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Egypt’s First Ship Recycling Facility at the Port of Damietta inaugurated
Image for representation purposes only; Egypt is all set to establish the nation’s first vessel recycling facility.
Dr.G.R.Balakrishnan Jun 04 2024 Marine News

Egypt’s First Ship Recycling Facility at the Port of Damietta inaugurated

This week, the Ministry of Transport’s Holding Co., dedicated to Maritime and Land Transport (abbreviated as HCMLT), signed a MoU with the El Wehda Industrial Company to develop a shipbreaking yard based in Damietta Port.

Kamel El-Wazir, the Egyptian Transport Minister, mentioned the collaboration is part of a presidential directive for boosting public-private associations in the transport sector.

It’s aimed at boosting the development of the local iron and steel sector, which currently depends on scrap metal (imported).  This can be replaced with vessel recycling materials that are locally sourced.