Hapag-Lloyd to build 3 million TEU terminal in Egypt

The Terminal 2 will be located about 60 kilometres from the northern outlet of the Suez Canal, a location which Hapag-Lloyd said will boost its transshipments business in Damietta.

The harbour basin will have a water depth of 18 metres, compared to the current 14 metres found at Terminal 1, which means that the new terminal will be able to handle ships of all sizes, including the 23,500+ TEU dual fuel ships the carrier just ordered.

The terminal is planned to be completed by the second half 2024, with operations ramping up in 2025.