhat in 2017 with volumes up by 9% to 1.36m teu in the first six months of the year.
PSCT has also had a boost, recently handling a new service from CMA CGM, American President Lines (APL) and COSCO Shipping.
This service links between the Middle East, Djibouti, the Arabian Gulf, Pakistan and India.