Despite the partial restoration of internet and mobile phone services, the current situation continues to be ‘tense and fluid’ as one observer described it, with difficulty likely to be experienced in contacting agents, the Suez Canal Authority, the Suez Canal Pilots and other authorities.
Regrettably the events have overshadowed the recent proud announcement from Egypt’s largest container terminal, the Suez Canal Container Terminal (SCCT) that it is set to complete its Phase 2 expansion next year, which will double its size.
SCCT is a private joint venture company which holds a 49-year BOT concession: APM Terminals owns a 55% stake, Cosco Pacific 20%, the Suez Canal Authority 10%, the Egyptian National Bank 5% and private sector investors the remaining 10%.
With the completion of a dredging project that deepened the terminal’s draft to 17 m and 24 super post-Panamax cranes at the conclusion of the Phase 2 in 2012, SCCT will be capable of handling 5.4m teu annually.
Equipped with the most modern equipment, state-of-the-art technology and advanced operating procedures, SCCT has become one of the best performing container terminals in the global APM Terminals network and the largest container transhipment facility in the eastern Mediterranean region.
The terminal has upgraded its terminal operating system to keep up with the growth, maintaining its close relationship with Realtime Business Solutions (RBS) of Australia for implementation of its Terminal Operation System (TOPS).
In other news from Port Said, the Port Said Container & Cargo Handling Co. (PSCCHC) has regained it ‘millionaire status’ by handling 1.024m teu in 2010, up 34% from 764,453 in 2009