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Danish Maersk Group invests $500 million in Suez Canal

The Suez Canal Authority signed a cooperation agreement with the global Maersk Group, which includes investing $500 million to operate a new container berth in the canal. The Danish shipping company will work on developing the Suez Canal Container Terminal in East Port Said, to turn it into a global container handling terminal in the eastern and southern Mediterranean region, in addition to operating the terminal with the latest advanced systems and communications and transforming it into smart station.

The statement indicated that the new container berth will be 1,000 meters long, adjacent to the existing berth of 500 meters in length, with an increase in the number of cranes to 30, all powered by electricity instead of diesel, in a serious step to reduce the station's emissions and turn it into a green station by the end of 2030.

Source: egypttoday.com


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