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SCZONE signs contracts for industrial zone development in East PortSaid Port

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SCZONE signs contracts for industrial zone development in East PortSaid Port. Image: SCZONE
SCZONE signs contracts for industrial zone development in East PortSaid Port. Image: SCZONE
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Within the framework of the integration strategy between the industrial zones and the affiliated ports pursued by the Suez Canal Economic Zone, Mr. Waleid Gamal El-Dein, Chairman of SCZONE, signed a contract for “the development of an industrial zone” in East PortSaid Port between The General Authority for Suez Canal Economic Zone and Roots company. The contract was signed by Mr. Haitham Noah, Chairman and Managing Director of Roots FMCG.

The Chairman of SCZONE also signed a commitment contract for the “design, construction, management, operation and maintenance” of a multi-purpose terminal in East PortSaid Port between the General Authority for the Suez Canal Economic Zone and the Consortium. The contract was signed by Mr. Tarek Hussein, Vice Chairman of the Board of Directors, on the sidelines of the Climate Change Summit COP27, currently being held in Sharm El-Sheikh, Egypt.

“The multi-purpose terminal comes within the framework of SCZONE’s keenness to maximize the benefit from the East Port Said port, which is located at the northern entrance to the Suez Canal. This project will provide 400 direct and indirect job opportunities, with cumulative investments estimated at $65 million.” Waleid Gamal Eldein, stated.

“The East PortSaid integrated zone is witnessing several development projects in the port and the dry bulk station project for grains, in addition to the vision for industrial development. which made the East Port Said Industrial Zone a distinguished location and qualified to be one of the most important hub of heavy industries in Egypt as well as one of the most important commercial hub due to the potential of the port.” Gamal El-Dein added.

It is worth to be mentioned that these contracts were signed during the proceedings of the climate summit, where SCZONE achieved huge success in attracting different kinds of cooperation in the green fuel industries. SCZONE also signed 10 final contracts for green fuel production.

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Container Terminal

Port of Houston shows growth in container volumes by 18% 

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Port of Houston shows growth in container volumes by 18%. Image: Port Houston
Port of Houston shows growth in container volumes by 18%. Image: Port Houston
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Port of Houston once again grew it October container volume in double digits, continuing
the trend seen throughout 2022. A total of 371,994 TEUs were handled during the month, a 13%
increase compared to October 2021. Loaded container TEUs reached the highest volume ever and were up 21% compared to the same month last year. Overall, container volume is up 18% year-to-date at Port Houston’s terminals and has surpassed the 3M mark thus far, with 3,333,924 TEUs

“Although the import demand in the U.S. appears to be softening, we have not seen any slowing in
Houston in recent months,” said Roger Guenther, Port Houston Executive Director. “We are handling record amounts of cargo and remain focused on aggressive infrastructure development to optimize capacity and efficiently handle current and future demand through our port.

One change that was announced last month is the addition of new dwell fees. A sustained import dwell fee is expected to be implemented early next year to address long-term container dwell. “The additional dwell fees are intended to minimize storage of containers on terminal. Boxes need to move through the terminal quickly to maintain a fluid environment and superior level of service for our customers,” Guenther said.

Total tonnage across Port Houston’s facilities was up 18% in October and 25% for the year as compared to last year. Goods with significant increases for the month included bagged goods, at 239% up, and plywood at 73%. Auto imports were up 61% for the month in October 2022 and 9% year-to-date. Steel Imports were down this month for the first time since June 2021. Steel volume has been strong this year, and annual steel tonnage could reach the highest quantities seen at Port Houston in more than five years.

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Portchain partners with Hapag-Lloyd to deploy Portchain Connect

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Portchain partners with Hapag-Lloyd to deploy Portchain Connect. Image: Portchain
Portchain partners with Hapag-Lloyd to deploy Portchain Connect. Image: Portchain
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Portchain announced a 5-year global partnership with Hapag-Lloyd to deploy Portchain Connect across their global operations. Portchain Connect digitizes the berth alignment process between carriers and terminals, empowering them to make earlier and more frequent planning decisions for the benefit of schedule reliability and terminal asset utilization. This digital transformation will further position Hapag-Lloyd to accelerate other initiatives that rely on timely and accurate schedule information to serve their customers better.

