Suez Canal Container Terminal (SCCT) ( ar, شركة قناة السويس للحاويات) is a
container terminal
A container port or container terminal is a facility where cargo containers are transshipped between different transport vehicles, for onward transportation. The transshipment may be between container ships and land vehicles, for example train ...
located at
Port Said East and functions as a transshipment centre for the Eastern
Mediterranean
The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Western and Southern Europe and Anatolia, on the south by North Africa, and on th ...
at the northern entrance to the
Suez Canal. The terminal has been operational since October 2004. Suez Canal Container Terminal (SCCT) is a private
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...
company that obtained the concession to build, operate, and manage this new terminal. The majority (55%) shareholding of SCCT is held by
APM Terminals. 20% of the shares are held by
COSCO
China Ocean Shipping Company, Limited, formerly China Ocean Shipping (Group) Company, commonly known for its abbreviated name COSCO Group, or simply, COSCO, is a former Chinese Government owned shipping and logistics services supplier compan ...
, 10% are held by Suez Canal & Affiliates, 5% by the
National Bank of Egypt (NBE), and the remaining 10% are held by the Egyptian private sector.
History
The
Egyptian government
The politics of Egypt are based on republicanism, with a semi-presidential system of government. The current political system was established following the 2013 Egyptian military coup d'état, and the takeover of President Abdel Fattah el-Sisi. ...
signed a concession agreement for a term of 30 years in relation to the need for a container terminal in
Port Said
Port Said ( ar, بورسعيد, Būrsaʿīd, ; grc, Πηλούσιον, Pēlousion) is a city that lies in northeast Egypt extending about along the coast of the Mediterranean Sea, north of the Suez Canal. With an approximate population of ...
. In 2002, Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001.
Construction on the SCCT first started in 2003, and a target date of October 1 of the following year was established. The Suez Canal Container Terminal became operational in October 2004.
In 2007, the
Egyptian government
The politics of Egypt are based on republicanism, with a semi-presidential system of government. The current political system was established following the 2013 Egyptian military coup d'état, and the takeover of President Abdel Fattah el-Sisi. ...
signed a concession agreement
for the progression of "Phase II" of the SCCT facility.
See also
*
APM Terminals
*
A. P. Moller-Maersk Group
*
Port Said Port Authority The Port Said Port Authority (PSPA) is a government agency of Egypt, charged with the responsibility to govern, regulate and develop the port facilities in the vicinity of Port Said in the Mediterranean Sea, on the northern terminus of the Suez Cana ...
References
External links
SCCT Suez Canal Container Terminal
{{Suez Canal
2000 establishments in Egypt
Container Terminal, Suez Canal Container Terminal
Transport companies of Egypt
Water transport in Egypt
Ports and harbours of Egypt
Transport companies established in 2000
Container terminals
Port Said
APM Terminals