APM Terminals officially opened the latest expansion of the Suez Canal Container Terminal (SCCT) over the weekend, releasing approximately 2 million TEU of annual terminal capacity into the Eastern Mediterranean transshipment market.
However, with a new terminal scheduled to open soon in Damietta, the Eastern Mediterranean transshipment market is expected to see a sudden surge in capacity.
The SCCT canal expansion added just under one kilometer of new pavement and 510,000 square meters of yard…
The post Egyptian port expansions may provide a respite to the Eastern Mediterranean in the event of resumption of canal crossings appeared first on The Loadstar.