Using Portchain Connect, Hapag-Lloyd will transform their traditional email and phone communication to a digital flow of information for aligning berth arrival information with terminals, offering their terminal network direct access to schedule updates and essential vessel call information on the platform. By taking this step, Hapag-Lloyd empowers terminals with the data to optimize their berth planning, leading to improved customer service and improved asset utilization.

“We are delighted to be working with Portchain on digitizing and streamlining our berth alignment processes and look forward to creating value for our important Terminal partners throughout our network. We believe in the power of leveraging automated data flows to optimize our Port Calls and create transparency and efficiency for our valued Marine and Port Operations teams globally’’ said Andrew Allen, Director – Terminal Partnering, Hapag-Lloyd.

Hapag-Lloyd chose to partner with Portchain because of its experience with solving berth alignment inefficiencies in container shipping, and its position as a neutral software vendor focused on creating value for both carriers and terminals. Portchain provides a platform that enables carriers and terminals to securely share their schedule and berthing data with each other through their systems and an easy-to-use web application. The unique combination of system and user-generated data ensures that any container terminal or ocean carrier can join the network – no matter how large, small or digitally mature their operation is.

Portchain Connect facilitates digital handshakes and alignment between the terminal, carrier and connected stakeholders. This alignment process enables the opportunity to capture the benefits of Just-In-Time arrivals, which the IMO estimate can reduce CO2 emissions and bunker consumption by 5.9% in the 24 hours leading up to arrival.

Portchain Connect has been adopted by 33 terminals in the past 10 months, and the growth of the network is accelerating. Network growth will be further reinforced by 3 ocean carriers trialing the platform in the coming months.

“We are excited to partner with Hapag-Lloyd to digitalize the berth alignment process with terminals across the world. Hapag-Lloyd is an ambitious ocean carrier that is taking big steps to digitalize its operations and enable Just-In-Time Arrivals with its terminal network. We are excited to help them unlock the value of their data, providing terminals with more accurate and timely information to improve terminal efficiency.” commented Niels Kristiansen, CEO & Co-Founder, Portchain.

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Container Terminal

DP World teams up with Emirates Development Bank

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DP World teams up with Emirates Development Bank to finance SME growth. Image: DP World
DP World teams up with Emirates Development Bank to finance SME growth. Image: DP World
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DP World has teamed up with Emirates Development Bank (EDB), signing a Memorandum of Understanding to provide small and medium-sized enterprises (SMEs) access to trade financing through DP World’s trade finance platform.

It includes a formal framework for EDB and DP World to provide SMEs with access to trade financing at competitive rates via DP World’s trade finance platform. Both parties will also focus on developing joint thought-leadership and outreach programmes and providing financial solutions to support SMEs’ business growth.

Despite being a vital component of global trade, SMEs often encounter challenges with cross-border transactions, supply chain disruptions, and rising raw material costs. To help support the development of SMEs in the UAE, EDB provides financing and innovative banking solutions that ensure the sustainable growth of all parties involved in the development process.

Through the digital platform, DP World facilitates relations between importers, exporters, and logistics companies with financial institutions from around the world. The platform provides borrowers numerous trade finance solutions while providing lenders access to data on cargo movements so they can support SMEs with confidence. These services are provided by DP World Financial Services Limited, a company registered under the Dubai International Financial Centre (DIFC) and regulated by Dubai Financial Services Authority (DFSA).

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “We strive to provide new solutions for our customers that not only add value to the services we provide, but also help digitise the trade ecosystem, and enable smarter trade across all markets. We always aim to unlock new geographies to enable global trade and empower SMEs to reach their goals. This partnership will connect SMEs in the UAE with a wider range of financing options that allow them to trade across borders.”

Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank said: “We are delighted to form a dynamic partnership with DP World to enable growth and economic diversification in the UAE, in line with the government’s national agenda. Over the years, EDB has expanded its SME support, enhanced their bankability, and provided them with easy and smooth access to growth finance. We look forward to creating new opportunities with DP World and working closely with them to support the growth of SMEs from the UAE and overseas.”

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