Hapag-Lloyd boosts terminal network with new Damietta hub
Hapag-Lloyd is set to grow its nascent terminal network, signing a deal with the Egyptian ...
© Khunaspix Dreamstime.
The Suez Canal is said to earn the Egyptian government around $5bn in revenue a year, and it is seeking to build on this with the development of a huge new logistics cluster along the world’s busiest shipping artery. But it will not be an easy task, as shipping traffic through the canal has previously been the target of Islamist militants keen to destabilise the army-dominated government.
Comment on this article