logo
Damietta Port bolsters Egypt's hub vision with 5 giant cranes for Tahya Misr 1 terminal

Damietta Port bolsters Egypt's hub vision with 5 giant cranes for Tahya Misr 1 terminal

Lieutenant General Kamel El Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, confirmed Damietta Port's reception of the Chinese vessel ZHEN HUA 33.
On board were five colossal Ship-to-Shore (STS) quay cranes, designated for the Tahya Misr 1 container terminal's berths. This delivery is part of the ongoing superstructure work being carried out by Damietta Alliance, the terminal's operator, in preparation for its imminent inauguration and operation.
The arrival of these cranes marks a pivotal moment in equipping the terminal with the world's most advanced operating systems. This delivery augments a prior shipment of seven colossal STS cranes, raising the total count of sophisticated quay cranes now on site to 12.
Manufactured by HHMC, a prominent Chinese leader in contemporary port equipment, these cranes possess formidable operational capabilities, including a lifting capacity of 75 tons and an impressive 57.5-meter outreach from the quay.
This allows them to efficiently handle mega-vessels carrying up to 11 containers high. Furthermore, their impressive 72-meter outreach enables them to manage the widest container ships, significantly enhancing the port's capacity to accommodate the most advanced global container vessels.
The new cranes are also equipped with cutting-edge safety systems, including sensors, cameras, and protection systems, to ensure safe loading and unloading operations. They also support integration with smart port management systems, enabling real-time monitoring of operational activities and achieving the highest levels of efficiency and coordination among various operating departments within the terminal.
In a related development, the terminal has so far received 30 of the 40 planned environmentally friendly Rubber-Tyred Gantry (RTG) cranes. These RTG cranes are designed for high operational efficiency, standing 21 meters tall, and support a dual-power system allowing operation by either electricity or diesel, enhancing operational flexibility and efficiency under various conditions. They were manufactured by the Chinese company Genma-Kalmar, a global leader in advanced handling equipment.
The Tahya Misr 1 container terminal project stands as one of the largest national endeavors currently underway at Damietta Port. Its quays stretch for 1,970 meters with a depth of 18 meters, complemented by a vast 922,000-square-meter back area. This impressive setup provides a handling capacity of up to 3.5 million TEUs (Twenty-foot Equivalent Units).
Damietta Alliance Container Terminals, a consortium comprising Germany's Eurogate, Italy's Contship, and the global shipping line Hapag-Lloyd, is responsible for operating the terminal. Their management will adhere to the latest international standards, significantly bolstering the port's standing as a fully integrated logistics hub in the region.
This vital project aligns with the Ministry of Transport's comprehensive plan to develop all Egyptian ports. The overarching goal is to transform Egypt into a regional hub for transport, logistics, and transit trade, in line with directives from President Abdel Fattah El-Sisi.
Its implementation also falls within the framework of establishing the integrated logistical corridor (Tanta-Mansoura-Damietta). This will collectively contribute to boosting the national economy, enhancing the global competitiveness of Egyptian ports by increasing operational efficiency, reducing waiting times, and improving their capacity to accommodate the new generation of mega-ships.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Global economy undergoing largest-scale transformation: Putin - International
Global economy undergoing largest-scale transformation: Putin - International

