• Home
  • News
  • DP World Sokhna nearing completion of $520 million port expansion project
  • 2019 November 23 15:04

    DP World Sokhna nearing completion of $520 million port expansion project

    DP World Sokhna says it is near completion of a major expansion project that will bring DP World’s total investment in Egypt to $1.6 billion. Basin 2 will be operational by the second quarter of 2020 and nearly double capacity at the port to 1.75 million TEUs per year. The expansion cements DP World Sokhna’s position as a major gateway for Egypt’s trade, and the only port in the country capable of handling the largest container ships in the world.

    Built at a cost of $520 million and complementing two operational basins, the expansion into Basin 2 includes a 1.3-kilometre-long quay with 400 meters in use in Phase 1, and a 350,000 square meter container yard. It is one of the largest direct investments into the Egyptian economy this year.

    The expansion comes as the UAE and Egypt agreed to support a $20bn joint strategic platform to invest in a range of vital sectors and assets, with ports and economic zones being an integral driver for global competitiveness and economic prosperity.

    Basin 1 is already operational with a capacity of 945,000 TEUs. Basin 3 is a liquid bulk station spanning 400 square meters which is a major gateway for Egypt’s energy imports.

    The world-class facilities of the port have played a significant role in adding value to its customers’ operations by enhancing productivity, speed and cargo cost reduction while attracting leading global shipping lines and beneficial cargo owners.

    Suhail Al Banna, CEO and Managing Director of DP World Middle East and Africa said: “Our success in enabling trade and stimulating commerce at DP World Sokhna over the last decade is a testament to our market strength as a key trade and logistics hub in the south of the Suez Canal with access to the world’s busiest maritime trade routes. We are confident that our expansion into Basin 2 will significantly facilitate greater volume capacity at the port, which in turn, supports our commitment to bolstering Egypt’s economic growth by attracting greater investment and strengthening the foundations for a lucrative trade eco-system.”

    Al Banna added, “Through our end-to-end commercial strategy, we have expanded our role to support port operations in industrial, economic, and logistic zones by facilitating the most efficient movement of cargo and access to global consumption centres, while adopting the latest innovative technologies.”

    Ajay Singh, CEO of DP World Sokhna said: “From the beginning, we set out to position DP World Sokhna as Egypt’s leading port, and we remain committed to sustaining this success through in-depth market knowledge, constant improvement and operational versatility as we continue to mobilise our expertise and resources to develop infrastructure that caters to our customers’ needs, from point of origin to consumption.”

    The 10-year anniversary event of DP World Sokhna, was held at the Nile Ritz Carlton hotel in Cairo, on Tuesday November 19.It was attended by H.E. Hisham Tawfik, Egyptian Minister of Public Enterprise Sector, H.E. Engineer Yahya Zaki, chairman of the Suez Canal Economic Zone as well as other officials.

    About DP World
    DP World is a leading international operator of marine terminals and provider of logistics and related services. DP World has a portfolio of over 150 operations in over 45 countries across six continents, with a significant presence in both high-growth and mature markets. Container handling is the company’s core business generating more than 50% of its revenue. In 2018, DP World's terminals handled 71.4 million TEU. With its committed pipeline of developments and expansions, capacity is expected to rise to more than 100 million TEU by 2020, in line with market demand. DP World employs over 46,000 people from 120 countries. With its committed pipeline of developments and expansions, the current gross capacity of 91 million TEU is expected to rise in line with market demand.




