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Tuesday, 26 July 2016

More shipping companies begin charging in USD

Meanwhile, importers also woke up to the news that they will be charged in USD by shipping companies Hamburg Süd, SCA Logistics, and the Mediterranean Shipping Company, who are following in the footsteps of CMA CGM, the world’s third-largest shipping line. The heads of the importers and international logistics divisions of the Federation of Chambers of Commerce tell Al Borsa that the move might be illegal, as former Prime Minister Ibrahim Mahlab had issued a decree during his tenure barring payment for any services at Egypt’s ports in FCY. They note that Alexandria Container & Cargo Handling had attempted the same move, but had been forced by Cabinet to reverse its position.

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