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Saturday, 23 December 2017

CMA CGM signs MoU to manage container terminal in East Port Said

French shipping group CMA CGM has signed an MoU with the Suez Canal Authority which would see it manage the USD 765 mn container terminal in the port of East Port Said, authority head Mohab Mamish announced on Sunday, according to Al Borsa. A delegation from the company is due to arrive on Tuesday for talks to cement the MoU into contracts. CMA CGM had been awarded the management tender after talks with with Singapore’s PSA International fell apart in March.

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