Current Nawat at Egyptian ports
  • Red Sea Next Almorbaaniya (El-Eklil) Start 7 December - Duration 13 day ، The beginning of the cold
  • Mediterranean Sea Next Al Faydah Al Saghera Start 19 December - Duration 5 days ، Accompanied with rains

The expectations of the maritime market during the next five years for the Egyptian Shipping Company (June 2000):

The entity that carried out the study:

Maritime Research and Consultations Center affiliated to Maritime Transport Sector – Arab Academy for Science, Technology and Maritime Transport.

The objective of the study:

  • The development of estimates for freight status in the maritime market during five years (2001-2005)
  • The main operational changes in the field of liners and dry bulk vessels operation.

 

Results:

  • An inactivity status in the world economy in general and the decrease of world trade growth rates.
  • 42% of the operation of liners lies within six main alliances on the world level and there is a trend toward the vertical integration and the provision of logistic services.
  • Major alliances and communities dominate the trade on the East- West pivot with no opportunities for the Egyptian fleet to operate on this pivot due to the unbreakable entry restrictions.
  • The continuous decrease in container vessels freights due to the decrease of operation costs resulting from the efficiency of the major entities and the fierce competition between the shipping lines and the major alliances.
  • The Egyptian shipping lines do not operate cargo transport contracts (COA) and do not compete in the future freight market which lead to the lost of several opportunities for the Egyptian fleet.

Recommendations:

  • The importance of increasing the ownership of container vessels and their operation on the main pivots.
  • The capacity of the vessel must not exceed 250-500 Tues. since these volumes are suitable to the Egyptian foreign trade beside the possibility of developing the inter-trade operations.
  • The importance of developing the management methods with regard to the operation of liners and the sustainable review of such methods.
  • The importance of operating a regular shipping line between Eastern and Western African countries, and Egypt in addition to Marseille port due to the increase of the participation percentage between Europe and the West African countries using multi purpose vessels.
  • The operation of Egyptian dry bulk vessels in the maritime market and the importance of concluding contracts for the transport of cargoes in order to ensure income and freight stability.
  • In case of the existence of transactions for the transport of Egyptian trade, suitable size vessels may be chartered to carry out these transport transactions in case the fleet capacity is operated in the world maritime market.
  • The importance of increasing the dependence on the future freight markets as being considered the suitable economic policy for support in unstable conditions.