Jacques R. Saadé, Founding President of the French group CMA-CGM, has passed away

Jacques R. Saadé, the Founding President of the CMA-CGM Group, a global shipping giant, has passed away on the 24th of June at the age of 81. After leaving Lebanon with his family during the Civil War, Jacques R. Saadé founded the Compagnie Maritime d’Affretement (CMA) 40 years ago, on 13 September 1978. He began with …

The first stone of the future multi-functional terminal port of Damietta in Egypt

This future multipurpose terminal is expected to be completed within 18 months of the start of construction and will cost approximately $ 73.6 million. It will include a long mooring area of 630m for a depth of 17 meters and an area of 75,000m2.The port will generate an increase in trade volume of 4 million …