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2009 March 10   13:32

Suez terminal rises 34% in 2008

Suez Canal Container Terminal has recorded growth of over a third for the second year running.
The terminal saw container traffic of nearly 2.4m teu, and handled around 20% of the whole east Mediterranean and Black Sea transhipment market.
However, the terminal's business is mainly transhipment for the international market, and so, as would be expected, the global slowdown has had an impact with container trade between Asia and Europe contracting in the last two quarters of 2008.
This follows a three-year period of growth of between 10% and 15%.

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