SCCT sees volumes grow by 25% in H1 2008

Jens Floe, managing director at SCCT, said: “Our success reflects the attractiveness of SCCT and our state-of-the-art terminal facility at a unique location in the Eastern Mediterranean. We are very pleased with the half-year result and we expect to end the year in similar fashion, with a total throughput well above the 2m teu mark.”

Building on its current success and positioning itself for the future, SCCT last year agreed a concession for the development of its Phase II expansion. When this is completed in 2011, the combined terminal will have an annual capacity of 5.1m teu, making SCCT the single largest container terminal in the Mediterranean.

The first contract of Phase II, for the construction of a 1,200 m quay wall at a cost of US$219m, which is expected to commence by the end of 2008, has been signed with China Harbour Engineering Company Ltd (CHEC). The first berth of Phase II is expected to be ready in the first quarter of 2010. In total, the SCCT Phase II terminal expansion will represent an investment in excess of US$700m.