Steven Yoogalingam named new managing director of Suez Canal Container Terminal

Steven Yoogalingam has been appointed as the new managing director of Suez Canal Container Terminal (SCCT) effective 1st April 2021, succeeding Lars Vang Chirstensen – former chairman and chief executive of SCCT.

Throughout his vocational journey, Yoogalingam has served in various operational, commercial, and leadership positions. Most recently and for almost four years, he has been the managing director of APMT Aqaba in Jordan.

With witnessed international background, SCCT’s new managing director has diligently worked for several terminals worldwide; including APMT joint-venture terminal Tanjung Pelepas in Malaysia. Graduated from King’s College London with Bachelor Degree in Law, Yoogalingam complemented his studies with several accredited certificates from prestigious institutions worldwide.

“Since inception in 2014, SCCT and Maersk Group have been committed to serve the Egyptian economy through supporting ongoing development in the Suez Canal Axis. Striving hard to periodically revamp our operations, we maximise Port Said East port’s prominence among the Eastern and Southern Mediterranean’s harbours.” Yoogalingam said.

“Hand in hand with the (Egyptian) Government and Suez Canal Economic Zone, we further optimise SCZone’s mega projects and promising industries towards achieving Egypt’s Vision 2030. Thanks to its prospective investment plan, SCCT thrives as the ‘best in class’ transshipment terminal in the Region and Egypt’s gateway to the world.”

Suez Canal Container Terminal (SCCT) is part of Maersk Group. APM Terminals, the terminals arm of Maersk, owns a majority share of 55 percent and also the management and operating responsibility.

COSCO with 20 percent share, Suez Canal Authorities with 10.3 percent, and the National Bank of Egypt with 5 percent are the other major shareholders. The balance 9.7 percent is held by the Egyptian Private.