Shipping Agencies

Shipping Arabia, September 21, 2026 – Egypt’s Suez and Red Sea Chamber of Shipping has called for stronger coordination across the maritime community as shipping companies and service providers navigate operational challenges and changing conditions affecting the sector.

The chamber reviewed its activities during its ordinary general assembly, chaired by Rear Adm. Abdel Qader Gaballah, with the participation of members including Capt. Mohamed Naguib, Chairman of Flex Shipping Agencies and Yacht Tourism.

The meeting reviewed the chamber’s board report, financial statements and final accounts for the financial years ending June 30, 2025 and June 30, 2026, alongside its proposed budget for 2026/2027. Members also considered amendments to parts of the chamber’s financial regulations and membership-related matters.

Following the formal agenda, shipping industry representatives discussed problems and operational challenges facing chamber members and the wider maritime community, with the meeting providing a platform for companies to raise concerns and propose practical solutions.

Gaballah said closer coordination between the chamber and its members would be increasingly important in addressing challenges facing the sector, emphasizing continued dialogue and collective discussion of issues affecting maritime businesses.

Naguib similarly stressed the importance of cooperation between shipping companies, the chamber and relevant authorities to create a more efficient operating environment capable of responding to changes affecting maritime transport.

He said greater coordination would support the competitiveness of Egyptian ports and Egypt’s position as a regional and international hub for trade, maritime transport and marine services.

The discussions come as Egypt continues expanding port and logistics infrastructure while seeking to strengthen the competitiveness of its maritime sector and the role of its ports across Mediterranean, Red Sea and Suez Canal trade routes.

Source: Almal News