Al-Ahram Weekly

time6 hours ago

  • Al-Ahram Weekly

Global economy undergoing largest-scale transformation: Putin - International

Russian President Vladimir Putin has claimed that the global economy is undergoing its most significant transformation in decades, as emerging powers reshape the balance of influence and redraw the economic map. At the plenary session of the St Petersburg International Economic Forum (SPIEF), Putin highlighted the growing influence of the so-called "global majority" — a term increasingly used in Russian and Chinese diplomatic rhetoric to describe countries outside the traditional Western bloc. 'At the beginning of the 21st century, BRICS countries accounted for one-fifth of the global economy. Today, they represent 40 percent, and this share is set to grow — inevitably,' Putin said. This year's SPIEF, held from 18 to 21 June under the theme Shared Values: The Foundation of Growth in a Multipolar World, is organized by the Kremlin-aligned Roscongress Foundation. Among the high-profile attendees at the plenary were Indonesian President Prabowo Subianto, Bahrain's National Security Adviser Sheikh Nasser bin Hamad Al Khalifa, Chinese Vice Premier Ding Xuexiang, and South African Deputy President Paul Mashatile. Putin argued that economic growth in the Global South is becoming 'increasingly sustainable' and demanded a new development model, free from what he described as neocolonial economic practices. 'We need a fundamentally different model, not one based on the rules of neocolonialism, where the so-called 'golden billion' is extracting resources from all other countries for the benefit of a narrow circle of elites,' he said. 'This isn't even in the interest of the people in those countries, but solely their elites.' Putin criticized the United States, claiming its economic gains had disproportionately benefited wealthy elites and not average citizens over the past decade. He linked this disparity to broader global political shifts. 'The middle class, regular citizens, haven't seen the benefits of this growth. That's one of the reasons we're witnessing political changes globally,' he said. He called for economic development to translate into improvements in quality of life, education, science, infrastructure, and technology. Russia, he said, is pursuing such an agenda. Putin said stable, long-term capital flows from international companies and investors are needed to drive growth. BRICS aims to provide a platform based on 'consensus, parity, and mutual respect.' He noted that at a BRICS summit in Kazan last year, 35 countries took part — representing two-thirds of the world's population and half of the global economy. 'They all expressed a shared vision for the future world,' Putin said. 'Today, BRICS is leading the way in launching large-scale projects to improve quality of life.' He cited initiatives in nuclear energy, aviation, artificial intelligence, robotics, IT, and new materials as examples of BRICS' innovation focus. Trade among BRICS countries, he said, has already exceeded $1 trillion and continues to grow. 'We welcome all partners willing to contribute to shaping a new global model of growth,' Putin added. 'The broader the circle of participants, the more effective and equitable this model will become.' He also highlighted the recent launch of Open Dialogue — a new international forum in Moscow with participants from over 100 countries. 'We intend to make this a regular format and build a whole ecosystem around it to develop breakthrough ideas.' Turning to the Russian economy, Putin said the country has now become 'Europe's number one' in gross domestic product and ranks fourth globally. He noted that annual inflation stood at 9.6 percent as of 16 June — still high but better than anticipated. 'This has already allowed for a cautious easing of monetary policy,' he said, adding that GDP had grown 1.5 percent in the first four months of 2025, with April's growth accelerating to 1.9 percent. He called on the Russian government to digitize the monitoring of economic indicators and keep structural reforms under 'special control.' 'I have focused today on five main areas of structural change in the Russian economy. Government programmes must be continuously adjusted to reflect the global situation and emerging opportunities,' he said. Follow us on: Facebook Instagram Whatsapp Short link:

Trump grants TikTok another 90-day extension in enforcement of sale-or-ban law
Trump grants TikTok another 90-day extension in enforcement of sale-or-ban law

