The Alexandria Chamber of Shipping discussed a twinning agreement with the Greek and Cypriot chambers of shipping during the Federation of National Associations of Ship Brokers and Agents (FONASBA) annual meeting in London on Monday.
Chairperson of Alexandria Chamber of Shipping Mohamed Meselhy met with FONASBA president Glen Gordon Findaly on the sidelines of the annual meeting to discuss the challenges in maritime transport and the necessary mechanisms to deal with them.
Meselhy said that they discussed the supporting mechanisms needed to create healthy competition among operators and maritime agents in markets so as to reduce harmful competition and prevent monopolistic practices among them.
He told Daily News Egypt that the Egyptian delegation at the meeting discussed with participants ways to attract foreign investment in the fields of storage and shipping.
Talks with participating delegations focused on the role of navigation in revitalising trade exchange with Egypt and all markets, he added.
Meselhy said that the Alexandria Shipping Chamber seeks to be present in international forums and participate in the development of operational standards and the latest international maritime laws.
The chamber’s participation in international forums allows it to promote investment opportunities in the Egyptian market among top operators and international companies.
FONASBA is one of the largest international organisations that provides a united voice for the world’s chambers of shipping.
Meselhy explained that the twinning agreement discussions between the Alexandria Chamber of Shipping and the Cypriot and Greek chambers will work to exchange experience and training. This partnership will also activate trade exchange between them in preparation for launching alliances among their respective chambers.