Suez Canal Container Terminal

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Suez Canal Container Terminal SCCT
Private
Industry Transport, Terminals
Founded 2000
Headquarters Port Said, Egypt
Key people
Klaus Hom Laursen (CEO)
Jan Buijze (COO)
Website

http://www.scct.com.eg/

31°12′41.18″N 32°21′25.60″E / 31.2114389°N 32.3571111°E / 31.2114389; 32.3571111Coordinates: 31°12′41.18″N 32°21′25.60″E / 31.2114389°N 32.3571111°E / 31.2114389; 32.3571111

Suez Canal Container Terminal (SCCT) (Arabic: شركة قناة السويس للحاويات‎‎) is a container terminal located at Port Said East and functions as a transshipment centre for the Eastern Mediterranean 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 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.[1]

History[edit]

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.[citation needed] In 2002,[citation needed] Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001.[citation needed]

Construction on the SCCT first started in 2003,[citation needed] and a target date of October 1 of the following year was established. The Suez Canal Container Terminal became operational in October 2004.[1]

In 2007, the Egyptian government signed a concession agreement[2] for the progression of "Phase II" of the SCCT facility.[1]

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