March Newsletter
The global shipping line alliance OCEAN decides to extend the alliance until 2032:
CMA CGM, COSCO, Evergreen, and OOCL have extended their operational cooperation within the OCEAN Alliance for an additional five years until 2032. This partnership aims to support customers' supply chains by offering high-level shipping solutions across various ports with direct services and optimal transit times.
Saudi Arabia intends to expand the scope of industrial customs exemption:
The Ministry of Industry and Mineral Resources in Saudi Arabia plans to expand customs exemptions on raw materials, machinery, and spare parts needed for production starting in April. However, items already made in Saudi Arabia won't be exempt.
Arkas introduce a new service to USA:
Arkas Egypt expands its reach with a new service to the USA including New York, Norfolk, & Savannah. With this new service, they ensure regular, weekly voyages. Partnering with the Turkon and the Hapag-Lloyd lines, to guarantee efficiency and reliability.
HMM launching a new service to the East Coast of America:
Kadmar, the official agent for the Korean shipping line has announced a new service between Damietta Port and the East Coast of America next May. The service is considered one of the fastest between Egyptian and American ports, with shipments reaching the U.S. in just 13 days.
Global Logistics announces the start of new service from Sokhna to China:
The agent of the Chinese shipping line CULINES, announced two voyages per month from the port of Sokhna to Chinese and Far Eastern ports by the end of this month, and then it will transition to a weekly schedule by June. Direct sailings from Chinese to Egyptian ports, completed in 28 days, are set to facilitate trade between the two countries.
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