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Thursday, 13 September 2018

Ocean Alliance launches new service, to include CGM Uruguay

Ocean Alliance moves ports on better fees: Ocean Alliance has launched a new service through the West Port Said Port, Suez Canal Authority boss Mohab Mamish said yesterday, Al Mal reports. The new service line will see the group — which includes CMA CGM Group, APL, Evergreen, and China’s COSCO Shipping — launch 10 new ships that are set to make 55 annual voyages. The move comes less than a month after the international shipping alliance ceased operations at East Port Said to protest high fees. An alliance of Yang Ming, Hapag-Lloyd, K Line, Mitsui O.S.K. Lines, and the NYK Group retreated from East Port Said last year for the same reason, after the government hiked fees by c. 100%. Officials had promised to try and repeal the hike.

President Abdel Fattah El Sisi also ordered at a meeting with Mameesh that Egypt’s port authorities revisit port fees to make them more competitive, according to an Ittihadiya statement. He also called for a plan to upgrade port facilities in East Port Said.

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