The uncertain political and economic development in Egypt these years is a serious challenge for APM Terminals which owns 55 percent of Suez Canal Container Terminal in Port Said and operates the container terminal. 25 percent of the owners are Egyptian investors of which Suez Cana Authorities is the largest.
In recent months, since the beginning of January, APM Terminals in Port Said – located on the Eastern berth of the canal which is one of the biggest hubs in global shipping, has experienced delays, shutdowns or drops in productivity as a result of the general unrest in the country. Earlier this month, a judge sustained 21 death sentences and added 5 life time sentences following the unrest at a football match last year during which 74 people were killed.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Ørsted wants Maersk as customer in green methanol project
Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.
Singapore names its biggest bunker suppliers
TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.
Record number of ships passed through Suez in 2021
Despite the blockage in the Suez Canal during spring of last year, the crucial waterway set a record for the number of ships passing through in 2021, reports Bloomberg. The canal is expected to complete an expansion by the middle of next year.
Norwegian authorities have no objections to Maersk Drilling merger
Merger between Maersk Drilling and Noble Corporation is one step closer following Norwegian authorities' approval.
Maersk leaves central part of green transformation to market forces
Maersk charters more than 400 ships and targets climate neutrality by 2040, although it is currently not possible to charter a green ship. The carrier aims for the market to solve the problem, says Maersk's head of decarbonization to ShippingWatch.
Sales Director 
Investment Analyst 
Key Account Manager, Denmark 
Director of Lederne Søfart 
Chief Operating Officer