Suez Canal Container Terminal
Encyclopedia
Suez Canal Container Terminal (SCCT) 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 are expected to double terminal size are expected 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.
.
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.
.
In 2002 , Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001 .
.
s to establish transshipment hubs.
The terminal is equipped with management database software, and has invested in Information Technology
.
We believe such key objectives benefit all persons involved in company activities will only be achieved through continually improving of HSE performance through applying safe working practices and procedures, spread safety awareness among employees and contractors and a commitment to safety regulations and rules in all activities carried out.
Authority, Customs
and law enforcement agencies.
company
which has 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 it's shareholder status.
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 27th of November, the Egyptian Prime Minister Dr. Ahmed Nazif
visited the SCCT together with the Minister of Transport, Eng. Mohamed Mansour, Port Said Governor and Port Said Port Authority officials for the ground Breaking 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.
Container terminal
A 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 trains or trucks, in which case the terminal is described as a maritime...
emerged at Port Said East
Port Said
Port Said is a city that lies in north east Egypt extending about 30 km along the coast of the Mediterranean Sea, north of the Suez Canal, with an approximate population of 603,787...
as a transshipment centre for the Eastern Mediterranean at the Northern entrance to the Suez Canal
Suez Canal
The Suez Canal , also known by the nickname "The Highway to India", is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea and the Red Sea. Opened in November 1869 after 10 years of construction work, it allows water transportation between Europe and Asia without navigation...
. 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 are expected to double terminal size are expected to be completed by 2012. This expansion is expected to make the facility the largest container terminal in the Mediterranean Sea
Mediterranean Sea
The Mediterranean Sea is a sea connected to the Atlantic Ocean surrounded by the Mediterranean region and almost completely enclosed by land: on the north by Anatolia and Europe, on the south by North Africa, and on the east by the Levant...
.
The SCCT is a joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
business.
History
The Suez Canal Container Terminal became operational in 2004. However, various designs in 1999 and actions on the part of the Egyptian government lead the tender for a new container terminal in Port SaidPort Said
Port Said is a city that lies in north east Egypt extending about 30 km along the coast of the Mediterranean Sea, north of the Suez Canal, with an approximate population of 603,787...
.
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.
Concession Agreements
The Egyptian government signed a concession agreement for a term of 30 years in relation to the need for a container terminal in Port SaidPort Said
Port Said is a city that lies in north east Egypt extending about 30 km along the coast of the Mediterranean Sea, north of the Suez Canal, with an approximate population of 603,787...
.
In 2002 , Egypt ratified an additional concession agreement, following earlier approval of terminal design in 2001 .
Opening
The terminal officially opened operations in October 2004. It was officially opened at a ceremony of the Egyptian president at the time, Hosni MubarakHosni Mubarak
Muhammad Hosni Sayyid Mubarak is a former Egyptian politician and military commander. He served as the fourth President of Egypt from 1981 to 2011....
.
Current Operations
The current container terminal seeks to greater take advantage of its strategic location on key routes on the Suez Canal. It operates up to 24 cranes . Additionally, it is a goal of the SCCT to encourage global shipping lineShipping line
-History of shipping lines:Large-scale shipping lines became widespread in the nineteenth century, after the development of the steamship in 1783. At first, Great Britain was the centr of development; in 1819, the first steamship crossing of the Atlantic Ocean took place and by 1833, shipping lines...
s to establish transshipment hubs.
The terminal is equipped with management database software, and has invested in Information Technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
.
Equipment
- 12 Super Post-Panamax Quay Crane
- 41 RTGRubber Tyred GantryA Rubber Tyred Gantry crane is a mobile gantry crane used for stacking intermodal containers within the stacking areas of a container terminal...
Cranes - 81 Terminal TractorTractorA tractor is a vehicle specifically designed to deliver a high tractive effort at slow speeds, for the purposes of hauling a trailer or machinery used in agriculture or construction...
- 5 Reach StackerReach StackerA Reach Stacker is one of the most flexible handling solutions whether to operate a small terminal or a medium sized port.Reach stackers are able to transport a container in short distances very quickly and pile them in various rows depending on its access....
- 4 Empty Handler
- 59 SpreaderSpreader (container)The spreader is a device used for lifting containers and unitized cargo.The spreader used for containers has a locking mechanism at each corner that attaches the four corners of the container. A spreader can be used on a container crane, a straddle carrier and at any other machinery to lift...
Health & Safety
SCCT considers health and safety to be a matter of prime concern in the conduct of its daily business. The company is therefore committed to ensuring that, as far as is practicable, all employees and contractors shall work in an environment that is free of hazards that may cause personal injury or losses.We believe such key objectives benefit all persons involved in company activities will only be achieved through continually improving of HSE performance through applying safe working practices and procedures, spread safety awareness among employees and contractors and a commitment to safety regulations and rules in all activities carried out.
Security
Security is handled by the Port Said Port Authority, Suez Canal Authority, Free ZoneFree port
A free port or free zone , sometimes also called a bonded area is a port, port area or other area with relaxed jurisdiction with respect to the country of location...
Authority, Customs
Customs
Customs is an authority or agency in a country responsible for collecting and safeguarding customs duties and for controlling the flow of goods including animals, transports, personal effects and hazardous items in and out of a country...
and law enforcement agencies.
Shareholder Structure
Suez Canal Container Terminal (SCCT) is a private joint ventureJoint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
company
Company
A company is a form of business organization. It is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be...
which has obtained the concession to build, operate, and manage this new terminal. The majority (55%) shareholding of SCCT is held by APM Terminals
APM Terminals
APM Terminals is an international container terminal operating company headquartered in The Hague, Netherlands. It is one of the world's leading port and terminal operators as well as providing cargo support and container Inland Services, and is the largest port and terminal operating company in...
. 20% of the shares are held by COSCO
COSCO
China Ocean Shipping Company, known as COSCO or COSCO Group, is one of the largest liner shipping companies worldwide. It is a government owned company of the People's Republic of China...
, 10% are held by Suez Canal & Affiliates, 5% by The National Bank of Egypt
National Bank of Egypt
- in arabic National Bank of Egypt is the oldest and largest bank in Egypt, and has 405 branches within the country, including 131 in Cairo. It has assets of L.E. 185.3 bn., total deposits of L.E. 155.2 bn., and total loans and advances of L.E. 83 bn...
(NBE) and the remaining 10% are held by the Egyptian Private Sector
COSCO Pacific
COSCO Pacific
COSCO Pacific Limited , headquartered in Hong Kong, is a subsidiary and listed company of COSCO Group owned by COSCO Group. It is mainly engaged in container terminal operations, container manufacturing and leasing, shipping agency and freight forwarding.It has been a Hang Seng Index Constituent...
signed an agreement with SCCT in November 2007 to hold 20% of the shares. IFU-Danish Development Bank no longer maintains it's shareholder status.
SCCT - The Future
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 27th of November, the Egyptian Prime Minister Dr. Ahmed Nazif
Ahmed Nazif
Ahmed Nazif served as the Prime Minister of Egypt from 14 July 2004 to 29 January 2011, when his cabinet was dismissed by President Hosni Mubarak in light of a popular uprising that led to the Egyptian Revolution of 2011...
visited the SCCT together with the Minister of Transport, Eng. Mohamed Mansour, Port Said Governor and Port Said Port Authority officials for the ground Breaking 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.