The Nile River Delta ports, strategically located in the south eastern ‘corner’ of the Mediterranean and close to the northern terminus of the Suez Canal, have traditionally played a major role in container liner shipping.
With numerous container terminals established, recently-opened, or under development, Egypt’s ports might play an even more important role in the future, both as Med hubs, and gateways into a country with a growing population.
The number of recently completed and ongoing projects, and the open question as to when the majority of Asia – Europe liner services will return to the Suez Canal, nevertheless raises the spectre of overcapacity in the port sector.
Compared to the situation in mid-2023, before the launch of the Trans Misr Terminal (TMT) at Alexandria and the Hutchison terminal at Abu Qir, new facilities and ongoing expansions of existing piers will add around 10.00 Mteu of annual handling capacity to the Egyptian med ports within only a few years.
With recently-launched terminals, CMA CGM and Evergreen have become invested in Egypt’s port sector, while Hapag-Lloyd and MSC will become invested with the launch of upcoming ports.
Source: Alphaliner
