The new Terminal Two is expected to be operational in 2024. Credit: Hapag-Lloyd.

A joint venture (JV), named Damietta Alliance Container Terminal SAE, has been formed to develop and run a new terminal at the port of Damietta in Egypt.

Hapag-Lloyd Damietta has a 39% stake in the JV while Eurogate Damietta and Contship Damietta each hold a 29.5% interest.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Middle East Logistics & Consultants Group and Ship & CREW Egypt SAE each own a 1% stake in the JV.

Hapag-Lloyd CEO Rolf Habben Jansen said: “With the new terminal, Hapag-Lloyd will significantly improve its transhipment operation in the East Mediterranean market as well as access to the local Egyptian trade.”

The new Terminal Two is anticipated to commence operations by 2024.

With a final total operational capacity of 3.3 million twenty-foot equivalent units (TEU), the terminal will act as a strategic transhipment hub for Hapag-Lloyd in the East Mediterranean.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The final signing of the concession agreement for the project was carried out in Cairo, Egypt.

Egypt transport minister Lieutenant-General Eng Kamel Al-Wazir said: “This is a very encouraging, well-planned partnership of international and Egyptian private sector in order to position Egypt as a global hub for logistics and trade.”

“In this first phase, we will establish the port of Damietta as an integrated logistics hub for containers, which will then be followed by the establishment of logistic corridors reaching different manufacturing areas in Egypt by railway network.”

In March, Hapag-Lloyd agreed to acquire a 6,589TEU container ship from Deutsche Afrika-Linien (DAL), along with a container fleet of nearly 17,800 boxes, as part of its takeover of the latter’s container liner business.