The Leading Ship, Yacht and Offshore Agency in Egypt Since 1983

The Leading Ship, Yacht and Offshore Agency in Egypt Since 1983

Kadmar Circular No. 58/2022 Terminal Operating Agreement

Kadmar Circular No. 58/2022 Terminal Operating Agreement

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On 29-Jul-2022 Kamel Al-Wazir, Egypt Minister of Transport witnessed the signing of two agreements in the field of maritime transport:

– Terminal Operating Agreement with a technical endorsement from CMATH Terminals Holding Co. to operate the multi-purpose terminal in Alexandria seaport (Trans Misr Terminal – TMT), which is owned by the Egyptian Group for Multipurpose Terminals (EGMPT) for a period of 15 years and

– Terminal Service Agreement to provide container handling services for the CMA-CMG group at the new berth of the terminal for a period of 5 years.

-The agreements were signed by the Chairman and Managing Director of the Egyptian Group for Multipurpose Terminals (EGMPT), the CMA-CGM Executive Vice President of Assets and Operations and the CEO of CMATH Terminals Holding Co.

The minister pointed out that:

– The aim of the first agreement is to ensure compliance with international standards for operating terminals and to define the minimum requirements for providing service from the operator, which in turn will lead to providing the highest competitive rates for container handling maintaining the efficiency of equipment owned by the state.

– The second agreement included several clauses regulating commitments of each party and the achievement of upward handling volumes of containers, as well as the optimal operation of the berth, which It helps to increase the revenues.

-The Minister of Transport confirmed that the multi-purpose terminal in Alexandria Port is one of the most important projects implemented by the Ministry in the field of maritime transport. It handles 12 to 15 million tons of cargo annually and receives 6 to 7 ships of large tonnage at the same time, as the length of the berths is estimated at about 2450 meters.

-In addition, the multi-purpose terminal will raise the classification of Alexandria port, and qualify it to receive ships with large tonnage, and is one of the main tributaries of the logistic station that was established behind the port.

Please be guided accordingly.

Best Regards

Kadmar Shipping

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