Announced
Synopsis
Hapag-Lloyd, a global liner shipping company, Middle East Logistics & Consultants, a provider of shipping and logistics services, and Ship & CREW, a firm that load and unload cargo, agreed to form a Damietta Alliance, a joint venture developing and operating a new container terminal in Damietta, Egypt. Financial terms were not disclosed. “With the new terminal Hapag-Lloyd will significantly improve its transshipment operation in the East Mediterranean market as well as access to the local Egyptian trade," said Rolf Habben Jansen, Hapag-Lloyd CEO.
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