Suez Canal Container Terminal
History and museums
Suez Canal Container Terminal (SCCT) (Arabic: شركة قناة السويس للحاويات) is a container terminal emerged at Port Said East as a transshipment centre for the Eastern Mediterranean at the northern entrance to the Suez Canal. The terminal has been operational since October 2004. Expansion on the facility increased the total number of operational quay cranes to 12. Additionally, terminal expansion plans expected to double terminal size were planned to be completed by 2012. This expansion is expected to make the facility the largest container terminal in the Mediterranean Sea.
The SCCT is a joint venture business.
The Suez Canal Container Terminal became operational in 2004. Designs in 1999 and actions on the part of the Egyptian government lead the tender for a new container terminal in Port Said.
In 2007, the Egyptian government signed a concession agreement for the progression of "Phase II" of the SCCT facility.
Construction on the SCCT first started in 2003, and a target date of October 1 of the following year was established.
The Egyptian government signed a concession agreement for a term of 30 years in relation to the need for a container terminal in Port Said.
In 2002, Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001.
The terminal officially opened operations in October 2004 at a ceremony of the Egyptian president at the time, Hosni Mubarak.
The terminal is situated in a separate entrance route from the Mediterranean, near Port Said. It operates up to 24 cranes. Additionally, it is a goal of the SCCT to encourage global shipping lines to establish transshipment hubs.
The terminal is equipped with management database software and has invested in information technology.
Suez Canal Container Terminal (SCCT) is a private joint venture 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, 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.
COSCO Pacific signed an agreement with SCCT in November 2007 to hold 20% of the shares. IFU-Danish Development Bank no longer maintains its shareholder status.
In September 2007, the Government of Egypt signed a contract with Suez Canal Container Terminal to build and operate Phase II of the terminal which will include another 1200 m of quay. This agreement will put SCCT in the Mediterranean ports frontline.
The new phase will commence operation in the first half of 2010 and will work with full capacity in the first half of 2011.
On 27 November, the Egyptian Prime Minister Dr. Ahmed Nazif visited the SCCT with the Minister of Transport, Eng. Mohamed Mansour, Port Said governor and Port Said Port Authority officials for the groundbreaking ceremony of the Phase 2 extension.
SCCT’s phase 2 will increase terminal capacity from 2.5 million TEU to 5.1 million TEU raising the total investment to USD$730 million. After the completion of Phase II, SCCT can offer a quay wall of 2400 meters and 24 post-panamax quay cranes.