2022 May 20

18:15 Inland ports urge the true completion of the European Network
18:00 IAA PortNews’ summary of past week news
17:37 Port Kolomna holds keel-laying of Moskovsky-703 dredger, Project 4395
16:56 Gazpromneft Marine Bunker prolongs contract on operation of terminal in Saint-Petersburg port till 2027
16:05 Blue Tern to support jacket installation campaign on Neart na Goithe
15:51 RUSCON sent cargo to China via inland terminal in Nakhodka
15:29 DNV certifies first training platform provider Seably
14:24 USC is in talks with potential customers on construction of container ships
14:02 Port of Savannah moves nearly 500K TEUs in April 2022
13:59 RF Navy to take delivery of 20 warships in 2022 – Vice Prime Minister Yury Borisov
13:18 MOL holds joint public-private anti-piracy drill with LNG carrier 'LNG MARS'
12:54 Daewoo Shipbuilding сancels LNG сarrier order linked to Sovcomflot - The Maritime Executive
12:43 USC set to start serial production of components for ship propulsion units in 2024-2025
12:41 Russian oil producers start to book up an increasing number of tankers owned by Sovcomflot - Bloomberg
12:24 Corvus Energy sets up US battery factory to meet market demand for hybrid and zero-emission vessels
12:14 Wärtsilä extends leadership in hybrid vessel segment
11:52 GTT receives an order from Hyundai Samho Heavy Industries for the tank design of a new LNG carrier
10:55 Havyard Group ASA and HG Group AS merge to create a leading service provider
10:00 USC head forecasts increase of orders from defense industry
09:19 Crude oil futures decrease on possible rise of supplies to China
08:56 MABUX: Irregular changes to prevail in Global bunker market on May 20

2022 May 19

18:06 Valenciaport detects in April a decline in Spanish export activity
17:48 Border checkpoint opened at Ultramar terminal in Ust-Luga seaport
17:26 CIMC Raffles delivered the first of two record-breaking ships to Wallenius Sol
17:15 ClassNK certifies NAPA Fleet Intelligence and NAPA Performance Monitoring and Optimization, and adds new notations to ships
16:41 New zero-emission Côte d’Ivoire Terminal receives first port equipment
16:12 PortsToronto releases 2021 Audited Financial Statements
16:05 “K” Line Group’s Yokohama Daikoku C-4 Terminal starts operation utilizing renewable energy
15:38 OTEKO obtains ISO 9001 certificate for handling of dry bulk cargo
15:06 Port of Salalah commissions new equipment to increase efficiency and meet demand
14:13 The first ship equipped to utilize future fairway services tested at Port of Kokkola
13:49 Vladivostok Fish Terminal puts into operation refrigerating facility of 7,000 tonnes in capacity
13:02 Wärtsilä completes delivery of 15 LPG fuel supply systems
12:28 Development of programme for Ship Repair, Modernization and Components conference is underway
12:07 MABUX: Bunker Weekly Outlook, Week 20, 2022
12:03 Long-term rates for reefer containers on the key US West Coast to Far East route up 60% in April - Xeneta
11:50 H2-Industries set to clear the oceans of plastic waste and produce clean fuel from innovative ship design
11:32 EU policymakers still need more ambitious green measures - Danish Shipping
11:11 PortNews issues its annual analytical report “Civil Shipbuilding in Russia”
11:03 Ports Long Beach and Los Angeles give update on Clean Air Action Plan
10:36 Global Ship Lease announces new forward charter agreement
09:56 RS developed requirements on usage of alternative fuels
09:53 ZIM reports record financial results for Q1 2022
09:29 Russian oil exports in January-April 2022 declined by 0.6% to 66.3 million tonnes
09:13 Crude oil futures rise on US reserves reduction statistics
08:58 MABUX: Bunker prices may continue downward changes on May 19

2022 May 18

18:35 Jotun's new tool to forecast carbon intensity of vessel operations
17:56 Gasum considers that natural gas imports from Russia could end this week
17:20 RF Government to extend setting of quotas for exports of mineral fertilizers till December 2022
17:06 Port of Antwerp-Bruges & CMB.TECH prepare the first hydrogen-powered tugboat
16:18 Port of Hamburg container throughput up 1.8 percent to 2.2 million TEU in Q1 2022
16:05 Port Houston container volume up 21% to 334,493 TEUs in April 2022
15:18 EU regulators must recalibrate EU ETS reform to ensure shipping industry is green by 2050 - WSC
15:11 Container throughput of Russian ports in 4M’2022 totaled 1.7 million TEUs, down 5.4% YoY
14:48 Throughput of Russian seaports in 4M’2022 rose by 0.1% YoY
14:32 Fluxys and Gasunie join forces to connect Belgian and Dutch hydrogen networks at North Sea Port
14:13 UAE to build LNG plant to double its export capacity - Bloomberg
14:02 Bureau Veritas and Climate Neutral Commodity join forces
13:44 Subsidies for construction of crab catchers at Far East shipyards to be raised from 20% to 28%
13:23 ECSA welcomes European Parliament’s decisive vote on commercial operators and Ocean Fund