Egypt Independent

timea day ago

  • Egypt Independent

Trump grants TikTok another 90-day extension in enforcement of sale-or-ban law

TikTok just got another lifeline from the White House, with President Donald Trump set to delay enforcement of the sale-or-ban law by another 90 days. 'President Trump will sign an additional Executive Order this week to keep TikTok up and running,' Karoline Leavitt, White House press secretary, said in a statement on Tuesday. 'As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure.' On Thursday, Trump confirmed that he'd signed an executive order delaying enforcement of the law by 90 days in a Truth Social post. The deadline for TikTok parent company ByteDance to hand over control of TikTok's US operations is now September 17. It's been about five months since a law requiring TikTok to be banned in the United States unless it's sold off by its China-based parent company technically went into effect. But thanks to President Donald Trump's promises not to enforce the law, neither of those things have happened, aside from an approximately 14-hour blackout in January. Tuesday's announcement marks Trump's third extension of the ban. The announcement means that the app will remain accessible for its 170 million American users despite the legislation that passed last year with bipartisan support over concerns that TikTok's Chinese ownership poses a US national security risk. And it comes as both the United States and China seek leverage in tense trade talks, in which TikTok appears to have become a bargaining chip. The TikTok sale-or-ban law went into effect on January 19 after it was signed by former President Joe Biden last year. TikTok briefly took itself offline, sparking outcry from creators, but quickly came back after Trump signed an order delaying the ban's enforcement by 75 days. It was one of his first acts as president, made in hopes of reaching a deal to keep the app 'alive.' In April, a deal that would have transferred majority control of TikTok's US operations to American ownership was nearly finalized. But it fell apart after Trump announced additional tariffs on China, forcing the president to announce another 75-day delay to keep the app operational in the United States. 'There are key matters to be resolved. Any agreement will be subject to approval under Chinese law,' TikTok parent company ByteDance said after Trump's tariff policy stalled progress on the deal in April. That pause was set to expire on June 19, before Trump's Thursday executive order. . Trump's latest enforcement delay raises questions about the status of a deal that could secure TikTok's long-term future in the United States. The Chinese government has offered little public indication that it would be willing to approve a sale beyond suggesting that any deal could not include TikTok's 'algorithm,' which has been called the app's secret sauce. In a statement on Thursday, TikTok indicated that it is still in talks with the office of Vice President JD Vance — who Trump appointed to oversee the effort — on a deal that would secure the popular short-form video platform's future in the United States. 'We are grateful for President Trump's leadership and support in ensuring that TikTok continues to be available for more than 170 million American users and 7.5 million U.S. businesses that rely on the platform as we continue to work with Vice President Vance's Office,' TikTok said in a statement. The new extension comes after the United States and China agreed on a framework to ease export controls, a move that's expected to ease tensions and prevent further escalation of export and other restrictions between the two countries. It's not clear whether a TikTok deal is included in the framework, but cooperation between the two sides could make an agreement to transfer control of the app to a US buyer more likely. Earlier on Tuesday, Trump told reporters that a TikTok deal would 'probably' require approval by the Chinese government and said, 'I think we'll get it.' 'I think President Xi will ultimately approve it, yes,' the US president added. The deal that had been in the making earlier this year would have involved several American venture capital funds, private equity firms and tech giants investing in a company that would control TikTok's US operations. TikTok's China-based owner, ByteDance, would have retained a 20% stake in the spinoff company — a key stipulation of the law. Several other high-profile bidders had also put their hands up to acquire the platform, including a group led by billionaire Frank McCourt and 'Shark Tank'-famous investor Kevin O'Leary, Amazon, AI firm Perplexity and a separate group of investors that included YouTube and TikTok star Jimmy Donaldson, known online as MrBeast. It was Trump who first tried to ban TikTok during his previous administration, but he has said he changed his mind after he 'got to use it.' TikTok CEO Shou Chew attended Trump's inauguration, seated on stage alongside Cabinet secretaries and other tech CEOs.

Iran Maintains Oil Exports during Conflict with Israel
Iran Maintains Oil Exports during Conflict with Israel

See - Sada Elbalad

time2 days ago

  • See - Sada Elbalad

Iran Maintains Oil Exports during Conflict with Israel

Taarek Refaat As tensions between Iran and Israel escalate into direct military confrontation, Tehran is quietly repositioning its oil export strategy to protect a crucial revenue stream and navigate tightening U.S. sanctions. According to two ship-tracking firms that spoke with Reuters, Iran is continuing to export crude oil largely unabated, using a "shadow fleet" of tankers and adapting its loading operations to minimize risk. While missile exchanges between the two adversaries have targeted strategic energy infrastructure — including Israel's Haifa oil refinery and Iran's South Pars gas field — Iran's main crude terminal on Kharg Island remains intact. Recent data from energy analytics firm Kpler shows that Iran has loaded 2.2 million barrels of crude per day so far this week, the highest volume in over a month. The loading operations have shifted exclusively to the island's eastern jetty, a move seen as a precaution amid ongoing hostilities. Floating storage allows Iran to respond quickly to market demand and sidestep sanctions enforcement by disguising cargo origins or swapping cargo at sea. This flexibility becomes even more valuable during wartime or geopolitical instability. Despite the reimposed U.S. sanctions — and additional restrictions targeting Chinese refiners since March — Iranian oil exports have remained resilient. The International Energy Agency (IEA) reported on Tuesday that exports have held steady at around 1.7 million barrels per day throughout 2025. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store