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Wednesday, 8 March 2017

Government freezes negotiations with Singapore’s PSA International over contract term disagreements

Meanwhile, negotiations with Singapore’s PSA International over platform management at the East Port Said port ended after the latter insisted on being given rights to manage all platforms for 10 years, Youm7 reports. Suez Canal Authority chief Mohab Mamish said his team is currently studying seven other management offers, including one from China’s COSCO Shipping Lines. The Suez Canal Economic Zone had been in talks with PSA over building and operating a container terminal in East Port Said since last month.

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